Purpose of this forum

Discussion in 'Central States Pension Fund Discussion' started by Jeff, Oct 23, 2015.

  1. Jeff

    Jeff Administrator

    Messages:
    11,370
    Likes Received:
    943
    Trophy Points:
    113
    Truckingboards has a great presence on the internet and this forum has been created to let those affected post their views about the situation .... This is not a Union vs Non-Union forum and those who try to turn it into one will be banned from participating in this discussion.
     
  2. Kennesaw Kid

    Kennesaw Kid Super Moderator Staff Member

    Messages:
    5,252
    Likes Received:
    2,295
    Trophy Points:
    113
    Thank you for the forum Jeff....One other note....This is NOT Facebook and we do have rules at TruckingBoards.com....please read them....KK
     
    albag, icuicp, Shadow251 and 6 others like this.
  3. ABFer

    ABFer Super Moderator Staff Member

    Messages:
    18,388
    Likes Received:
    10,520
    Trophy Points:
    113
    This is serious business and no place for monkey business.
     
  4. Kennesaw Kid

    Kennesaw Kid Super Moderator Staff Member

    Messages:
    5,252
    Likes Received:
    2,295
    Trophy Points:
    113
    ZERO tolerance for sure!....KK
     
    Shadow251, SAC75, Jeff and 1 other person like this.
  5. sundrop03

    sundrop03 Active Member

    Messages:
    353
    Likes Received:
    219
    Trophy Points:
    43
    Yes...thanks Jeff and Jimi for the hard work you guys do !!!
     
  6. Keepingon

    Keepingon Well-Known Member

    Messages:
    2,210
    Likes Received:
    2,257
    Trophy Points:
    113
    Great idea to do this forum! THANK YOU!
    I am pretty sure someone posted somewhere a list of our elected officials who voted for this law. I can't find it, if anyone has it please post it.
     
    Jeff, Shadow251 and Kennesaw Kid like this.
  7. albag

    albag Pray for peace!

    Messages:
    5,584
    Likes Received:
    3,204
    Trophy Points:
    113
    Democrats Who Pretended to Try to Kill the Bill

    Blumenthal Richard CT D (202) 224-2823
    Booker Cory NJ D (202) 224-3224
    Boxer Barbara CA D (202) 224-3553
    Cantwell Maria WA D (202) 224-3441
    Gillibrand Kirsten NY D (202) 224-4451
    Harkin Tom IA D (202) 224-3254
    Hirono Mazie HI D (202) 224-6361
    Klobuchar Amy MN D (202) 224-3244
    Levin Carl MI D (202) 224-6221
    Markey Ed MA D (202) 224-2742
    Menendez Robert NJ D (202) 224-4744
    Merkley Jeff OR D (202) 224-3753
    Reed Jack RI D (202) 224-4642
    Tester Jon MT D (202) 224-2644
    Whitehouse Sheldon RI D (202) 224-2921
    Wyden Ron OR D (202) 224-5244

    http://crooksandliars.com/2014/12/cr-omnibus-good-dems-bad-dems-dems-who-are
     
    troubleman84 and pilot87 like this.
  8. nobodysboy

    nobodysboy here to inform not to conform.

    Messages:
    139
    Likes Received:
    68
    Trophy Points:
    28
    there are so many variables to what has gone on with the teamster pension funds it's hard to put a finger on one aspect of the downfall of the central states fund. YRC not paying in to the fund for their workers and retirees is a slap in the face. These men have continued to work while incurring a pay cut and no pension funding. Makes you wonder what the final destination for these employees is. The UPS buyout of their employees section of the fund creates another imbalance. They pay what 7 billion to get out of the funding part yet the union still pays the bill for their retirees? what's that about? I look at the western conference which is still operating in the black although that could change at any time. Probably better investments with their respective monies. I'm not sure how the eastern conference fund is doing but I'm sure it's still solvent. Lot's of union activity on the east coast. those of you who DON"T get it understand this.......you would not be making the money you do if it weren't for the union stepping in back in the mid 1900's and demanding a better life for their members. You all would be working for minimal wages and upset over the fact you don't have a better life. Another problem is the pension guarantee corp of america only guarantees 39 per credit if your fund goes insolvent. so if you have 30 years and funds goes upside down you're getting approx 1200 a month. Just fyi. better than nothing. hopefully something changes within our corporate structure and the government demands companies join a multi-employer funded pension. something has to change or your parents and their parents won't have a life come 65.
     
    runawaytrain likes this.
  9. kantgetryte

    kantgetryte Well-Known Member

    Messages:
    2,252
    Likes Received:
    1,549
    Trophy Points:
    113
  10. runawaytrain

    runawaytrain Wear their scorn with pride.

    Messages:
    6,373
    Likes Received:
    1,891
    Trophy Points:
    113
    I think your on to something.
     
  11. excfman

    excfman Active Member

    Messages:
    539
    Likes Received:
    76
    Trophy Points:
    28
    The Government isn't going demand any company to join any multi-employer funded pension their doing everything they can do bust the ones out there now they want everyone working now on 401 plan. Then that way no one is to blame but you for vesting it wrong.
     
  12. nobodysboy

    nobodysboy here to inform not to conform.

    Messages:
    139
    Likes Received:
    68
    Trophy Points:
    28
    and corporate raiders can freeze a 401 and block your ability to get your money. all I'm saying is the government needs to stop backing big business and make sure they take care of those who have helped build their respective business.
     
    runawaytrain likes this.
  13. Northern Flash

    Northern Flash Piss on our Flag, get a boycott against you.

    Messages:
    32,841
    Likes Received:
    11,465
    Trophy Points:
    113
    KK. I have a question that you might have the answer to.

    Since UPS paid 6 billion or whatever it was to get their employees out of the pension fund, I've always wondered if that 6 billion was set aside for ONLY UPS retirees to collect at a later date, or was that money put into the general fund for everyone to collect as they retired?
    And if it was put into the general fund for everyone to collect, where the hell did it all go?

    Thanks in advance.
     
  14. albag

    albag Pray for peace!

    Messages:
    5,584
    Likes Received:
    3,204
    Trophy Points:
    113
    The money paid to CSPF by UPS, was a withdrawal penalty. None was set aside for any purpose. There was specific language to protect UPS employees, UPS would protect the retirement benefits. Any future reduction to UPS retirees benefits who were retired at the time of their (UPS) would be offset by payments from UPS. From what I have read, that DOES NOT apply to those who retired after UPS's withdrawal.
     
  15. freight jockey

    freight jockey Active Member

    Messages:
    129
    Likes Received:
    209
    Trophy Points:
    43
    Just want to add a point, like you stated part of the withdrawal agreement between UPS and CSPF was that UPS would make up any future reductions to benefits for their retirees. UPS lobbied heavily for the MPRA bill and their employees were put in a class that was least affected by the cuts ( Tier 3 ). According to CS literature this Tier 3 UPS transfer group numbers 12,000 or 12% of CSPF fund participants. How much exactly this move saved UPS is unknown.

    As far as what happened to the $7 billion or so UPS paid to withdraw from CSPF, it was lost in the market with 9 months of being paid to the fund. One more reason these crooked investment companies retained by CSPF should be investigated and legal action taken against them.
     
    papajohn, Northern Flash and albag like this.
  16. jimmy g

    jimmy g Kook

    Messages:
    15,814
    Likes Received:
    7,997
    Trophy Points:
    113
    Sounds like you and a couple others didn't read post #1?
     
  17. nobodysboy

    nobodysboy here to inform not to conform.

    Messages:
    139
    Likes Received:
    68
    Trophy Points:
    28
    ?? maybe you didn't understand it. I did. and am only posting what is true and pretty factual. don't make something out of nothing. nothing I said was inflammatory or negative.
     
  18. jimmy g

    jimmy g Kook

    Messages:
    15,814
    Likes Received:
    7,997
    Trophy Points:
    113
    Not according to post #1 2 3 and 4
     
  19. nobodysboy

    nobodysboy here to inform not to conform.

    Messages:
    139
    Likes Received:
    68
    Trophy Points:
    28
    oh ok buddy. you apparently are making something out of nothing. my dad, may he rest in peace, always said 1/3 of the world makes something out of nothing, 1/3 of the world doesn't and 1/3 doesn't care one way or the other. Tell me where you sit. I said nothing offensive or derogatory. Just hoping for a better life for all. That's where I stand. My last post to you bud. have a good life.
     
    Max and ABFer like this.
  20. jimmy g

    jimmy g Kook

    Messages:
    15,814
    Likes Received:
    7,997
    Trophy Points:
    113
    The first four posts said keep the discussion limited to the pension and don't mention unions. Then about four posts, starting with yours- went straight to unions instead of Pensions. And one of those in power then gave you a like, breaking Jeff's rule of post #1... I don't see that as nothing. I see it as disrespect for Jeff, and his board..
     

Share This Page