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SAIA | Raises 2023

Larrythethird said:
So what’s the 100 percent health insurance rule is it for everyone or after u been there for 10 years or what I had no idea please let me know. And dang what stocks should I buys since u control the stock market let
Me know please. And whats 6 percent of your hourly rate? Because that’s what you make hourly after you contribute your measly 6 percent a week into a 401k. Lol I am so clueless as to why I can put just as much as u into my 401k with all this money I’m saving from my insurance bills on top of my getting my pension. It’s not an argument and I’m sorry if it’s leading to that but if you want to post a paystub i can post one to maybe your right maybe nonunion take home pay blows mine out of the water so if u want to prove me wrong go ahead. Oh and also if you make 1600 a week let’s just say for fun and you contribute 6 percent what is that like 96 bucks a week lol so I’m sure a saia driver would contribute even more so subtract that from your hourly rate this is why non unions make lore because if they made less if would cause employees to potentially organize that is all I am getting at. I have worked non union and union and the non union I worked for paid better than saia . But hey I’m clueless lol
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Without a contract they can take that benefit away anytime they want!
 
So what’s the 100 percent health insurance rule is it for everyone or after u been there for 10 years or what I had no idea please let me know. And dang what stocks should I buys since u control the stock market let Me know please. And whats 6 percent of your hourly rate? Because that’s what you make hourly after you contribute your measly 6 percent a week into a 401k. Lol I am so clueless as to why I can put just as much as u into my 401k with all this money I’m saving from my insurance bills on top of my getting my pension. It’s not an argument and I’m sorry if it’s leading to that but if you want to post a paystub i can post one to maybe your right maybe nonunion take home pay blows mine out of the water so if u want to prove me wrong go ahead. Oh and also if you make 1600 a week let’s just say for fun and you contribute 6 percent what is that like 96 bucks a week lol so I’m sure a saia driver would contribute even more so subtract that from your hourly rate this is why non unions make lore because if they made less if would cause employees to potentially organize that is all I am getting at. I have worked non union and union and the non union I worked for paid better than saia . But hey I’m clueless lol
 
So what’s the 100 percent health insurance rule is it for everyone or after u been there for 10 years or what I had no idea please let me know. And dang what stocks should I buys since u control the stock market let Me know please. And whats 6 percent of your hourly rate? Because that’s what you make hourly after you contribute your measly 6 percent a week into a 401k. Lol I am so clueless as to why I can put just as much as u into my 401k with all this money I’m saving from my insurance bills on top of my getting my pension. It’s not an argument and I’m sorry if it’s leading to that but if you want to post a paystub i can post one to maybe your right maybe nonunion take home pay blows mine out of the water so if u want to prove me wrong go ahead. Oh and also if you make 1600 a week let’s just say for fun and you contribute 6 percent what is that like 96 bucks a week lol so I’m sure a saia driver would contribute even more so subtract that from your hourly rate this is why non unions make lore because if they made less if would cause employees to potentially organize that is all I am getting at. I have worked non union and union and the non union I worked for paid better than saia . But hey I’m clueless lol I l
 
conartist said:
just like yellow defaulting on central states right now? lol
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Yellow has been saved by getting a 30 day extension on that 50 million dollar tab. Word on the street is they are already looking to buy more carriers. A grand finale of sorts... Yellow is awaiting the approval of another covid loan so they can buy more companies before they shut everything down. Teamsters will approve the decision
 
Jaloc said:
Without a contract they can take that benefit away anytime they want!
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Did you happen to see how fast the Yellow benefits vanished when the company refused to pay the bill ? I can appreciate what Union Labor contracts have done to bring wages up in the industry but modern day Contracts have been less than stellar. lets be Honest.
 
wongway said:
Why is Non-Union pay scale $32-$35 hour while Union is $25-$26 hour then ?? and they have a matching 401-K that you control not the union !
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I get what you’re saying I do. But explain how you control the 401k? The pension fund I am in is giving us an extra bonus for the past three years due to where the money is invested doing so well In returns. But i just don’t get what people mean when they say they control 401k? Isn’t that the stock market which no one has control over? Or am I missing something? In 2022 401ks lost an average of 22 percent. Yea non unions pay more per hour I believe it’s due to the fact they don’t want guys to organize also because non unions needs to put their own money away into retirement savings opposed to union workers employers taking care of that for them essentially lowering the hourly rate for non union employees. Factor in overtime rules for most non unions and insurance costs then it’s all about the same?
 
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Action express said:
The control you have is to be a mutual fund or a government bond fund . Freedom to move your money around. Freedom to take little or no risk .and depending on the fund you’ve made your money back
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Oh that does sounds quite nice, I prefer to take home more of my check though and be part of the largest collectively bargained defined benefit pension plan In the United States with contributions from things such as waste disposal, retail operations, rental automotive, package delivery, mass transit, liquor distribution, hotel/gaming, laundry, grocery, food processing, food distribution,exposition, engineering services, dairy, construction, cold storage, brewery, automotive manufacturing, bakery, building materials, brewery,… oh and ya Freight just to name a few. I mean hey God forbid but if ABF does go under before I retire I’ll just start picking up the trash out of the trash Can in front of your house, or maybe get a job at a casino, or drive for Kroger and deliver to Ralph’s or maybe even just bake some bread or hey I can even drive a bus, kind of sounds nice actually to possibly change things up and then collect my pension when time comes. Idk to each their own.
 
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Larrythethird said:
I get what you’re saying I do. But explain how you control the 401k?<snip>
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A 401-K is just a mechanism for you to invest for your own retirement. Within the particular 401-K you happen to be in are multiple options for where to invest your money. There are usually options of various mutual funds, some conservative and some less so. Maybe even a money market fund for a really conservative option. You have choices within the 401-K of where to put your funds.
 
Triplex said:
A 401-K is just a mechanism for you to invest for your own retirement. Within the particular 401-K you happen to be in are multiple options for where to invest your money. There are usually options of various mutual funds, some conservative and some less so. Maybe even a money market fund for a really conservative option. You have choices within the 401-K of where to put your funds.Thanks for the info. K element
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Thanks for the info! With my previous employer when I contributed to a 401k I didn’t get into Into it to much I just remember picking either aggressive or moderate or a fund based on my age.
 
Larrythethird said:
Thanks for the info! With my previous employer when I contributed to a 401k I didn’t get into Into it to much I just remember picking either aggressive or moderate or a fund based on my age.
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To get good results you have to do a little homework yourself or get help from a financial advisor. Many people have negative views about 401-K's probably because they made bad choices of the funds within the 401-K. I've had two 401-K's from former employers and they have done very well for me. Good luck to you. :1036316054:
 
Larrythethird said:
I get what you’re saying I do. But explain how you control the 401k? The pension fund I am in is giving us an extra bonus for the past three years due to where the money is invested doing so well In returns. But i just don’t get what people mean when they say they control 401k? Isn’t that the stock market which no one has control over? Or am I missing something? In 2022 401ks lost an average of 22 percent. Yea non unions pay more per hour I believe it’s due to the fact they don’t want guys to organize also because non unions needs to put their own money away into retirement savings opposed to union workers employers taking care of that for them essentially lowering the hourly rate for non union employees. Factor in overtime rules for most non unions and insurance costs then it’s all about the same?
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union people control our pension & work rules after you retire and 401-K you make choices & no work rules and you can give the balance to yours kids or dogs when you die ,
 
wongway said:
union people control our pension & work rules after you retire and 401-K you make choices & no work rules and you can give the balance to yours kids or dogs when you die ,
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Don’t get me wrong I 100 percent get where you are coming from I really do I’m not pro union nor am I anti union I just prefer to work union. But u say there is no work rules at non union companies? But there is driver facing cameras, terminations for any reason whatsoever and things like that at non unions? I mean if there is no work rules at non unions please help me get a job. Now if u mean change of ops then ok ya I understand maybe your referring to yellow but from what I hear guys at companies such as fedex are very un pleased due to the company cutting runs and using purchased transportation and things like that now see a union doesn’t allow that. And i hope my kids aren’t banking on me leaving them a 401k behind although that would be nice but I mean how much realistically would have to come out of your check each week to leave your children a fortune with a 401k? Now if I die before my wife she gets a pension check the rest of her life. I mean like i have said before it’s all about the same both have pros both have cons. I mean if your working all your life to die with money for your dogs that’s not a way to live enjoy yourself lol.
 
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Larrythethird said:
Don’t get me wrong I 100 percent get where you are coming from I really do I’m not pro union nor am I anti union I just prefer to work union. But u say there is no work rules at non union companies? But there is driver facing cameras, terminations for any reason whatsoever and things like that at non unions? I mean if there is no work rules at non unions please help me get a job. Now if u mean change of ops then ok ya I understand maybe your referring to yellow but from what I hear guys at companies such as fedex are very un pleased due to the company cutting runs and using purchased transportation and things like that now see a union doesn’t allow that. And i hope my kids aren’t banking on me leaving them a 401k behind although that would be nice but I mean how much realistically would have to come out of your check each week to leave your children a fortune with a 401k? Now if I die before my wife she gets a pension check the rest of her life. I mean like i have said before it’s all about the same both have pros both have cons. I mean if your working all your life to die with money for your dogs that’s not a way to live enjoy yourself lol.
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If you max out a Roth IRA every year, and invest the rest of 15% of your income into your company 401K.. over time you can leave your kids quite a nice Fortune..
 
Larrythethird said:
I get what you’re saying I do. But explain how you control the 401k? The pension fund I am in is giving us an extra bonus for the past three years due to where the money is invested doing so well In returns. But i just don’t get what people mean when they say they control 401k? Isn’t that the stock market which no one has control over? Or am I missing something? In 2022 401ks lost an average of 22 percent. Yea non unions pay more per hour I believe it’s due to the fact they don’t want guys to organize also because non unions needs to put their own money away into retirement savings opposed to union workers employers taking care of that for them essentially lowering the hourly rate for non union employees. Factor in overtime rules for most non unions and insurance costs then it’s all about the same?
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Pensions are Limited on what they can invest in when it comes to Risk . Most are calculated on a 5-7 % lifetime rate of return. A 401k using a simple S&P 500 index fund will out perform the pension by nearly double . Also your pension dies when you die. Unless you take a huge survivor penalty option. The 401k is passed on to your beneficiary. You should at least max 1 Roth IRA to compliment that pension. Pensions over the next 30 years will be compromised.
 
You know this was a Saia form about the amount of raise’s . Not about union pension’s. The pension great I get that. 401ks can be invested in many types of funds, like no risk government funds. Which are probably less risky than the teamsters pension fund at this point maybe. We chose what opportunities we have at some point at life and we’ll I happen to be at Saia at this point in time. Didn’t start that way I started with a non-union ltl that yellow bought ( Action express ) and it worked out in the end.
 
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