Yellow | Retirement....2015

Help from who? Our Government is broke, our states and municipalities are broke. The tax payer? Are you gonna vote for a tax that will take money out of your check to fund your retirement? I'm all for private pensions, but at what cost...certainly not from taxes. If the company you work for can afford to contribute to a pension, that is fine. But to put it on the back of the public is BS. Look at the situation in Greece. 22% of the workers are in the private sector and 78% work for the government, how are 22% going to be able to fund the retirement of the 78%? It's simple math and it doesn't add up. In the US, we have 120 trillion in unfunded liabilities (Social Security, Medicade, Medicare and Federal Pensions) plus interest on the national debt, add that to the 16.3 trillion in national debt....where is the money going to come from....the answer is all of us through taxes. I'm sorry to say, but those of us under 45 are not going to retire, we are going to work until we die regardless if we have a pension. We won't be able to afford to retire due to huge tax increases that are coming to retain the "status quo"

Your quite adept at asking the questions but offer nothing as a possible solution...just basically anti-government hysteria. Your not willing to have a portion of your (and everyone else's) taxes go towards funding private pensions...including your own I presume...but consider this...Did all the "To big to fail" banks have any qualms about taking your tax dollars when they were near collapse? I would presume once again that you were against such usage of tax payer money...You say " If the company you work for can afford to contribute to a pension, that is fine." Does that mean that your in favor of leaving pensions, including your own, up to the "kindness" of the "Company"? There are examples of Companies that make profit and still do not offer pensions....because that would mean less profit for them....but your fine with that it seems.... The Situation in Greece...is just that.....the situation in Greece....Not the same as it is here...Your reasoning of Public sector vs private sector is assuming that all Government workers pay no income tax....."22% of the workers are in the private sector and 78% work for the government, how are 22% going to be able to fund the retirement of the 78%? You mention trillions in unfunded liabilities but fail to mention that it also includes trillions of dollars spent on wars....that were put on the national credit card....Trillions more dollars that never reached the treasury because of tax laws and loopholes that allow Huge Corporations as well as wealthy individuals to pay little and in some cases no federal tax.....That is the "status quo" that should concern us more....There are those that wish for all of us to believe that we can't afford Social Security and medicare/medicaid and other Social programs that are aimed at helping the vast majority of the population...Listen to who is promoting such ideas... usually those that have a financial interest in getting their 'hands" on that money...rather than let it be used for it's intended purpose...Have those same sources ever been concerned with the cost of war? Seems we always have money for that..... You mention the situation in Greece....Are there other Countries in the world that might serve as an example of how things can work for the betterment of our citizens? There are many things I don't want my tax dollars spent on but have no say in the matter.....but if given the choice I would much rather see my tax money be spent on programs that help the working class of this country....yes that includes Social Security and Medicare ect..and yes increased public funding to help ailing pensions.(think PBGC)...including yours........rather than wars and being the World "leader".. Your right...with Corporations controlling our pensions and livelihood... there is not going to be retirement as we think of it today.....The real question is what is everyone going to do about it?
 
Why let them take a cut ? Why not let them bump back in on seniority list and not draw anything. Wow think of all that cash that would not be going out the door each month !! Down side is U would probably be on layoff. Bet now it is not such a novel idea..
But it's ok for us to pay for you? What sacrifice did you make? I guess from your post that your retired,so what cut did you take?
 
That is a great idea. Distribution of wealth right? Retirees take a cut to bump you up to 100% so you can retire before you're eighty. I don't think so. Working until you're eighty is a better idea :guinesssmilie:
If the govt takes over the pension do you think you'll still draw your full pension? NOT!
 
Not an easy task

We're talkin the demise of the many union carriers that had a fork stuck in them and died due to deregulation..(as you would put it) not the few who were shut down for a variety of reasons. I am confident that the other participants understand this

You can talk deregulation all you want! How many years since "deregulation?"
How many UNION transportation companies has the IBT organized since deregulation???
Did the freight just disappear?
Has the IBT membership increased since deregulation?
Will someone PLEASE answer any of these questions! Enlighten all of the 1,402,878 members!
 
Sorry

You can talk deregulation all you want! How many years since "deregulation?"
How many UNION transportation companies has the IBT organized since deregulation???
Did the freight just disappear?
Has the IBT membership increased since deregulation?
Will someone PLEASE answer any of these questions! Enlighten all of the 1,402,878 members!
I'll take a crack at #2. None, a Union carrier is already under contract.:TR10driving03:
 
Help from who? Our Government is broke, our states and municipalities are broke. The tax payer? Are you gonna vote for a tax that will take money out of your check to fund your retirement? I'm all for private pensions, but at what cost...certainly not from taxes. If the company you work for can afford to contribute to a pension, that is fine. But to put it on the back of the public is BS. Look at the situation in Greece. 22% of the workers are in the private sector and 78% work for the government, how are 22% going to be able to fund the retirement of the 78%? It's simple math and it doesn't add up. In the US, we have 120 trillion in unfunded liabilities (Social Security, Medicade, Medicare and Federal Pensions) plus interest on the national debt, add that to the 16.3 trillion in national debt....where is the money going to come from....the answer is all of us through taxes. I'm sorry to say, but those of us under 45 are not going to retire, we are going to work until we die regardless if we have a pension. We won't be able to afford to retire due to huge tax increases that are coming to retain the "status quo"

What is considered the "status quo?" Jefferson County, Mississippi?
I can survive on less than $36,000 a year.
That is the average annual amount for those retired before the "401k" debacle.
Depending on "where" I choose to live on planet Earth, it is possible I could live like a King.
 
I have A great idea,lets have our retirees take A cut. Some of them have drawn out more than was ever paid in on them in the first place.

Jealousy?

If they spent the time, they deserve my dime! Period!

Throw a coffin in that cab as an extra seat.
 
Your quite adept at asking the questions but offer nothing as a possible solution...just basically anti-government hysteria. Your not willing to have a portion of your (and everyone else's) taxes go towards funding private pensions...including your own I presume...but consider this...Did all the "To big to fail" banks have any qualms about taking your tax dollars when they were near collapse? I would presume once again that you were against such usage of tax payer money...You say " If the company you work for can afford to contribute to a pension, that is fine." Does that mean that your in favor of leaving pensions, including your own, up to the "kindness" of the "Company"? There are examples of Companies that make profit and still do not offer pensions....because that would mean less profit for them....but your fine with that it seems.... The Situation in Greece...is just that.....the situation in Greece....Not the same as it is here...Your reasoning of Public sector vs private sector is assuming that all Government workers pay no income tax....."22% of the workers are in the private sector and 78% work for the government, how are 22% going to be able to fund the retirement of the 78%? You mention trillions in unfunded liabilities but fail to mention that it also includes trillions of dollars spent on wars....that were put on the national credit card....Trillions more dollars that never reached the treasury because of tax laws and loopholes that allow Huge Corporations as well as wealthy individuals to pay little and in some cases no federal tax.....That is the "status quo" that should concern us more....There are those that wish for all of us to believe that we can't afford Social Security and medicare/medicaid and other Social programs that are aimed at helping the vast majority of the population...Listen to who is promoting such ideas... usually those that have a financial interest in getting their 'hands" on that money...rather than let it be used for it's intended purpose...Have those same sources ever been concerned with the cost of war? Seems we always have money for that..... You mention the situation in Greece....Are there other Countries in the world that might serve as an example of how things can work for the betterment of our citizens? There are many things I don't want my tax dollars spent on but have no say in the matter.....but if given the choice I would much rather see my tax money be spent on programs that help the working class of this country....yes that includes Social Security and Medicare ect..and yes increased public funding to help ailing pensions.(think PBGC)...including yours........rather than wars and being the World "leader".. Your right...with Corporations controlling our pensions and livelihood... there is not going to be retirement as we think of it today.....The real question is what is everyone going to do about it?

This post is the reason why I do not believe in either party.
Each party is corrupt. Percentage pending.
I could tell you a hundred reasons why each party would benefit the common man. BUT if I could combine the thought process of both parties and rationalize them, I'd be a wealthy individual.
 
Your quite adept at asking the questions but offer nothing as a possible solution...just basically anti-government hysteria. Your not willing to have a portion of your (and everyone else's) taxes go towards funding private pensions...including your own I presume...but consider this...Did all the "To big to fail" banks have any qualms about taking your tax dollars when they were near collapse? I would presume once again that you were against such usage of tax payer money...You say " If the company you work for can afford to contribute to a pension, that is fine." Does that mean that your in favor of leaving pensions, including your own, up to the "kindness" of the "Company"? There are examples of Companies that make profit and still do not offer pensions....because that would mean less profit for them....but your fine with that it seems.... The Situation in Greece...is just that.....the situation in Greece....Not the same as it is here...Your reasoning of Public sector vs private sector is assuming that all Government workers pay no income tax....."22% of the workers are in the private sector and 78% work for the government, how are 22% going to be able to fund the retirement of the 78%? You mention trillions in unfunded liabilities but fail to mention that it also includes trillions of dollars spent on wars....that were put on the national credit card....Trillions more dollars that never reached the treasury because of tax laws and loopholes that allow Huge Corporations as well as wealthy individuals to pay little and in some cases no federal tax.....That is the "status quo" that should concern us more....There are those that wish for all of us to believe that we can't afford Social Security and medicare/medicaid and other Social programs that are aimed at helping the vast majority of the population...Listen to who is promoting such ideas... usually those that have a financial interest in getting their 'hands" on that money...rather than let it be used for it's intended purpose...Have those same sources ever been concerned with the cost of war? Seems we always have money for that..... You mention the situation in Greece....Are there other Countries in the world that might serve as an example of how things can work for the betterment of our citizens? There are many things I don't want my tax dollars spent on but have no say in the matter.....but if given the choice I would much rather see my tax money be spent on programs that help the working class of this country....yes that includes Social Security and Medicare ect..and yes increased public funding to help ailing pensions.(think PBGC)...including yours........rather than wars and being the World "leader".. Your right...with Corporations controlling our pensions and livelihood... there is not going to be retirement as we think of it today.....The real question is what is everyone going to do about it?

Reward, with tax breaks, those companies that provide pensions, (not 401-k's) and healthcare for their employees.
Punish with higher tax rates, those that seek pure profit and reward only executives and board members.
Seems simple to me.
 
I have read that a congressman in New Jersey(?) has introduced a bill that if and when passed.Will help make some of these Pension Funds more solvent.He states that its not in no way a Tax payer bailout nor any tax monies will come from this source.Some fund that has been around for a very long time.That many a company has paid into.Plus some of these companies are no longer in business.Some sort of pension safeguard fund.Again it's up to our congressman to pass this bill to make these funds available.Im not quite sure how much is in this fund.
I have no idea who coined up the idea of Orphans.Some easy catch phrase that passes the culpabilities and bad money management to someone else.Misconception.Then again we all believe most anything
 
Thankyou to all the people who commented on my post,you made my point. What I said was not to make anyone mad. I simply wanted folks who get to recieve their full pensions to realize that nobody wants to take A cut. But I also found out something else,it's ok for me and others to take A screwing as long as it dose'nt affect you! This is exactly why nobody wants to join the unions today,pretty sad.
 
Thankyou to all the people who commented on my post,you made my point. What I said was not to make anyone mad. I simply wanted folks who get to recieve their full pensions to realize that nobody wants to take A cut. But I also found out something else,it's ok for me and others to take A screwing as long as it dose'nt affect you! This is exactly why nobody wants to join the unions today,pretty sad.

You failed to consider one very important factor in your comments - time. Someone close to or at the end of his/her working career or already beyond that point (i.e., retired) no longer has the time necessary to recoup a reduction/loss in their retirement earnings. Someone still working and not that close to retirement still has time to make adjustments to their income/savings in various ways to order to compensate for the cuts. That makes a big difference.
 
You failed to consider one very important factor in your comments - time. Someone close to or at the end of his/her working career or already beyond that point (i.e., retired) no longer has the time necessary to recoup a reduction/loss in their retirement earnings. Someone still working and not that close to retirement still has time to make adjustments to their income/savings in various ways to order to compensate for the cuts. That makes a big difference.
Agreed, but what about that person who puts in 20 and finds that their 50 yrs old and only having 1/4 of their pension paid in on? Are they supposed to work until their 90? As I stated before,nobody wants to take A cut,but everybodies situation is different. I look at us as the mirror of social security,not enough people paying in and to many taking out. The only answer is more people paying in. When was the last time we organized anyone? If that does'nt happen the govt will wind up taking over the pension. You can guess what that will do to it! Sadly if the union does'nt have A pension to offer,no nonunions will be interested in joining.
 
Agreed, but what about that person who puts in 20 and finds that their 50 yrs old and only having 1/4 of their pension paid in on? Are they supposed to work until their 90? As I stated before,nobody wants to take A cut,but everybodies situation is different. I look at us as the mirror of social security,not enough people paying in and to many taking out. The only answer is more people paying in. When was the last time we organized anyone? If that does'nt happen the govt will wind up taking over the pension. You can guess what that will do to it! Sadly if the union does'nt have A pension to offer,no nonunions will be interested in joining.

The pension problems arose on your time in the industry. If the pension hits the wall on your watch then you deal with what needs to be done. Nothing has been promised to you with 20 years service. The new pension rules upped the age and service requirements. I put the 33 years in so when is it my turn to take a hit? The gov won't be taking over the pension any time soon because one reason is future retirees like you may be keeping the pension cost down..
 
same retired plumber is saying same thing as when we had to vote on these cuts.
you have to vote this or else.
gotta protect his own azz.
i still say that i would of like to see what plan B was , at this point the 20 year guys might think that way too.
worse that could of happened if we pushed or stood up is what we got rammed up or rears .
 
same retired plumber is saying same thing as when we had to vote on these cuts.
you have to vote this or else.
gotta protect his own azz.
i still say that i would of like to see what plan B was , at this point the 20 year guys might think that way too.
worse that could of happened if we pushed or stood up is what we got rammed up or rears .

No way you thought they would continue paying full scale while losing
$2 1/2B dollars. Say it isn't so bro. No way you think my pension is linked to you boys making it.
 
Reward, with tax breaks, those companies that provide pensions, (not 401-k's) and healthcare for their employees.
Punish with higher tax rates, those that seek pure profit and reward only executives and board members.
Seems simple to me.

Yes I would agree with that....Reward Companies that re-invest in the Employees, thereby investing in the Company, (as employees are the Company) rather than gambling with the Profits in the Wall street casino....Good Start!
 
Thankyou to all the people who commented on my post,you made my point. What I said was not to make anyone mad. I simply wanted folks who get to recieve their full pensions to realize that nobody wants to take A cut. But I also found out something else,it's ok for me and others to take A screwing as long as it dose'nt affect you! This is exactly why nobody wants to join the unions today,pretty sad.

Is your "point" that as long as you have to "take a screwing", it will somehow make it easier to know that retirees who have already EARNED their pensions also have to "take a screwing"? What would you be saying if you were a retiree and had your pension cut after fulfilling your part of the equation? ( i.e 25 to 30 years of their lives..or more.). .... This is not the reason that people don't want to join Unions today......People don't want to join Unions because they have not been educated in the Labor Movement and the conditions that gave rise to the Union Movement.....instead they have been "educated" by the Corporate dominated media that oppose Labor in general and Unions in particular...and perhaps even by people like you that make statements such as you did in your post...If it weren't for Unions we wouldn't even be having any discussions about pensions because they (Pensions) would have never been part of a workers hope for a better future.... What is sad is the fact that so many people have bought into the media induced anti-Union propaganda....We do however share the same sentiment regarding that no one wants to take a cut.....That is without a doubt...
 
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