larry retired
TB Veteran
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Non-distributed money, as you call it, stays in the fund. If somebody dies before collecting, it just leaves that much more for you. Besides, you didn't put this money in, the company did.
Non-distributed money, as you call it, stays in the fund. If somebody dies before collecting, it just leaves that much more for you. Besides, you didn't put this money in, the company did.
Honest Larry I'm not trying to pick on you but WE put that money in there. Simplified answer here but instead of raises we took bennies.
You know it looks like I'm stalking you on the boards. I'll try and behave.:smilie_132:
larry retired
TB Veteran
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The difference between us and them, non-unions, is primarily bennies. Those negotiated bennies are paid by the company. If you worked for a non-union, you wouldn't be getting them, because the company wouldn't be paying them. This is an area where I know we are light years apart. I guess it is because I am an ECI. But I have never worked under the theory that the company owed me a thing. I only got what I got because of the union.
Something about your stepmother's pension doesn't make sense. Doesn't the fund guarantee someone vested with 18 years a pension after a certain age? And if deceased a 5 year payout to their estate?
2631 some pension plans have that age thing built into it I believe it is 62 but don't hold me to that I know the local I am in has it..If you have less than 20 years you have to be 62 to start collecting...
Crazy you are right, but I do not think that he is refering to age restrictions, thats why I hope that he will clarify his point.
Maybe I should better explain where I'm coming from. When we negotiated there was a pot of money to divide up. We Teamsters said put the Lions share in pension and H/W and give me smaller pay raises. So in my mind we made the contributions to said bennies, the company never give me squat, in around about way we have paid for our own bennies. Does that make sense to anybody but me?
larry retired
TB Veteran
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Maybe I should better explain where I'm coming from. When we negotiated there was a pot of money to divide up. We Teamsters said put the Lions share in pension and H/W and give me smaller pay raises. So in my mind we made the contributions to said bennies, the company never give me squat, in around about way we have paid for our own bennies. Does that make sense to anybody but me?
Yeah, I understand what you are saying and I don't disagree with you. I knew where you were coming from, from the get-go. I just wanted to point out that they haven't given any of this to us out of the goodness of their hearts. As you explain it, it is our money, but they parted with it under duress. By the way, congratulations. This ain't no easy club to get into. Of course, that is because nobody wants in. To be an Elite, Connected, Insider is not something Teamsters aspire to. We shamefully hold this title knowing we can only be this way because we are protected by our anonymity on this board. If any of us are exposed, we will be excommunicated from the brotherhood. I'm weird, I love it.
larry retired
TB Veteran
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SsssshSince I was inducted posthumously I figured I could stay incognito and hold onto my standing amongst the TB community. I mean no since me being outed like the rest of you, right!
I'll see you in HELL.:twisted:
The company she worked for went out of business (that's why she became unemployed), when she filed for her pension @ her retirement age of 62, Central States told her she did not have enough time vested to receive a pension. This time period took place in the 60's, 70's & 80's, she tried to collect on her pension in the 90's. Central States told her she needed 20 years to be vested to receive any kind of pension. She got a lawyer to fight this, after spending thousands of dollars on attorney fees, she was told that the business she worked for did not contribute to the fund in the proper manner. CS in court said the company she worked for did not make contibutions to the pension fund for the entire 18 years worked, even though she had dues receipts, paystubs & print outs. She ended up with nothing, but attorney fees. Maybe a lot of people don't remember, but in the 70's & 80's CS was a crooked as the day is long, a lot of people had to hire attornies to get their pensions & ended up with very little or nothing at all. I still have her computer print out showing her 18 years of dues paying, she even had to take CS to court to get her husbands pension when he died & yes he paid for her to receive these benefits.
The point I was trying to make was, not to trust CS's numbers! The tracking of benefits & contributing employees may be better tracked now in the new millenium, but I still won't trust this fund. To many people have contradicting numbers to what CS has. This fund is always showing negatives to the contributing members, BUT, yet they still seem to find enough money to fund their own pensions, benefits, parties, raises & even build a multi-million dollar glass house to work in. This fund would have been better off run by the Mafia & Mob then the crooks we have in there now.
larry retired
TB Veteran
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There is a recent book out by Frank Cullotta who,while never becoming a "made man", worked for Tony Spilotro from the Chicago Mafia during their reign in Las Vegas. He says the Teamsters never lost a penny from their investments in Vegas. He said it was all paid back with interest. He had to join the Witness Protection program to save his life. He was allowed to remain free as long as he never told the FBI a lie.
Actually Larry, someone else did a little digging and discovered that the pension funds made more money from interest paid by the mob, than they are from investing other ways. I don't remember where that tidbit came from though.
TPM Cafe | Talking Points Memo | Myth of Union Corruption
By the time Hoffa disappeared in 1975, the Central States pension fund had loaned an estimated $600 million to people connected with organized crime, according to Mr. Stier, who resigned his union appointment in April after questioning the union's ongoing commitment to rooting out corruption. But many of the loans did serve their intended purpose, making money to pay for Teamsters' retirement benefits. The hotels, casinos and other real estate projects, not all of which were connected to organized crime, were generally profitable, according to Mr. Stier, and before his disappearance Hoffa saw to it that his loans were repaid.
yard horse
TB Lurker
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Its quite a accomplishment if anyone can reach the 30 year mark in our industry . I have about 18 yrs and my back is shot already , I just deal with the pain and take it day by day. In the last few years the equipment has been upgraded quit a bit {power steering} helps alot.
larry retired
TB Veteran
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I'll guarantee you, my back is killing me. But that is more from lifting damned heavy stuff on and off the back of trucks for 31 years than driving, although I know bucking along all those years didn't help.
Imagine being stopped on an expressway (in a straight truck) and being rammed from behind (at 60+mph) by a Lincoln town car. Been out 20 of the last 33 months. Had shoulder surgery, reutrned for 13 months and the back went out again. Waiting now for approval for back surgery. Ouch!! Hoping to finish 5 more years for my 25 with age to get full pension. Disability pension plus SSDI, will not cut the mustard.
Mandatory retirement...
I was looking at the seniority lists for all the different terminals the other day...I understand everyones financial situation is different and private. However, I saw a brother who was born in 1918! Hired in 1948! Okay, 90 years old, 60 years seniority! PUH-LEEZ! I'm going out on limb here...but I say mandatory 150 (age plus years of service) and out. If not for yourself, for the junior men. That's just my opinion, I could be wrong.
I was looking at the seniority lists for all the different terminals the other day...I understand everyones financial situation is different and private. However, I saw a brother who was born in 1918! Hired in 1948! Okay, 90 years old, 60 years seniority! PUH-LEEZ! I'm going out on limb here...but I say mandatory 150 (age plus years of service) and out. If not for yourself, for the junior men. That's just my opinion, I could be wrong.
S
Stan Smith
Guest
Senority over solidarity.
You can think it, but don't you dare speak it!
You can think it, but don't you dare speak it!