Strike Votes at ABF

Discussion in 'ABF Freight System' started by Freightmaster1, Feb 7, 2018.

  1. Freightmaster1

    Freightmaster1 Well-Known Member

    Messages:
    5,355
    Likes Received:
    3,336
    http://www.tdu.org/strike_votes_at_abf
    Strike votes are being held in a number of locals, including Dayton, Harrisburg, Columbus, Kansas City, Louisville, and Chicago Local 710.

    ABF has stonewalled in contract negotiations. They’ve given the union just one page of proposals, a laundry list of concessions.

    Members have a chance to get the company’s attention by voting to authorize a strike.

    [​IMG]
    :bananapartyhat::smilie93c peelout::hissyfit:
     
    the5tolls and SAC75 like this.
  2. Trucker 206

    Trucker 206 Well-Known Member

    Messages:
    978
    Likes Received:
    1,033
    Thanks for posting that, FM. this is the first I’ve seen of the company’s proposal, and yet it’s dated December 2017! Where the HELL was our local when this came out? We should’ve seen this within a few days after its release.
     
  3. Cmannhd70

    Cmannhd70 New Member

    Messages:
    11
    Likes Received:
    9
    If this proposal is real it sure contradicts the doom and gloom we've been hearing from our union.

    Add are normal 2.5 % raises in there instead of the pay freeze and this would be something I'd be willing to support. Vacation restored. Health care still paid for although the formula would change . And some money going to the pension with the hopes of collecting some sort of small check 15 years down the road and some going into my 401k fund which guarantees me a chunk of money for retirement. I know I'm going to hear all about how better pension funds are better then 401k accounts. And I do agree with that. But with how broken the central states fund is, I'd like to hedge my bet some.
     
  4. Rollin62

    Rollin62 Well-Known Member

    Messages:
    1,337
    Likes Received:
    143
    Agreed. Id rather have 2 sources of retirement vs. a single critical pension that is headed for insolvency . As a newcomer , it'll work out best for me in the long run because insolvency is projected 2024 right?
     
    the5tolls likes this.
  5. canaryinthemine

    canaryinthemine Retirement....The Job I Was Born To Have!

    Messages:
    3,456
    Likes Received:
    4,377
    That's a good, valid point, Rollin62. Insolvency for several funds is predicted roughly around that time. But,....you've got to remember,....pension rules, over several decades, were manipulated to put defined-benefit pension plans in this predicament.

    Who would benefit? Wall Street bankers hated the idea of Union pension funds holding large blocks of "unregulated" ( ..in Wall Street's eyes...) stocks,....and the potential for Union Pension Fund Trustees to do "social engineering" with stocks the Fund owns.

    For each of us to have our own little "investment" plan,...unconnected with any other plan,....would eliminate the power of Union Pension Fund stocks as a force to be reckoned with.........and would leave us all at the mercies of the fluctuations of the market,....."manipulated"...or not.

    But,....the game, as it's played, right now,.....would make it prudent to put money aside in whatever investment vehicle is offered,.........And hope Wall Street...."plays nice".....with our money.......
     
    troubleman84, Homesick and the5tolls like this.
  6. Top Dawg

    Top Dawg Member

    Messages:
    46
    Likes Received:
    52

    Of course they want to fix the vacation, they can't hire anyone with the current policy. The healthcare needs to stay at 3 punches in a week, not a monthly total. And as far as the pension contributions you seem to be ok with. You do realize they are proposing to cut their weekly contributions by over a third? That should be unacceptable to each and every worker!
     
  7. Rollin62

    Rollin62 Well-Known Member

    Messages:
    1,337
    Likes Received:
    143
    Add some COLA and it will balance out
     
  8. flat top

    flat top Active Member

    Messages:
    338
    Likes Received:
    123
    Also, has the reduced amount proposed even been discussed with Central States? When yrc lowered their contributions,all kinds of early benefits went bye,bye.
     
    canaryinthemine likes this.
  9. Cmannhd70

    Cmannhd70 New Member

    Messages:
    11
    Likes Received:
    9
    Well now that the Butch Lewis act wasn't attached to the spending bill but some new committee was formed and they must figure something out by December 2018, I'm losing faith in our pension. You can all tell me that the banks stole this our government took that, that the playing field is rigged against the pensions. Blah blah blah! The fact of the matter, they are going broke and the teamsters have done nothing to help the situation out either. Letting companies out and not organizing anyone. So do you really want ABF to keep contributing all that cash on your behalf onlyonl be sucked dry before you get to collect. We all have heard all the reasons why but there is no real solution to the pension crisis that anyone will agree on except kick the problem done the road. So that's why I want some on the money put into my own account and take my chances .
     
  10. RonnieJames

    RonnieJames Active Member

    Messages:
    120
    Likes Received:
    78
    Get ready to STRIKE! F em’!
     
    Try'n Hard and 6PakAbs like this.
  11. Rollin62

    Rollin62 Well-Known Member

    Messages:
    1,337
    Likes Received:
    143
    Funny how mad everyone gets when somebody disagrees. The way I see it, everyone can get pissed as much as they want. Fact is, the older ones and retirees are getting pissed that the actual worker isn't getting on board to fund this broke pension that'll be insolvent for the ones working now. So it's pretty selfish for you say f-em and strike. Might as well say " f-you fellow teamster and new hires, I don't want you to have any retirement "
     
    Last edited: Feb 9, 2018
    Homesick likes this.
  12. Top Dawg

    Top Dawg Member

    Messages:
    46
    Likes Received:
    52

    No, it won't. You're not going to make up $2.50+ an hour with a COLA.
     
  13. Top Dawg

    Top Dawg Member

    Messages:
    46
    Likes Received:
    52
    Funny, that's exactly what the last contract did.
     
  14. canaryinthemine

    canaryinthemine Retirement....The Job I Was Born To Have!

    Messages:
    3,456
    Likes Received:
    4,377

    The ideal situation would be for someone to own up that they "engineered" these funds to go broke. A Smoking Gun, as it were......Prior to 2004 , most all defined-benefit Multi-Employer funds were very solvent,....and that includes the CSPF,....(in spite of some of their ...disastrous...choices in the past...)..

    Government rules,.....which they refused to amend at that time,......didn't allow for defined-benefit plans to save for the proverbial "rainy day". According to rules STILL currently in place,....if a fund exceeds 100% funding,...the employer no longer has any obligation to the fund. This rule kept funds from saving any money,....they HAD to give it out as some sort of "benefit",...or risk allowing the employers to walk away from funding the pension. Our fund here in W. Pa. had to go to a 13th yearly check for retirees just to keep the funding below 99.9%..

    Now, here it is 14 years,....and one Great Recession,....later,.....and most defined-benefit funds are crippled and in danger of insolvency,.....mainly due to government rules that kept them from exceeding 100% funding,...and thereby laying in funds for future collapses.

    The "culprits" are identified..........Now Congress has to accept responsibility for these archaic rules,.....and Wall Street has to accept complicity for lobbying for those rules.

    For us working people? The people in our Ruling Class couldn't give a hoot if you're forced to buy dog food to eat...... Wall Street would love it if all defined-benefit funds went away.........Your employer would love it, too..... If it were negotiated that ABF must give a 50% match to employee contributions to a 401(k),....that match would come directly out of whatever money they had allotted to go to the pension funds. That would cost them much less than it does now,.......de-fund, and eventually bankrupt all defined-benefit funds,...thereby alleviating ABF of any responsibility,......and,..once and for all,...force us to fund our own retirements,...individually, and subject to the vagaries of the stock market.

    As an example,.....just think if you were going to "retire" on your 401(k) this week.........Kind of a..."problem"....eh?

    That's why defined-benefit funds were established. They can insulate an individual participant from up and down market volatility. You retire when YOU want,....not when the market "lets" you.

    Let's not throw the proverbial baby out with the bathwater. Demographically,.....ALL defined-benefit funds will eventually stabilize, when there is more younger employees paying in,......instead of the artificial glut of much older, top-heavy seniority boards that are working their way through the pension fund system. Once stabilized,.....these funds are,......without a doubt,.....the best vehicle for retirement. You need an example? Congress retires THEIR members on a defined-benefit plan,....INSTEAD of a 401(k)-style plan.......

    What's Good For The Goose........

    We're going to have to keep funding individual 401(k)'s out of our own pocket,.......and ABF,.....and ALL OTHER employers are going to have to step up and financially support the defined-benefit plans.........The IBT,....in their Infinite Wisdom ( heavy sarcasm...).....CAN NOT allow ANY participant in Multi-Employer funds to "discount" their payments. That should be sacrosanct.......Underfunding long-term defined-benefit funds would wreck Teamster retirements for a generation. Our pension plans USED to be our greatest recruitment tool,.....They will EVENTUALLY get back to being solvent,........IF,....we don't aid and abet the employers and Wall Street in wrecking our own pensions......

    My Opinion.....
     
  15. Rollin62

    Rollin62 Well-Known Member

    Messages:
    1,337
    Likes Received:
    143
    I guess yrc just gets a pass for another 10 years. I'm not ok with kicking this same can. Writing is on the wall. I deserve the right to pick how I want my contributions to be invested as an individual , and you should too
     
    Try'n Hard and Abfrocks like this.
  16. canaryinthemine

    canaryinthemine Retirement....The Job I Was Born To Have!

    Messages:
    3,456
    Likes Received:
    4,377
    It will be negotiated as to whether YRC gets another pass. In hindsight, it was a terrible idea and a complete con-job by YRC management.

    Hopefully the IBT leadership realizes that.

    The problem would be is that a pension plan is a package deal. All or nothing. Companies want it that way.

    They would be more than happy to let a small group of new hires benefit at the expense of the bulk of the rest of us. Save them a lot of money.
     
    seabreeze likes this.
  17. One pup

    One pup Member

    Messages:
    35
    Likes Received:
    12
    If they want to fix the vacation, they left out the part that says " Thirty years or more Six weeks".
     
    canaryinthemine likes this.
  18. canaryinthemine

    canaryinthemine Retirement....The Job I Was Born To Have!

    Messages:
    3,456
    Likes Received:
    4,377
    How about giving the week a year for four years before I retired that the company...."donated".....for me to help pay for new corporate headquarters for ArcBest and Panther,....oh,...yeah,....don't forget those corporate bonuses,.......

    How about giving those back to me retroactively? They could put that back in the contract.

    But, yes.......they should put back "Six weeks for Thirty years."
     
  19. seabreeze

    seabreeze Not Well Known Member, 60 Year Teamster Member

    Messages:
    2,382
    Likes Received:
    3,065
    Train needs to get back down and practice stopping for stop signs, don't need you stop sign violators worrying about us Teamsters.
     
    runawaytrain likes this.
  20. runawaytrain

    runawaytrain Wear their scorn with pride.

    Messages:
    6,901
    Likes Received:
    2,144
    You will take what they give and like it!!!!:poke:
     

Share This Page