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ODFL | Time for a PENSION PLAN AT OD

Heck I worked a couple years at ABF 15 years ago, the reason for leaving wasn't the company, it was the union mentality and it's blind support of political socialist scumbags and at times the slacker/don't do your best mentality. Remember, I come from a teamster household, yet they fought the corruption/blind follower mentality, corruption/sheep won. It's about choices. 26 years now, single truck private haul, union, non union, even partnered small fleet/owner operator. Been here just 6 years, only complaint, (kool-aid? no, just real world/reality mentality) wish OD would have expanded out here 15 years earlier. Like the Corps, OD is a large outfit, both have issues as all large orginizations, or get a bad apple in wrong position for awhile, yet fundamentaly are based on sound idealogy.
 
Back to pension plan, wasn't figured on choice to come here. Most are pongee scheme based since the funds were lost in fraud/waste/theft during the 60's, 70's and early 80's, that and members/companies to replenish have been greatly reduced. Example CF. AFL-CIO have large #'s of retired workers from industries in same situation. MAIN reason Card Check was hard pushed. Need the contribitions to keep pensions solvent. Those who retired from an active pension, great, there is an economic problem? AVERAGE pensioner gets 40% of benefits from current contributions. So, if you retire in 15+ years, what's your odds? Called unfunded liabilities. I'm 47, so getting Social Security is a joke, why would I want my pension invested with same odds of return?
 
Ruffian 72 said:
Back to pension plan, wasn't figured on choice to come here. Most are pongee scheme based since the funds were lost in fraud/waste/theft during the 60's, 70's and early 80's, that and members/companies to replenish have been greatly reduced. Example CF. AFL-CIO have large #'s of retired workers from industries in same situation. MAIN reason Card Check was hard pushed. Need the contribitions to keep pensions solvent. Those who retired from an active pension, great, there is an economic problem? AVERAGE pensioner gets 40% of benefits from current contributions. So, if you retire in 15+ years, what's your odds? Called unfunded liabilities. I'm 47, so getting Social Security is a joke, why would I want my pension invested with same odds of return?
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Our pension dosent cost us anything. I plan my retirement in other investments 401k ect. so if the money is there when i retire its a major bonus....
 
Well,that is great.The problem is alot of people don't think that way.They just think it will be there just like social security.
GO40 said:
Our pension dosent cost us anything. I plan my retirement in other investments 401k ect. so if the money is there when i retire its a major bonus....
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We need to get something straight here.see alot of number's being thrown around.Maybe the employee's here need to state the fact of how much does go into your 401-k a year from OD.Match&profit match's every yr.If you want to talk about us on the other forum's please get your fact's straight before telling the world.
 
7 yrs.that i have been in it.They have add'd on the match $7000.00&on profit add's they have add'd$2800.00..Let's see it fellow's.
kenneth said:
We need to get something straight here.see alot of number's being thrown around.Maybe the employee's here need to state the fact of how much does go into your 401-k a year from OD.Match&profit match's every yr.If you want to talk about us on the other forum's please get your fact's straight before telling the world.
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Yes it does.It goes back into what I put in has a total amount being invested.If I'm correct they match 3%of the 6% that you put in I believe.Not sure on the profit add...I'm no math or financial junky.I'm just a truck driver.lol.But,I still say that's not bad when I haven't done nothing except just make sure I'm atleast putting back 6% out of my paycheck.I'm just so tired of the false talk on the other forum's.If you going to talk about someone let's get the story straight.Hope to see more OD employee's out there post there's&be honest.I pulled mine of the website earlier.Just being honest here.
JIM BOB said:
That 9800 draws interest ? I can't remember.
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Guardrail said:
Why is it so hard for you to accept that there are people in the world that are happy with their place in life?

Why do you feel it's acceptable to force your views and beliefs on others?

How is that pension working out for those in the midstates?

Hey slim, why is it so hard for you to believe that someone could be happy with where they work?

Why do you and your type insist on forcing your beliefs on others?

Not everyone believes that they need more, more, more.
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There are the questions I asked that you not so skillfully evaded.



Guardrail--Xoomin'
 
Guess I'll throw in to this train wreck of a thread,A pension while I'd welcome one(never turn your back on a benefit)it isnt gonna happen as I explained earlier.And even if in the unlikely event that OD or the other major non-union freights were organized there's NO WAY that they'd be stupid enough to sign a contract that made them a party to a multi-employer pension(such as the IBT Central State,New England,etc)and even the most partisan IBT member knows in his heart that the IBT would agree to almost any alternate plan(such as the UPS pension,remember UPS didnt ,and likely would'nt have bought OVNT until they were no longer in the multi-employer plan,) put forth by any of these companies just to get them to sign,hence throwing the other freight teamsters and the future security of their plan under the bus.
 
DayliteDean said:
Guess I'll throw in to this train wreck of a thread,A pension while I'd welcome one(never turn your back on a benefit)it isnt gonna happen as I explained earlier.And even if in the unlikely event that OD or the other major non-union freights were organized there's NO WAY that they'd be stupid enough to sign a contract that made them a party to a multi-employer pension(such as the IBT Central State,New England,etc)and even the most partisan IBT member knows in his heart that the IBT would agree to almost any alternate plan(such as the UPS pension,remember UPS didnt ,and likely would'nt have bought OVNT until they were no longer in the multi-employer plan,) put forth by any of these companies just to get them to sign,hence throwing the other freight teamsters and the future security of their plan under the bus.
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Very good post. I agree with everything except the overnight thing. Overnight wasn't union when UPS bought them. The IBT let UPS out of central states pension in exchange for card check at Overnight and $6 billion in cash. It was no secret that UPS has wanted out for many years and has deep enough pockets to buy out.
 
You mean this?

slim66 said:
I'm not forcing anything on anyone. I'm only sharing what other companies have. It seems some people have bad information when it comes to the union and the companies the represent. Are they perfect? No far from it. Lots of problems with the union. Is OD perfect? Not at all. A lot of drivers I talk to in this part of the country are not happy with OD. You can't make everyone happy. I was at a stop a few weeks back where an OD driver was picking up a guaranteed shipment. He said "guaranteed to get wrecked". Both he and the customer started laughing.
My pension is fine. 3 generations of my family have/are enjoying a nice retirement. Will it be there for me? Perhaps only partially, but the fact that I don't have to contribute to the fund out of pocket, leaves me extra money for my IRA. I will be just fine but thanks for your concern.
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I'm still waiting for the answers to somehow appear out of the above text.

Guardrail--Xoomin'
 
Guardrail said:
You mean this?



I'm still waiting for the answers to somehow appear out of the above text.

Guardrail--Xoomin'
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I answered you in the above text. Sorry if I didn't itemize it for you. Seeing as you are the english major I figured you had some reading comprehension skills. I was wrong for assuming.
 
Let's see if I can match your answers with my questions...

Why is it so hard for you to accept that there are people in the world that are happy with their place in life?

A lot of drivers I talk to in this part of the country are not happy with OD. You can't make everyone happy. I was at a stop a few weeks back where an OD driver was picking up a guaranteed shipment. He said "guaranteed to get wrecked". Both he and the customer started laughing.

So you talked to one driver and you get the idea that all OD drivers are unhappy? Got it... big leap there.

Why do you feel it's acceptable to force your views and beliefs on others?

I'm not forcing anything on anyone. I'm only sharing what other companies have. It seems some people have bad information when it comes to the union and the companies the represent. Are they perfect? No far from it. Lots of problems with the union. Is OD perfect? Not at all.

It's fine to share what you have. But why do you think everyone else wants it? People make choices. They choose to work for a company based on what that company offers.

Why do you have the impression that non union people have bad information about the union? I know quite a bit about the union and will never work for a union outfit. That's my choice, but it's a well informed choice.

How is that pension working out for those in the midstates?

My pension is fine. 3 generations of my family have/are enjoying a nice retirement. Will it be there for me? Perhaps only partially, but the fact that I don't have to contribute to the fund out of pocket, leaves me extra money for my IRA. I will be just fine but thanks for your concern.

If the teamsters don't get some more money coming in, the pension is a gone. You say it might be there partially. Maybe the government insured part. 401K offered employees don't have to contribute to their fund either. Granted, the company won't match what you don't put in. The nice thing is, the 401K is there whether the company goes under or not. Yes, so is the pension, but if no one is contributing it won't last long.

Hey slim, why is it so hard for you to believe that someone could be happy with where they work?

Oh, you must have missed that one.

So I guess you kind of answered most of them. I guess I shouldn't expect real answers from someone who can't have a clear thought of their own. Keep preaching the union line. They need guys like you. Membership is dwindling and it needs to grow for the union big wigs to keep up their lavish life styles.



Guardrail--Xoomin'
 
godswrath said:
i would run those union reps right out the door. or throw them out the door depends on my mood.
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i just dont understand your mentallity, no body is trying to organize o.d yet, stop seen the union as your enemy,one thing is for sure not all of your drivers are happy ,some are just afraid to come out agaist the company , but at the same time there is alot o.d drivers like you guys ..who just dont get it !!! peace...
 
Guardrail said:
Let's see if I can match your answers with my questions...

Why is it so hard for you to accept that there are people in the world that are happy with their place in life?

A lot of drivers I talk to in this part of the country are not happy with OD. You can't make everyone happy. I was at a stop a few weeks back where an OD driver was picking up a guaranteed shipment. He said "guaranteed to get wrecked". Both he and the customer started laughing.

So you talked to one driver and you get the idea that all OD drivers are unhappy? Got it... big leap there.

Why do you feel it's acceptable to force your views and beliefs on others?

I'm not forcing anything on anyone. I'm only sharing what other companies have. It seems some people have bad information when it comes to the union and the companies the represent. Are they perfect? No far from it. Lots of problems with the union. Is OD perfect? Not at all.

It's fine to share what you have. But why do you think everyone else wants it? People make choices. They choose to work for a company based on what that company offers.

Why do you have the impression that non union people have bad information about the union? I know quite a bit about the union and will never work for a union outfit. That's my choice, but it's a well informed choice.

How is that pension working out for those in the midstates?

My pension is fine. 3 generations of my family have/are enjoying a nice retirement. Will it be there for me? Perhaps only partially, but the fact that I don't have to contribute to the fund out of pocket, leaves me extra money for my IRA. I will be just fine but thanks for your concern.

If the teamsters don't get some more money coming in, the pension is a gone. You say it might be there partially. Maybe the government insured part. 401K offered employees don't have to contribute to their fund either. Granted, the company won't match what you don't put in. The nice thing is, the 401K is there whether the company goes under or not. Yes, so is the pension, but if no one is contributing it won't last long.

Hey slim, why is it so hard for you to believe that someone could be happy with where they work?

Oh, you must have missed that one.

So I guess you kind of answered most of them. I guess I shouldn't expect real answers from someone who can't have a clear thought of their own. Keep preaching the union line. They need guys like you. Membership is dwindling and it needs to grow for the union big wigs to keep up their lavish life styles.



Guardrail--Xoomin'
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Its not hard at all for me to believe someone can be happy where they work. That's not what this thread was about. I hope everyone is happy where they work. I'm sorry I gave you answers that a) you didn't like and b) was so hard for you to be able to extract from a few paragraphs. I'm not preaching any union line. Contrary to what you talk radio parrots have been forced fed about unions, we do think for ourselves hence the big divisions within. I have yet to vote for someone who is pushed by the unions. Not for any reason other than I do my own research and thinking. So how about you guardrail, you're a fedex board mod yet you bounce around other company's boards correcting bad English?
 
slim66 said:
Its not hard at all for me to believe someone can be happy where they work. That's not what this thread was about. I hope everyone is happy where they work. I'm sorry I gave you answers that a) you didn't like and b) was so hard for you to be able to extract from a few paragraphs. I'm not preaching any union line. Contrary to what you talk radio parrots have been forced fed about unions, we do think for ourselves hence the big divisions within. I have yet to vote for someone who is pushed by the unions. Not for any reason other than I do my own research and thinking. So how about you guardrail, you're a fedex board mod yet you bounce around other company's boards correcting bad English?
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I don't listen to talk radio, it corrupts the brain. Why does everything have to be " you guys need (whatever), just like us union brothers have it.". You brought the union into the discussion. Go look at the OD/ABF U-pack thread. It's just a bunch of union snobs telling the OD drivers that they don't make as much and the only reason the U-Pack might succeed at OD is because they don't make as much. If this doesn't have anything to do with the union, leave it out.

There is a big division because the union is broke, mechanically and financially. You know that if they don't fix it, your pension is screwed. Ask some of the guys at YRC about falling just short of the time needed to draw when the union agreed to let YRC stop contributing. I'll bet you'll get some real good discussions there.

As for the mod thing. I was a mod on the Fedex board while I worked there. I am now just a general mod. What difference does that make. I didn't correct your English, I pointed out your mistake. I don't care if you misspell words, it's not against the rules here.

Guardrail--Xoomin'
 
Guardrail said:
I don't listen to talk radio, it corrupts the brain. Why does everything have to be " you guys need (whatever), just like us union brothers have it.". You brought the union into the discussion. Go look at the OD/ABF U-pack thread. It's just a bunch of union snobs telling the OD drivers that they don't make as much and the only reason the U-Pack might succeed at OD is because they don't make as much. If this doesn't have anything to do with the union, leave it out.

There is a big division because the union is broke, mechanically and financially. You know that if they don't fix it, your pension is screwed. Ask some of the guys at YRC about falling just short of the time needed to draw when the union agreed to let YRC stop contributing. I'll bet you'll get some real good discussions there.

As for the mod thing. I was a mod on the Fedex board while I worked there. I am now just a general mod. What difference does that make. I didn't correct your English, I pointed out your mistake. I don't care if you misspell words, it's not against the rules here.

Guardrail--Xoomin'
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You call them (me) snobs, why beacuse we believe in the union? Its not perfect by any means but its the best game in town. I know you dont work for od but can someone tell me what your top rate is & hom much you pay for health coverage? I make $23.97 it will be $24.42 april 1st i pay nothing toward health coverage in my most recent benifit statment from 2010 my employer contributed $15,909.66 into my pension. I am not bragging this is to give you a idea of that the union pay scale & pension contribution is....
 
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