Freightmaster1
TB Legend
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Check out this interesting "opinion piece" posted on social media by the Director of the Michigan Southwest Committee to Protect Pensions!
Yes. some good points Bubba , but still anytime you have the union or somebody else controlling your retirement investments its not a good idea and plus just think of the amount you would have in a 401-K if they would have put all that money into your PRIVATE 401-K that ONLY you control and YES everybody is entitled to there own opinion on this very very touchy subject , but still bottom line is that all the driver's that worked all these years should be able to get whats coming to them right ? But it is nice that Hoffa & his buddies are still all getting a full pension !!Well Wong the only Way you are going to get a matching 401k is if Hoffa "lets YRC out of the pension fund" , I'm sure he would like to kick you out of the fund, but YRC can't afford your 15% much less the withdraw penalty. Just remember the Roadway sheep didn't have the balls to stand up to management when Roadway created the RPS "private contractor model" bunch of 's if you ask me!!! The orphans paid into the pension fund, they claim they are entitled to no cut's, that's fine. Why does it matter that UPS teamsters voted to leave the pension fund? they seem to be doing quite well financially. Which brings me up to my point. Part of the agreement with UPS in 2007 was they would not leave any other Teamster pension fund for 10 years. UPS pays into 20 Teamster pension funds, considering what has happened in the last few years. With a new contract coming up in 2018. Do you think maybe all UPS Teamsters might want to vote themselves out of Teamster pension funds?!?!?!?!
http://www.fundinguniverse.com/company-histories/roadway-express-inc-history/Well Wong the only Way you are going to get a matching 401k is if Hoffa "lets YRC out of the pension fund" , I'm sure he would like to kick you out of the fund, but YRC can't afford your 15% much less the withdraw penalty. Just remember the Roadway sheep didn't have the balls to stand up to management when Roadway created the RPS "private contractor model" bunch of 's if you ask me!!! The orphans paid into the pension fund, they claim they are entitled to no cut's, that's fine. Why does it matter that UPS teamsters voted to leave the pension fund? they seem to be doing quite well financially. Which brings me up to my point. Part of the agreement with UPS in 2007 was they would not leave any other Teamster pension fund for 10 years. UPS pays into 20 Teamster pension funds, considering what has happened in the last few years. With a new contract coming up in 2018. Do you think maybe all UPS Teamsters might want to vote themselves out of Teamster pension funds?!?!?!?!
The Teamsters Union never really took on double breasting back in the eighties and nineties.Twisted, that article is proof that Roadway teamsters allowed Roadway to build a non-union monster, that would devour teamster companies. Ron Carey lied to UPS employees, telling them UPS wanted to steal their pension. When in fact CSPF had become a "ZOMBIE FUND" which no new employer would want to be part of ( per NUCPP, BOB, MIKE, SHERM's pension expert in testimony to congress) FED EX flush with cash after UPS strike purchased CALIBER taking teamster market share since. If Ron Carey would have told teamsters in the 90's their pension fund was a ZOMBIE fund, instead of being a Politician and lying. Maybe just maybe adjustments could have been made that would have prevented the current situation. Just kidding Teamsters members would never vote for anybody that didn't promise them the moon!!!!!!
The Teamsters Union never really took on double breasting back in the eighties and nineties.
Help me here but I seem to remember specific language in the contract prohibiting double breasting in the past. It seems to have just disappeared one day during the Con-Job.The Teamsters Union never really took on double breasting back in the eighties and nineties.
Help me here but I seem to remember specific language in the contract prohibiting double breasting in the past. It seems to have just disappeared one day during the Con-Job.
That stund by Jackie Presser cost us 25,000 I want to be carried into the convention by Roman Gladiators.Don't blame them, they were busy with more important things.
We joined the Teamsters Union in 1974 at the small airfreight forwarder where I was working. We went from $4.00 per hour to $6.49 per hour. Pretty good money for someone 23 years old in 1974.Wage rates in Ohio 43 years ago!
$6.80 in 1974 had the same buying power as $35.54 in 2017
https://www.dollartimes.com/calculators/inflation.htm
Annual inflation over this period was about 3.92%
We joined the Teamsters Union in 1974 at the small airfreight forwarder where I was working. We went from $4.00 per hour to $6.49 per hour. Pretty good money for someone 23 years old in 1974.
Said the septuagenarian.Wow, you're old!!
I can't recall scale in 1957 when we joined the Teamsters, I think in1962 milage was 9.25We joined the Teamsters Union in 1974 at the small airfreight forwarder where I was working. We went from $4.00 per hour to $6.49 per hour. Pretty good money for someone 23 years old in 1974.
Said the septuagenarian.