Not really. Those already collecting got the slowly sinking boat. Anyone under 62 or so swims with the sharks and barracuda.
I would rather be in the water than with those selfish bas—-ds that think their lives are worth more than those that are still
working ! What’s left of the pension fund should be divided and paid out now .
Go to a “Save our pension “ meeting Canary , and pay attention you’ll find out quick that the retirees will volunteer you for a cut in a heart beat . But if you say something about equal sacrifice they’ll turn on you like a bad dog ! A good man with 37 years was told he was “born late “ at one of these meetings . What I’m saying is true and you know it . Fellow Teamsters , yeah right . I stand by what I said . I’m surprised some retiree moderator hasn’t taken my message yet .Why sure!.....Why don't we divide it up by the amount of years worked? I got 41,.....how many you got?
Those "selfish bas---ds" are your fellow Teamsters.....the ones that negotiated and passed the pension plan......Not the ones that destroyed it. Many of those are....still working.
Its currently illegal to divide up the Pension. Plus it comes to a share of only a one time payout of approx $31,000 each. Not enough to retire on.I would rather be in the water than with those selfish bas—-ds that think their lives are worth more than those that are still
working ! What’s left of the pension fund should be divided and paid out now .
You've got ZERO in CSPF- so its irrelevant how many you have.Why sure!.....Why don't we divide it up by the amount of years worked? I got 41,.....how many you got?
.
CSPF RETIREES “We ain’t takin no cuts “. Thomas Nyhan “ You will in 2025 like it or not “You've got ZERO in CSPF- so its irrelevant how many you have.
You've got ZERO in CSPF- so its irrelevant how many you have.
CSPF RETIREES “We ain’t takin no cuts “. Thomas Nyhan “ You will in 2025 like it or not “
And what would prevent any other Teamster,...who's in the CSPF,....from using that same example? Is it still irrelevant?....or do you just want me to shut up?
Yes,.....they will.....if the PBGC is still solvent. And if it isn't, due to Congressional inaction,.....the "cut" will be ...zero. For everyone.....
As you know,...the Treasury Dept. rejected CSPF's rehabilitation plan.....Didn't cut far enough, they said.....
The Treasury Department conducted the vote count here in W. Penna. There were roughly 2,500 votes to cut the pension,...9,000 votes NOT to cut the pension,......
....and then under the...peculiar....... rules instituted by the Treasury Dept..........11,000 "did not vote"s.........which the Treasury "interpreted" as..."Yes"...votes....To cut the pension....
First time in history, I'll bet....that the non-votes,...people who didn't vote......determined the outcome of the elective choice......
Frankly,...many of us have a hard time accepting that 11,000 participants did not vote....This was a very hot issue in W. Pa. The Pension meetings were overflowing......
And those of us that have asked for the report from the Independent Auditor who supposedly conducted the vote,....were told we must file a FOIA request to get the report......
Does the Treasury Department have the participants of the CSPF's best interests at heart?,........or any Multi-employer fund's participants?
Rodbolt,....you're going to have to see past the anger.....The retirees,...(in any plan,...jimmy g...) helped negotiate these benefits,....were promised these benefits,....and,....until the financial collapse of 2008,....the Union allowing UPS to "buy-out",...and YRC to stop making payments......TWO unforseen occurrences that were created and allowed by Union leadership.......
.....the Fund was getting by,....and just like our Fund ,...was reasonably solvent...
..until all those(created) circumstances came together in a perfect storm,....to kick the legs out of the Funds.
Was it the retiree's fault? Was it the currently working employee's fault? Is someone trying to deflect your anger away from the...true culprits.....and onto your Teamster brothers?
Congress,...in MY Opinion,...was culpable in the 2008 financial collapse,.......The Teamster Leadership,....and UPS and YRC management conspired to create intolerable conditions for the CSPF......
....and we're being told that those "responsible"....are either the retirees,...or the currently working employees.
I guess I got too real , nobody has anything to say . This situation is outrageous and absurd . There are people who are responsible , accountable, but they won’t be punished. Look at history this has happened before . Please think , don’t just put your heads down and take it !
If you'd actually read the MEPRA Rules, you'd know the member's votes mean nothing during a cut by the Treasury. Treasury has the right to overrule the vote, even if it was unanimous against cuts.
Read the MEPRA Rules. Treasury is required to HAVE a vote, but not required to follow the outcome. Treasury can and will overturn an election, as they determine whether or not they can deem the Fund savable.Ahh,......Thank you for Imparting that Pearl of Wisdom.........May I ask an Impertinent Question then?.....
Why the Hell did they bother to have a Vote?
Read the MEPRA Rules. Treasury is required to HAVE a vote, but not required to follow the outcome. Treasury can and will overturn an election, as they determine whether or not they can deem the Fund savable.
You know all that. We've discussed it in the past, but you like retelling the story. Makes you seem like you're a victim.
Again......Why bother with a vote? Merely to have the ability in the future to say: " Well, you guys voted for it..."?.
My answer is- I don’t know. My guess would be that a symbolic vote had to be included in the Bill for it to gather enough votes to pass. Even though it passed, attached to the Must Pass Continuing Resolution End of Year 2014 Spending Bill. Politics in DC....
Treasury sometimes has to force thru unpopular cuts for funds to pay members beyond the current Retirees. All for One, One for All used to be the Motto...