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Cspf $12.7 B. Sept. 30,2019

Discussion in 'Central States Pension Fund Discussion' started by UTR906, Dec 11, 2019.

  1. UTR906

    UTR906 "There Is No Armor Against Fate"

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  2. Jaloc

    Jaloc Well-Known Member

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    https://www.forbes.com/sites/ebauer...es-pension-plan-is-fully-funded/#7a18d4c44134

    Central States (Teamsters)'s efforts to improve its funding status were significantly hampered by the departure of the UPS employees in 2007. This drop-off is plain to see here. Currently, only 16% of their plan participants are active employees. Central States Joint Board also saw significant drops in the percent of active employees in the mid-2000s but the available data doesn't explain the cause.

    UPS should have never been allowed to leave the fund. Yellow should not have been allowed to buy Roadway and USF Holland imagine if there were still contributing at full rates. Union can't organize anyone to pay into fund.
     
  3. jimmy g

    jimmy g Kook

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    You’ve got a lot of should haves there. If Ifs and Buts were candy and nuts, what a Merry Christmas we’d all have.

    UPS lived up to the Contract and paid Withdrawl Rates.

    If the Fund can’t make money in these financially historic times, what happens when a recession eventually happens????
     
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  4. canaryinthemine

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

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    The "should haves" are based on what normal operation of a pension fund....should have been.....if we had leadership that was looking out for the long-term well-being of the rank-and-file....

    Hard to believe that negotiating away the two largest sources of funding,....served the member's interests.
     
  5. Jaloc

    Jaloc Well-Known Member

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    UPS didn't live up to the contract and paid withdrawal rates they got the deal of a lifetime! UPS only paid around 10yrs of pension payments to leave the fund. Worst part was how the fund gambled the money in stock market poof its gone no one held accountable for this nightmare.
     
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  6. Jaloc

    Jaloc Well-Known Member

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    YRC pays 25% rates, ABF contribution rates frozen, Jack Cooper hybrid plan, Kroger out of the fund, UPS out of the fund, Standard Forwarding lower contribution rate and all the smaller companies allowed to pay less too.

    Why should the government loan the fund money or bail us out instead of making these companies pay full rate?​
     
    Last edited: Dec 27, 2019
    pltjack likes this.
  7. buffalobill

    buffalobill Well-Known Member

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    Most of the companies that you listed have large amounts of nonunion competition with no pension costs, pathetic health insurance plans, and work rules that consist of "take it or leave it."

    It's a lousy situation, but if you prefer to work in a union shop, you can only price yourself so high. Carhaulers keep taking a hard line on their contract, and the costing of their contract makes it easier for the nonunion competition to weasel their way into work.

    I don't know what it looks like to you, but union carhaul looks to me like they almost don't exist on the East Coast. lots of off the boat immigrants willing to haul foreign cars out of the ports for cheaper than union scale.


    How much does brothers, United road, Moore transport, Virginia, and the thousands of 3 car haulers behind pickups pay into the pension? Oh yeah, NOTHING....
     
  8. Jaloc

    Jaloc Well-Known Member

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    Where are the Democrats the Union keeps telling us to vote for? Couldn't reintroduce regulation?
     
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  9. buffalobill

    buffalobill Well-Known Member

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    They never would, their donors are rich too..... Buttegieg is the only candidate that said anything coherently pro labor, he wants to repeal the 1947 Taft Hartley act, that took away all organized labors leverage to sign up new shops.

    But in 2020, no one would even know how to pull off a secondary strike, you can't get guys to strike now....
     
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  10. Freightmaster1

    Freightmaster1 Well-Known Member

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    Not like the "good old days"!
    https://www.truckingboards.com/bb/threads/shades-of-1970-and-1994.90233/
    :bananag:
     
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  11. Freightmaster1

    Freightmaster1 Well-Known Member

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    [​IMG]
    :6788:
     
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  12. buffalobill

    buffalobill Well-Known Member

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    I can't believe the dnc still pretends to be pro labor, their lip service is no better than the gop anymore.

    And how many of these democrat stronghold states have passed card check legislation? Seems like they care enough about pot and illegals to disobey Federal laws, but helping out unions is just a bridge too far, huh?
     
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  13. jimmy g

    jimmy g Kook

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    They didnt pass it because card check is horrible law. Voting is a personal, private right, not to be messed with.
     
  14. buffalobill

    buffalobill Well-Known Member

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    Sure it is, that's why companies never intimidate, bully, or fire guys during organizing drives, right?
     
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  15. jimmy g

    jimmy g Kook

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    Card check is horrible law. Voting is a personal, private right, not to be messed with.
     
  16. buffalobill

    buffalobill Well-Known Member

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    You keep saying that as if you have first hand experience, if you'd been through it, you'd know just signing a card is a vote. Companies have moles, theyll send along for fake support. They show up at organizing meetings, and take a list of everyone there, and who's signed cards. Next thing you know, union supporters start getting canned, laid off, harassed, abused, etc....

    Card check is horrible to you because its what you heard. Ive been in it first hand, if you really believe voting is a personal private thing, then you wouldn't support what companies currently get away with.

    Besides that, you are missing my point about the dems fake support of working men....
     
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  17. canaryinthemine

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

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    Teamsters tried to organize Overnite for.....how many years? Got nowhere,....much company intimidation........
    UPS bought Overnite,....Contract had card-check provision for any purchased company,......
    Overnite organizes nationwide inside of 4 months.....with a card check......Overwhelmingly, I might add......

    A Card-Check is a Vote for Union representation............Minus Company Intimidation.
     
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  18. jimmy g

    jimmy g Kook

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    Unions do it to people, same as companies. I've had that experience. Card check is horrible law. Voting is a secret process, and personal, not public.
     
  19. buffalobill

    buffalobill Well-Known Member

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    Unions dont do it the way the companies do, and you know it. This isnt "on the waterfront".
     
  20. jimmy g

    jimmy g Kook

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    In My experience, they do. Well just have to disagree. Voting is a secret Right. Card check is a horrible law.
     

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