What's new

Yellow | Great Day For Teamster Retirees, Present & Future!

GO40 said:
I say we not pay China back for the destruction they caused not only here but globally....Let them pay for the relief packages....We owe China & 1.063 trillion
Click to expand...
Whether we like it or not they own us when it comes to debt.
As for whether you are good or not with another stimulus our previous administration added more to the debt with stimulus than the present... So far... Do you remember they put out two stimulus packages.
 
I don't see me getting a dime of that 87 billion dollars because my pension was was never under funded but I did take a major hit when Yellow slashed the pension contribution by 75% Now my pension only increases about 14 dollars a year
 
Last edited:
This is the first timeline I have seen on it so far from the Teamsters pension crisis on Facebook


160995861_10225356418967348_6792152005101942857_n.jpg
 
Another post from the Teamsters pension crisis from Facebook


Teamsters Pension Crisis
*"Note: Two withdrawal liability provisions in the House-passed legislation were removed in the Senate because of the budget reconciliation rules. The first related to the effect of the special assistance on an employer’s withdrawal liability. The House-passed version provided that the financial assistance was not considered in calculating an employer’s withdrawal liability for 15 years immediately following the receipt of federal aid. The second change related to withdrawal liability disclosure requirements for plans that received financial assistance. The House bill required that a plan receiving financial assistance annually disclose an employer’s withdrawal liability taking into account the special financial assistance and provide a statement that the plan would have sufficient resources to pay all benefits through 2051.
The absence of withdrawal liability directives in the final legislation raises many questions for plan sponsors and employers moving forward. The legislation permits the PBGC to issue withdrawal liability conditions for plans that receive special assistance, but the scope of this authority has been interpreted differently by plan professionals"* THAT LAST SENTENCE WE HOPE IS NOT A PROBLEM..
 
jimmy g said:
Marx wanted a quick, violent change to Communism. Lenin knew he couldn't gain power saying that, so he invented the term Democratic Socialism to mean the exact same thing. That's what Democratic Socialism is- Communism by another name.
Click to expand...
Further, the same happened in the USA. Communism couldn't get a foothold here in 1900, so it was called the Progressive (slow to change to Communism) Movement. Lenin said that whoever controls HealthCare and Education controls everything. That's why Michelle Obama stated "Barack knows we have to change our culture, have to Change our History"....

The bailout needed to happen. Either government bailed out our retirement pensions, or they would have retirees on government bailout welfare programs. I'm not against the bailout. But I am against calling it fixing things because it doesn't fix anything in the end.
 
Ya'll retire. I'm need Yellow to stay alive long enough to get back to work. Once I am back, All the years on ESL disappear to new employers. I've actually picked up like 126 positions on the board while on ESL. Being able to return into a nice bid would be great. Having a known schedule makes it easier to do.
 
You must log in or register to reply here.
Top