Actually 30% was a low amount compared to a lot of other locals. I am ready to lose 66% of mine or $ 28000 a year. Thank God for this bill.
Yellow | Great Day For Teamster Retirees, Present & Future!
- Thread starter Kennesaw Kid
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You will get back pay for all of your reductions, your pension will be completely restored.
Chain Baster
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We are a 'right to work' state here. If the company ever offered a % 401k match, many drivers may tell the Teamsters to F off.
And that is part of the problem. Pension plans in general were not designed to pay out benefits for such a long time. Originally they were meant to provide funds for a much shorter time of retirement - say 65 till end-of-life not that many years later. All the changes starting payouts at a younger age and our longevity increasing has stressed the plans. The math just doesn't work.
And you would let the manage your money.Slap your self right now!!!!
Actually the withdrawal liability will not change till after 15 years.
Whoever told you that there are 40 guys over 60 in Milwaukee is exaggerating.
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And the same goes for Social Security. When it first came about you were eligible at 65 and life expectancy was 67. Speaking of SS, it's over $16 trillion underfunded, didn't get a nickel while the dems had the money bazooka out. That's old candy, funding that doesn't buy new votes.
choppernut
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No chance
irish6820206212
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will we be made whole the two years of not paying in i have papers saying you may have had a break in service cspf has never made it clear
VICTORY: PENSION PROTECTION PASSES THE U.S. SENATE!
We did it! The Butch Lewis Emergency Pension Relief Act has passed the U.S. Senate and is expected to be signed into law within a week.www.tdu.org
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What part of "as of the date of enactment" don't you understand?
1) IN GENERAL.—The amount of financial assistance provided to a multiemployer plan eligible for financial assistance under this section shall be such amount required for the plan to pay all benefits due during the period beginning on the date of payment of the special financial assistance payment under this section and ending on the last day of the plan year ending in 2051, with no reduction in a participant’s or beneficiary’s accrued benefit as of the date of enactment of this section, except to the extent of a reduction in accordance with section 305(e)(8) adopted prior to the plan’s application for special financial assistance under this section, and taking into account the reinstatement of benefits required under subsection (k).
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If you don't want your benefits reinstated, with back pay, I'll take it!!!!!!!!!!
I’ve heard that about you.
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Page 562 of house bill. Ask the dead beats from Upstate NY, they are getting $67,000 in back pay. Won't be a lump some, that would put them in a higher tax bracket. God forbid the tax payer get some of their money back.
What do younger members get a continuation of 25% contribution rate and a small reduced pension screw the new people. It's so depressing hearing fellow drivers talking about retiring pensions while I don't get one.
Freight Shaker
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Do you still need a minimum of 20 years in before you can collect? Or some amount of minimum years in?
Not for you! You retired at 54, after a 63 yr career as a Teamster. You're special!!!!!!!!!
Sorry I don’t know call and ask so you will have answers to your personal situation
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Most people would thank me if I told them they were getting back pay and their pension cut reinstated. You had no call to get snippy with me, an apology is in order. Go to "pension tsunami" one of the articles mentions how fat, dumb and happy pensioners will be because they are getting back pay.