almost13ranch
Abitiose sed ineptum
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And not all financial advisors are like him.
Yellow | Memo To All Employees From YELLOW CEO!
- Thread starter Freightmaster1
- Start date
So if we go to smaller trucks does that mean the driver would take a cut in pay??
Steward of the Rock
TB Veteran
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Steward of the Rock
TB Veteran
- Credits
- 444
And to forget that you will also have to use a “size appropriate“ 2-Wheeler.No, but you will have to hire smaller drivers!!!
I agree, govern by the same union!!!!!
I sure can. the companies financial liability to a 401k plan is over with each pay period when they deposit their retirement contribution to each employees 401K account. There is NO unknown liability In the future. The companies financial liability to a pension is hanging out there and unknown as it promises to pay money into many years in the future. If the number of active employees that are part of that pension plan become smaller than the number of retirees that are receiving benefits from that plan then you have something called an unfunded pension LIABILITY. This is a very real example of a liability that was unknown at the time companies signed a contract years ago and this unknown liability can get even worse over time as it has. It was unknown to the employers as to how many other union companies would cease to exist which then causes them to assume that liability. Another example is when the investments of the pension fund underperform what is projected. if the projection was to achieve a 6% return on investments for a given year, but due to the market, only a 3% return is achieved, the companies liability just increased. And yes, these liabilities hanging out there can cause a business to financially fail, UNLESS the government chooses to keep bailing them out.
Cab Lizzard
TB Veteran
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One should get a copy of all hours paid into your fund.
Request from your pension fund administrator explanation of benefits booklet
My fund ( Western States ) has a person who you can make an appointment with that comes to the local once a month.
They will bring all the papers needed and a few different plans to choose from. All will have a dollar amount that you will receive monthly until your last breath.
Its kind of a hard decision but myself I would rather leave on my terms rather than be number 1 on the seniority list and croak before your first check. Many of my Teamster brothers stay because thats all they have known their whole working life. Many need the insurance and many are just flat broken and warn out.
YRC used to be a very good company to work for 35 years ago when George Powell ran the show.
Its been down hill ever since........ Starting with his kid up until today.
Do things between the union and the company need to change ? Yes But not with them shoving their BS down your throat.
Screw the clowns in Tennessee come to the table and work it out..
After everyone is brought back to full scale and full pension with a way to make up for lost contributions. Then figure out their Super Regional horse :
: idea.
Yellows history is playing out today their Shrink To Fit mold. Done it with every trucking company they have bought.
Pillage what they want and sell what they can then flush the people down the drain ...
Request from your pension fund administrator explanation of benefits booklet
My fund ( Western States ) has a person who you can make an appointment with that comes to the local once a month.
They will bring all the papers needed and a few different plans to choose from. All will have a dollar amount that you will receive monthly until your last breath.
Its kind of a hard decision but myself I would rather leave on my terms rather than be number 1 on the seniority list and croak before your first check. Many of my Teamster brothers stay because thats all they have known their whole working life. Many need the insurance and many are just flat broken and warn out.
YRC used to be a very good company to work for 35 years ago when George Powell ran the show.
Its been down hill ever since........ Starting with his kid up until today.
Do things between the union and the company need to change ? Yes But not with them shoving their BS down your throat.
Screw the clowns in Tennessee come to the table and work it out..
After everyone is brought back to full scale and full pension with a way to make up for lost contributions. Then figure out their Super Regional horse :
: idea. Yellows history is playing out today their Shrink To Fit mold. Done it with every trucking company they have bought.
Pillage what they want and sell what they can then flush the people down the drain ...
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almost13ranch
Abitiose sed ineptum
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Tens of millions of people are able to plan and successfully retire without a pension, some by themselves and some with help. It’s possible to do this and there’s help available. If you want someone else to make the decisions for you, that’s your right to make that choice. All pensions are invested in the stock market, that’s how they try to earn a return. I personally can call and talk to my financial advisor at anytime. Can you call and talk to who is responsible for your pension investments? We, my advisor and myself together, make decisions that make sense for me. I ALWAYS have the right to say no to any advice that I don’t like and ask questions about things I don’t understand. It truly isn’t that hard.
ShutterDown
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Come on your dealings with people that think Joe Biden is a leader, they can’t plan for nothing. Democrats!!!
oldschool12550
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its all about this
Puff Driver
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No Black Rock is the biggest.
The teamster funds are a liability not an asset
Puff Driver
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The same can be said for government, unions, religious organizations, Non Profits and the Girl Scouts.its all about this
Puff Driver
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I'd trust Vanguard, Schwab or Fidelity way before I'd trust a union with my retirement.
Those fols sknow how to make $$$
Unions know how to steal $$$$
Plus I keep all of my contributions & growth when I kick off my estate gets the remainder. Unlike a union pension
Cab Lizzard
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And what about if you got into this long before 1978. They're were NO 401s until congress dreamed it up.
Youngsters have NO idea why things in this great Union are the way they are.
Their are reasons why work rules are bargained for
Steward of the Rock
TB Veteran
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Here is a drawing of ours at ABF. It is perfect for loading our 26’ Mobile Platforms on their end. Not so perfect for overpasses or power lines!!!
almost13ranch
Abitiose sed ineptum
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What about if I got into it long before 1978? I didn’t have control of what congress did in 1978. The fact is that you still can do those things for yourself no matter whether you have a pension or not. To say that do don’t know enough to to that is disingenuous. There are resources available and it’s successful everyday.
Don’t lecture me about “youngsters”, you have no idea.
I follow Smoke’s example. Through Schwab and JPMorgan I have self directed investments along with managed investments at JPMorgan. I rolled everything from the company 401k into IRA’s and away from my employer’s investment option. With the market going through it’s roller coaster, I still made over $1500 yesterday. For democrats that is in one day. Try to diversify between management and self directed investments. How much in each is up to your risk level.
As far as the union control I can’t comment because I don’t receive a union pension. But the union’s were organized by Hoffa Sr to give rights, benefits and better wages for the working man. That I agree with. Yes I was a Teamster way back in the 80’s. The result of deregulation gave rise to the non’s and today if it wasn’t for the union back in the day, our wages and benefits wouldn’t be squat.
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