This thread is almost comical if it wasn't so sad.
WE (YRCW current and former employees) had a choice to refuse the givebacks in '09 and the MOU's that followed by voting NO unanimously. NOBODY wanted to stand together and tell YRC NO. The attitude was save your little piece of earth, work schedule, weekly paycheck ....etc. and we will get it back eventually. NOW it is coming full circle back at us and people are realizing the givebacks including pension contributions are lost forever. NOBODY seemed too worried about the $5.63/ hr. or $225/week we lost in pension contributions back in '09, it was out of sight out of mind. The only concern at the time was the 15% giveback and the lost vacation time with those that had it.
CSPF has been under control of the Federal Government (Dept. of Labor) since 1982 and still is, so exactly how does anybody think we could have done anything differently to regain control of the fund or change the direction of its investments ? Many of the major players that worked for the investment companies that ***** us with crazy fees and questionable investments are now involved with the present Presidential administration, so what is going to change with CSPF going forward ? Better yet go to a 401k and get back to me in 30 yrs. and let me know how your $75/week company contribution added up for you.
Decertification will fix everything, grab your ankles and be prepared for wages and benefits to drop even lower afterwards and the non-unions will follow. The wages and bonuses of the top dogs in management will only increase more then.
Maybe it is time to reassess yourself, cut your losses and bail from a YRCW company, unless you enjoy misery of course.