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Pension really fixed, not so sure

ABF381

Well-Known Member
Staff member
Super Moderator
Premium
It's like my neighbor losing his job and a law being passed forcing me to pay his mortgage.
It's amazing how people on this board will scream about corporate welfare and government waste and then justify the pension bailout. One does not justify the other. Strange how it's only wrong when someone else benefits but just fine when it's you who gets paid.
I snipped some of it because its things that have been talked about. Anyway I will start with your analogy about your neighbor. Let's say your other neighbor on the other side works at ABF. Contributing at full rate. He is 50 and has been in the fund for 20 years. What you are saying is your neighbor can keep putting money in a fund and you keep collecting and paying YOUR mortgage with money he put in and you are ok with that. In your opinion he shouldn't get anything even though we all know the fund will be bankrupt
soon and he is still contributing. Screw him you got yours. Doesn't this strike you as socialist? He is giving you money, you are taking it, and he has no choice. Sounds socialist to me. Corporate Welfare and government waste do justify my thinking. What I have seen in the last year made me change my mind on that. I would have been happy with just a PBGC bail out but after watching both partys giving away money like drunken sailors it doesn't bother me anymore.
 

Razorblade

Active Member
I snipped some of it because its things that have been talked about. Anyway I will start with your analogy about your neighbor. Let's say your other neighbor on the other side works at ABF. Contributing at full rate. He is 50 and has been in the fund for 20 years. What you are saying is your neighbor can keep putting money in a fund and you keep collecting and paying YOUR mortgage with money he put in and you are ok with that. In your opinion he shouldn't get anything even though we all know the fund will be bankrupt
soon and he is still contributing. Screw him you got yours. Doesn't this strike you as socialist? He is giving you money, you are taking it, and he has no choice. Sounds socialist to me. Corporate Welfare and government waste do justify my thinking. What I have seen in the last year made me change my mind on that. I would have been happy with just a PBGC bail out but after watching both partys giving away money like drunken sailors it doesn't bother me anymore.
Socialism is GOVERNMENT taking from others to give to you. Like using taxpayer money to fund our $42,500 a year pension.
My YRC neighbor will get from the pension fund an amount commensurate with the amount paid in on his behalf. An amount agreed to by his bargaining unit. "He has no choice"? Really? My YRC neighbor made the choice to receive "free" healthcare today and then cry poor when his pension suffered years later. My YRC neighbor is not chained to that orange truck. He has employment choices. He also has the option of saving for his own future, it's called personal responsibility.
BTW: I know this will upset you but beginning Monday, August 2, I will be out of the country and unavailable. Your tutoring will resume in two weeks.
 

ABF381

Well-Known Member
Staff member
Super Moderator
Premium
Socialism is GOVERNMENT taking from others to give to you. Like using taxpayer money to fund our $42,500 a year pension.
My YRC neighbor will get from the pension fund an amount commensurate with the amount paid in on his behalf. An amount agreed to by his bargaining unit. "He has no choice"? Really? My YRC neighbor made the choice to receive "free" healthcare today and then cry poor when his pension suffered years later. My YRC neighbor is not chained to that orange truck. He has employment choices. He also has the option of saving for his own future, it's called personal responsibility.
I said your ABF neighbor who paid full rate...and the "free" healthcare is a separate account they are not intermingled whatsoever....but you know that...
 

Razorblade

Active Member
I said your ABF neighbor who paid full rate...and the "free" healthcare is a separate account they are not intermingled whatsoever....but you know that...
I know from the last 9 years of Preston that concessions are always negotiable. I also know that companies rarely complained about wage rates during contract talks but always complained about benefit costs and work rules. It's benefits and unproductive paid time that drove union companies out of business while companies like Old Dominion, Ward, Estes, Pitt-Ohio, the list goes on, remained profitable and provided job security for their employees.
 

Steward of the Rock

Well-Known Member
Socialism is GOVERNMENT taking from others to give to you. Like using taxpayer money to fund our $42,500 a year pension.
My YRC neighbor will get from the pension fund an amount commensurate with the amount paid in on his behalf. An amount agreed to by his bargaining unit. "He has no choice"? Really? My YRC neighbor made the choice to receive "free" healthcare today and then cry poor when his pension suffered years later. My YRC neighbor is not chained to that orange truck. He has employment choices. He also has the option of saving for his own future, it's called personal responsibility.
BTW: I know this will upset you but beginning Monday, August 2, I will be out of the country and unavailable. Your tutoring will resume in two weeks.
THANK GOD!!! Please stay longer so we don’t have to hear anymore of the BS you keep posting on here.
 
I disagree, nothing is definite but I see many guys switch to these other awesome places to work and no one quits and their work force is much younger, so there a new guy sits at or near the bottom. At Yellow/Holland guys are retiring and quitting constantly and a young guy can be half way up the board in 5 to 10 years, maybe less, something to consider.
Or maybe quicker. I was talking to an ABF driver out of their West Allis terminal. He's been there 14 years and he was #3 on their seniority list.
 

the5tolls

Wait till 2024....we'll show em!
Or maybe quicker. I was talking to an ABF driver out of their West Allis terminal. He's been there 14 years and he was #3 on their seniority list.
Thats hard to believe....that is a pretty established barn? I can remember it being there 30 plus years, what did that driver claim that everyone has retired?
Maybe he was talking a seniority list for the board he is on but not the whole barn? I know we have guys that say they are third on the open board but are 20th on the road board and like 50th in the whole barn....just guessing.
 

j-dawg50

Active Member
Wow that is an interesting comment.
Wall Street was to blame for pension problems?
I respect your comments KK , you need to brush up on that one.
The pension is just short of a Ponzi scheme. Those paying in while working help pay for one’s retired. PERIOD…….
Plan should never have have been Defined Benefits but should have been Defined Contribution.
Always amazed that a dock guy working 40 to 50 hours a week on platform for 30 years will get same pension as line haul working 6 nights a week for 30 years.
Every payment should have been each individual not collective pool.
Some pension plans were devastated from loss of paying members in areas that were harder hit by loss of manufacturing jobs and industrial jobs which resulted in fewer need of drivers and consequently less contributions.Not to mention loss of Teamsters jobs as a whole.
If pension money would have been structured that each employee had x amount of dollars for each hour or mile put in his or her account then the less you work the less you get the more you work more you get.
The operator union has a plan that is just like that. I know ok guys making 4,400 to 4,500 after 30 years. Everyone is different because of hours worked.
Simple solution everyone should plan on their own financial situation at retirement and not plan on SS or pensions. We have been hogwashed with a carrot shoved up the hogs rear end and been given a side of bull crap too go with it, plain and simple.
Truth!
 

slavenomore

US Gov Hears Foreign Corps More Than Nonunions
Premium
I would not take for granted any story by a site that is owned by Dow Jones. Wall St. is the one that caused this mess in 2007-2008 with our Pensions. Go to the central States Forum on here if you want to get ALL of the stories by those who have been fighting to save of pensions for over 7 years now.
Fake news is back in the news.
You are most probably correct.
What's theirs is theirs and what's yours is theirs if they can convince you.
 

slavenomore

US Gov Hears Foreign Corps More Than Nonunions
Premium
Wow that is an interesting comment.
Wall Street was to blame for pension problems?
I respect your comments KK , you need to brush up on that one.
The pension is just short of a Ponzi scheme. Those paying in while working help pay for one’s retired. PERIOD…….
Plan should never have have been Defined Benefits but should have been Defined Contribution.
Always amazed that a dock guy working 40 to 50 hours a week on platform for 30 years will get same pension as line haul working 6 nights a week for 30 years.
Every payment should have been each individual not collective pool.
Some pension plans were devastated from loss of paying members in areas that were harder hit by loss of manufacturing jobs and industrial jobs which resulted in fewer need of drivers and consequently less contributions.Not to mention loss of Teamsters jobs as a whole.
If pension money would have been structured that each employee had x amount of dollars for each hour or mile put in his or her account then the less you work the less you get the more you work more you get.
The operator union has a plan that is just like that. I know ok guys making 4,400 to 4,500 after 30 years. Everyone is different because of hours worked.
Simple solution everyone should plan on their own financial situation at retirement and not plan on SS or pensions. We have been hogwashed with a carrot shoved up the hogs rear end and been given a side of bull crap too go with it, plain and simple.
EVERYTHING is a Ponzi scheme.
If ya don't have customers paying in....you collapse.
Every business is a Ponzi scheme.
Think a little if you can.
 
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