Interesting. There must be are a lot of others in the same situation. It makes sense to me that the benefit would be split with liability for the Preston portion going to the Successor Plan and the liability for the Yellow portion staying in the Original Plan. I agree with you on eliminating the Reemployment Rules.
The proposed numbers for orphans are in it. 56 cents a month times number of years. Up from the now rates of PBGC of 30 cents. Proposed is $1680 a month for 30 years service. $1400 a month for 25 years. Those are cut and dried. The question seems more to be, what about those that are part orphan/part non-orphan.
Every Representative and Senator I've read responses from has mentioned 4 weeks to get something passed. That leads me to conclude both sides want a Pension Bill attached to the December Must-Pass Continuing Resolution Funding Bill. Much the same as MEPRA passed in 2014. Both sides want this behind them, with Elections 11 months away.
Why would anyone vote to put themselves into a failing pension fund? You would have to be a complete idiot to vote in a contract to put yourself in a pension fund that is on the brink of collapse. Taking money out of our health and welfare funds is the dumbest thing I’ve ever heard of! Let’s bankrupt the only remaining good bennies we got! Good thinking!!!!
Well then who are you kidding thinking the government is going to bailout the funds! Time to end the fund do a payout divided between all the members based on years of service.
Did I say the government was going to bail us out? That would be a big NO.
It's illegal to do that, unless Congress agrees. Besides, it only comes to about $30,000 per member for a one time payout. Try to live a lifetime on that.
Well then how are these plans going to be fully funded again if you can't get new companies to pay into it? So you expect taxpayers many who don't even get a pension have their tax money be used to bailout the fund that is not right either.
We have very little to say where the government spends our federal tax dollars.
The government had some responsibility for our funds being underfunded. Do you want your tax money paying for some one who works the system and won’t work, or help a guy who worked all their life with contracted wages going into a pension?
So who's at fault for the govt getting involved in the CSPF. Lets cut to the chase here. Now you have companies hat are only paying 25% and another freezing there amount in the latest contract. Right now the Teamster are not making any attempt to help themselves so why should the taxpayer
