This is some of the biggest myths about how a pension fund works. The money for our pensions has already been paid over the years we have worked. That money was supposed to be invested prudently to provide retirement income for us. This is where the fund failed in their fudicuary duty. The fund did not and still does not run a pension plan they are running a PONZI scheme. in our case the PONZI scheme relies on the active workers to pay the benefits of the retired. This is why CSPF is failing! Deregulation , less union employees and the lack of organizing by the union have nothing to do with the loss of our pensions!!!!
Yellow | Thomas Nyhan Received Pay Raise in 2014!
- Thread starter UTR906
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He'll probably get another one this year!While we are struggling with givebacks, pension cuts etc. Mr. Nyhan received a raise last year for his "efforts".
Look at the figures:
2013
H&W Fund 411,646
Pension Fund 250,414
662,060
2014
H&W Fund 426,481
Pension Fund 268,305
694,786
Some have ask will Mr. Nyhan take a pay cut when he cuts our pension?
Yea, sure he will,
"When pigs Fly!!"
skullcramp
Government Seal
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I've said it more than once, I'll say it again, you guys have to listen to talk radio. Real Americans are sick and tired SICK AND TIRED of of us communistic socialists depending on the gummint to solve our problems . All pensions are paid by taxpayers, thats why they call them pensions and another thing, YOONYUN pukes have never worked a day in their lives. I heard it on the radio so its true!!!!!
I now return the thread to its rightful owner now where's my tinfoil hat?
I now return the thread to its rightful owner now where's my tinfoil hat?
I agree. It is called a "pay as you go" scheme, just like Social Security.
in central pa when i started at roadway we had a great plan . a RIP Retirement income plan . you had your own account and money was put in monthly . when you retired you could take the whole thing and a reduced monthly or give it back and take at the time i left $3500 a month
Ok we all agree on one thing, it is not our fault that the pension fund is in the mess that it is now.
But we are not without some blame. It is our fault that these money grubbing pukes were re elected time and time again. Many elections in our union has been decided by less than 50% of the members voting.
These pukes that have brought the wolves to our doors was elected into office by those that didn't vote. We need to clean house and start the long climb out if this hole that we have been thrown into.
Don't back down again we are fighting for our very lives. This is a battle we can't afford to take the high road on.
Demand the facts and the names of those elected officials in our government and union that screwed this thing up. And then we can vote them all out.
But we are not without some blame. It is our fault that these money grubbing pukes were re elected time and time again. Many elections in our union has been decided by less than 50% of the members voting.
These pukes that have brought the wolves to our doors was elected into office by those that didn't vote. We need to clean house and start the long climb out if this hole that we have been thrown into.
Don't back down again we are fighting for our very lives. This is a battle we can't afford to take the high road on.
Demand the facts and the names of those elected officials in our government and union that screwed this thing up. And then we can vote them all out.
Muler you can but us retirees don't have say in it but we are the ones taking blunt of it I've spoke to a few of my friend that retied like me and down and depress don't know how there going to make it with the cuts that are coming. Most of them are in the 70s range there sick and tired and they very few business out their that want them because of age and health.