How about a National Pension Plan for all citizens merge every pension fund into a national plan for everyone!
Sounds like you're a big supporter of Alexandria Ocasio-Cortez.
How about a National Pension Plan for all citizens merge every pension fund into a national plan for everyone!
How about a National Pension Plan for all citizens merge every pension fund into a national plan for everyone!
How come so many on here bash the Democratics, aren’t they for “the working class”Sounds like you're a big supporter of Alexandria Ocasio-Cortez.
Pay close attention to how many republicans will vote to save our pensions. Bailouts for banks, corporations and corporate welfare- no problem. Union truck driver loses his pension-who cares.How come so many on here bash the Democratics, aren’t they for “the working class”
An easy way also to show an example is Google the union carriers that went out of business from 1982-2003... A bunch.I remember very clearly in 2003 when CSP had meetings with all members the guy at are meeting said “ the Teamsters have been experiencing declining enrollment since 1986 when 3 workers were paying in for 1 retiree, at this time there are 3 retirees for every worker”
but if you remember just prior to that the payouts were increased because of “OVER FUNDING” Now I am not a mathematical engineer, but why would you increase payments if you were taking in less? There is an answer to this and why it happened ( I know the reason) hopefully some one will chime in and back up my question?
It is strange how we forget important details.
Maybe I should share my paycheck and 401k with you, too?
That's a big 10-4 highheadblues!Pay close attention to how many republicans will vote to save our pensions. Bailouts for banks, corporations and corporate welfare- no problem. Union truck driver loses his pension-who cares.
The IRS disallowed over funding about that time. They were greedy, saw no one paying taxes on it, and demanded their share of the pie. Ordered overfunded pensions to either lower the employer funding of the plan, or increase payouts. That's when CSPF started 25 and out at any age, and 30 and out at any age. I know guys that took $3,000 @ month at age 48. Thats unsustainable.I remember very clearly in 2003 when CSP had meetings with all members the guy at are meeting said “ the Teamsters have been experiencing declining enrollment since 1986 when 3 workers were paying in for 1 retiree, at this time there are 3 retirees for every worker”
but if you remember just prior to that the payouts were increased because of “OVER FUNDING” Now I am not a mathematical engineer, but why would you increase payments if you were taking in less? There is an answer to this and why it happened ( I know the reason) hopefully some one will chime in and back up my question?
It is strange how we forget important details.
Works in NorwaySounds like you're a big supporter of Alexandria Ocasio-Cortez.
Works in Norway
Can't they have a really restrictive immigration system unlike here where we will soon be the Latino States of America.When are you moving there?
They increased payments ,so not to give it back to the employers ,A fully funded fund has to either dole out the benefits to membership or back to employers,Thats the law and it sucks!!I remember very clearly in 2003 when CSP had meetings with all members the guy at are meeting said “ the Teamsters have been experiencing declining enrollment since 1986 when 3 workers were paying in for 1 retiree, at this time there are 3 retirees for every worker”
but if you remember just prior to that the payouts were increased because of “OVER FUNDING” Now I am not a mathematical engineer, but why would you increase payments if you were taking in less? There is an answer to this and why it happened ( I know the reason) hopefully some one will chime in and back up my question?
It is strange how we forget important details.
Or lower employer contributionsThey increased payments ,so not to give it back to the employers ,A fully funded fund has to either dole out the benefits to membership or back to employers,Thats the law and it sucks!!
If you've been retired on a Teamster pension for as long as I think you have, you most likely know that your pension check is being funded by your fellow Teamsters who are working now but most likely to never see a pension check if they are more than 10 years from retirement.Good idea El, can we go by seniority?
Just deposit mine in the Cayman Account, I think you have all the info.
No argument here, plus PIE paid in on me 35yrs , actually 33yrs, we didn't go union till 57.If you've been retired on a Teamster pension for as long as I think you have, you most likely know that your pension check is being funded by your fellow Teamsters who are working now but most likely to never see a pension check if they are more than 10 years from retirement.
Enjoy
You done nothing wrong !!No argument here, plus PIE paid in on me 35yrs , actually 33yrs, we didn't go union till 57.
Just curious, AmI being faulted for drawing this check?
Not in my book, my friend. The prospects for current Teamsters, are bleak. But that is in no way a responsibility of those who are currently receiving pensions. To quote a wise "Vulcan" "Live long and prosper"!No argument here, plus PIE paid in on me 35yrs , actually 33yrs, we didn't go union till 57.
Just curious, AmI being faulted for drawing this check?