I don't think anyone has denied that some of the multi employer pension funds are in trouble at least I should say I haven't. I think you mistaken that if you unionized your company automatically starts paying into a multi employer fund or your dues somehow go to propping up those funds which is not even close to the truth.The pro crowd will tell you that they all have good pensions and that it's only the CSPF that is in trouble. Unfortunately, that is not the case. I am aware there are a handful of funded pensions out there. But the truth of the crisis is real. There are a lot of people effected.
No one in xpo is going to get into a multi employer pension fund.. ain't happening. No way no how. End of conversation on that point. And further my money or anyone else is going to pay into such a fund. Why would we negotiate ourselves into that?
The 2 likely options would be an enhanced 401k or a single employer paid pension involving xpo employees only. Or a combination of both.
This bs with us entering into a multi employer fund has to end. Why we agree to that ? We knew going into this that we had little to no chance of getting a pension of that type.
There is a lot of misinformed statements made here and I surely understand the skepticism. I don't mean to jump on anybody with this but if your going to put stuff out there to make a point with all due respect know what your talking about.
I am not the debating type but I do see the value of doing here for some. I am not focusing on Highspeed and I apologize sir if it seems that way.
I value your input . We are not a bunch of misinformed people hoping to get something unrealistic that voted for the teamsters. We will hold them just as accountable as anyone else.
The economic part of are negotiations will take place this fall. We will negotiate are wages and benefits including retirement at that point.
We WILL get a contract that benefits us all. I am totally confident in that.