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Thread: How They Do It Elsewhere

  1. #1
    Taking A Stand!!!

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    Default How They Do It Elsewhere

    THE United States can boast that it has the world’s best basketball players, fighter jets and country and western singers. But hardly anyone would ever boast that the United States has the world’s best retirement system.
    Fifty-eight percent of American workers are not even in a pension or 401(k) plan. The Social Security system faces the threat of a huge shortfall. One-third of America’s retirees get at least 90 percent of their retirement income from Social Security, with annual benefits averaging a modest $15,000 for an individual. And just ask any participant in a 401(k) plan about the scary roller-coaster ride of the last six years.

    Scores of other countries have elaborate retirement systems, and some of them avoid the biggest pitfalls of America’s retirement system.
    http://www.nytimes.com/2013/05/15/bu...nted=all&_r=1&

  2. #2
    I Am Rocking Now

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    Default Re: How They Do It Elsewhere

    I'm told I didn't plan better, wasn't counting on my pension to get raped by Godless crooks!!! By the time I can retire (65) 2023 I'll have about 18yrs paid into a pension, 14 years paid into a 401k and SS, not sure how much that'll rake in, can't save any money living paycheck to paycheck, don't think I'll be retiring to any exotic places or playing on any fancy golf courses when I retire.

  3. #3
    Taking A Stand!!!

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    Default Re: How They Do It Elsewhere

    Quote Originally Posted by Kickass View Post
    I'm told I didn't plan better, wasn't counting on my pension to get raped by Godless crooks!!! By the time I can retire (65) 2023 I'll have about 18yrs paid into a pension, 14 years paid into a 401k and SS, not sure how much that'll rake in, can't save any money living paycheck to paycheck, don't think I'll be retiring to any exotic places or playing on any fancy golf courses when I retire.
    Husband has only been a teamster since 2006. Then we had the two year layoff which cleaned out our 401K. I suspect he is going to be driving a truck for a very long time and I will be cleaning houses until I drop dead unless I can finally get back into office work.

  4. #4
    I Am Rocking Now

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    Default Re: How They Do It Elsewhere

    Quote Originally Posted by ABFwife View Post
    Husband has only been a teamster since 2006. Then we had the two year layoff which cleaned out our 401K. I suspect he is going to be driving a truck for a very long time and I will be cleaning houses until I drop dead unless I can finally get back into office work.
    Teamster since 84 but 1st couple of union jobs didn't have pension contributions, wasn't until I got on at yellow that I learned about pensions. 06??? Hopefully yrc can't acquire ABF, that would suck for you an hubby.

  5. #5
    Scab Hating Union Thug

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    Default Re: How They Do It Elsewhere

    Quote Originally Posted by Kickass View Post
    Teamster since 84 but 1st couple of union jobs didn't have pension contributions, wasn't until I got on at yellow that I learned about pensions. 06??? Hopefully yrc can't acquire ABF, that would suck for you an hubby.
    I have to agree with you there Kickass. YRCW will do nothing but suck the life out of another strong company. They did it to Roadway and Yellow and ABF would be the same. They want nothing more than to turn us into an "Old Dominion" type company.

    I hold the IBT directly responsible for the anemic attempts or lack there of in organizing anyone in freight. UPS Freight does not count as that was a "token" victory. They nail down Fredex and Conjob then I willl change my tune.

    The "pension" is what turned me to Yellow. 2nd generation and have been a member since 1985.
    Last edited by 222lifer; 05-19-2013 at 02:42 PM.
    ABFwife likes this.

  6. #6
    I Am Rocking Now

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    Default Re: How They Do It Elsewhere

    I have to say our pension at my local is in very good shape , we get our statements every quarter mailed to us and we are doing very well , but we also do not participate in any multi-state or multi pension plans , which is very smart on our part , also we have a very good annuity plan , we get $10.00 per hour for our annuity , my friend retired last month after putting in 25 years , on the day he signed his retirement papers , his annuity check was waiting for him , it was $317,000.00 , I think he locked it in a cd for 1 year so he could save on taxes , I believe if you take it as cash you loose 20 percent in taxes but if you roll it over for 1 year , I think it's only 15 percent in taxes .
    ABFwife and 222lifer like this.

  7. #7
    Retired !

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    Default Re: How They Do It Elsewhere

    Quote Originally Posted by UNION 282 View Post
    I have to say our pension at my local is in very good shape , we get our statements every quarter mailed to us and we are doing very well , but we also do not participate in any multi-state or multi pension plans , which is very smart on our part , also we have a very good annuity plan , we get $10.00 per hour for our annuity , my friend retired last month after putting in 25 years , on the day he signed his retirement papers , his annuity check was waiting for him , it was $317,000.00 , I think he locked it in a cd for 1 year so he could save on taxes , I believe if you take it as cash you loose 20 percent in taxes but if you roll it over for 1 year , I think it's only 15 percent in taxes .
    That is a nice amount to get, however with the cost of living in the metro NYC area, that money could disappear fast !
    I also turned to a Teamster job for the pension back in 1989. I needed healthcare, I wanted a pension and a good job that paid me for the work I did.
    Best decision I ever made.
    ABFwife likes this.

  8. #8
    Taking A Stand!!!

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    Default Re: How They Do It Elsewhere

    My worry is how many Teamster jobs will remain, at least in trucking for drivers to have a good pension and medical and good pay.

  9. #9
    Team Trouble Outa KC

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    Default Re: How They Do It Elsewhere

    None in 5 years or so our medical will drop and we will get the government coverage. The pensions are not coming back. Central states will go into federal control by the end of the year. And the teamsters won't organise another trucking company ever again

  10. #10
    Taking A Stand!!!

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    Default Re: How They Do It Elsewhere

    Quote Originally Posted by DarkstarsDad View Post
    None in 5 years or so our medical will drop and we will get the government coverage. The pensions are not coming back. Central states will go into federal control by the end of the year. And the teamsters won't organise another trucking company ever again
    I very sadly think you are right.

 

 
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