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Thread: Hoffa, Union Leaders Call on Central States to Recall Pension Cut Proposal, Improve T

  1. #11
    Scab Hating Union Thug

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    Default Re: Hoffa, Union Leaders Call on Central States to Recall Pension Cut Proposal, Impro

    Quote Originally Posted by bean View Post
    Pension Reform: Obama signed this into law. Then Hoffa endorsed it. The politician you voted for twice threw you under der bus
    Damn beanus. You sure have a short memory. Or maybe no memory? Crazy was spot on.

    Sent from my SGH-T399 using Tapatalk

  2. #12
    Not So Fast Scabs

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    Default Re: Hoffa, Union Leaders Call on Central States to Recall Pension Cut Proposal, Impro

    Well I'd say Bush was the Lesser of the 2 evils....waiting till your 62-65 for a pension is 100% better than getting is SLASHED 66% like mine did even if I had to wait 21 years to get it.

  3. #13
    I Am Rocking Now

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    Default Re: Hoffa, Union Leaders Call on Central States to Recall Pension Cut Proposal, Impro

    Quote Originally Posted by BilyWamBam View Post
    Well I'd say Bush was the Lesser of the 2 evils....waiting till your 62-65 for a pension is 100% better than getting is SLASHED 66% like mine did even if I had to wait 21 years to get it.
    Have you ever appealed your disability pension??

  4. #14
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    Default Re: Hoffa, Union Leaders Call on Central States to Recall Pension Cut Proposal, Impro

    Quote Originally Posted by crazy View Post
    Although I do not like Obama how can you fault him for signing that massive bill in December that kept the government running??

    Had a long talk with a president of one of the locals I was in and he told me the whole thing about what Bush did to pensions.. One of the biggest was the age change and on how it was calculated.. [years of service plus age]I know quite a few at NewPenn that had to wait another ten years because although they had the time they didn't have the age..The government with both sides of the aisle want to put the final nails in the unions..

    https://en.wikipedia.org/wiki/Pensio...on_Act_of_2006
    If Cruz or Rubio was running the show they would have shut the government down and stick it to Obama. Boehner and McConnell are wimps and should be replaced. The union trustees make the call as to how age and service are calculated not the Bush not any president

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    Default Re: Hoffa, Union Leaders Call on Central States to Recall Pension Cut Proposal, Impro

    Quote Originally Posted by bean View Post
    If Cruz or Rubio was running the show they would have shut the government down and stick it to Obama. Boehner and McConnell are wimps and should be replaced. The union trustees make the call as to how age and service are calculated not the Bush not any president
    So who was it that signed the act in 2006? Who was it that held the country hostage? Keep spinning beanie.

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  6. #16
    I Am Rocking Now

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    Default Re: Hoffa, Union Leaders Call on Central States to Recall Pension Cut Proposal, Impro

    Quote Originally Posted by bean View Post
    If Cruz or Rubio was running the show they would have shut the government down and stick it to Obama. Boehner and McConnell are wimps and should be replaced. The union trustees make the call as to how age and service are calculated not the Bush not any president
    Here is some interesting reading for you Beanie!!


    https://www.worldatwork.org/waw/adimLink?id=15322


    From page five... Look at the table of companies that went to the PBGC for help.. Airlines and steel.. Ring a bell?? Deregulation plays a lot into this as does free trade when all the steel jobs went to china..

    Congress in 1974 to insure defined benefit pension plans of private-sector employers
    — lent a particular urgency to the effort to mandate improved pension plan funding.
    Although the PBGC receives no appropriations from Congress, it is generally
    acknowledged that if the agency were to become financially insolvent — threatening
    the retirement income of the 44 million Americans who have earned benefits under
    defined benefit pension plans — Congress would have little choice but to step in and
    engineer a financial bailout of the agency.2
    In 2000, the PBGC recorded a $9.7
    billion surplus, but several years of falling interest rates and declining stock prices
    and the termination of several large, underfunded pension plans led to a rapid
    deterioration in the PBGC’s financial position. Nine of the ten largest pension plan
    claims for PBGC insurance occurred between 2001 and 2005. (See Table 1.) These
    nine claims accounted for 63% of the total dollar value of claims made on the PBGC
    since the agency began operating in 1975. By 2005, the PBGC had a funding deficit
    of $22.7 billion, only slightly lower than the record deficit of $23.3 billion that the
    agency posted in 2004.
    Last edited by crazy; 10-14-2015 at 01:08 PM.

  7. #17
    Not So Fast Scabs

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    Default Re: Hoffa, Union Leaders Call on Central States to Recall Pension Cut Proposal, Impro

    Quote Originally Posted by crazy View Post
    Have you ever appealed your disability pension??
    No I've never looked into it...I suppose I can look for a labor law lawyer or something...u figure my locals attorney would help me but he would s a y be lucky u are on ssdi...

  8. #18
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    Default Re: Hoffa, Union Leaders Call on Central States to Recall Pension Cut Proposal, Impro

    Quote Originally Posted by BilyWamBam View Post
    No I've never looked into it...I suppose I can look for a labor law lawyer or something...u figure my locals attorney would help me but he would s a y be lucky u are on ssdi...
    When they turned you down they should have included that you had a way and a right to appeal.. You might want to check with your local..

  9. #19
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    Default Re: Hoffa, Union Leaders Call on Central States to Recall Pension Cut Proposal, Impro

    Labor, pension managers square off over benefits
    Hurtling toward insolvency, the Central States Pension Fund is looking to slash benefits by an average of one-third in order to prevent the program from running out of money in the coming years.

    Central States is the first multiemployer pension fund to apply for the Treasury Department’s rescue program, created by federal legislation in 2014. In an application submitted late last month, pension officials acknowledge the cuts will be steep but argue it’s the only way to stanch the bleeding.

    But the International Brotherhood of Teamsters, whose members make up the largest chunk of Central States’ more than 400,000 participants, is fighting the benefit reductions.
    Labor, pension managers square off over benefits | TheHill
    2631 and 2631 like this.

 

 
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