Page 1 of 2 12 LastLast
Results 1 to 10 of 15
Like Tree25Likes

Thread: Hoffa: Itís Time to Protect Pensions

  1. #1
    Taking A Stand!!!

    Join Date
    Jul 2009
    Local Union
    492
    Employer
    ABF
    Location
    Albuquerque, NM
    Posts
    36,299
    Rep Power
    844

    Default Hoffa: Itís Time to Protect Pensions

    Do ya think!!!!

    Pensions supply a secure retirement for millions of Americans across the country. But increasingly, some plans have faced financial challenges that threaten the nest eggs of many who toiled for decades with the understanding they would be taken care of in their golden years.

    About 200 multi-employer pensions across the country, including the Teamsters’ Central States Pension Fund that oversees the retirements of tens of thousands of Michigan Teamsters in every congressional district, stand on the brink of failure. The Teamsters have been working diligently for years with key members of Congress trying to come up with a solution to this pension crisis. And with the release of new legislation last month, the union believes it has found it.

    The bill would boost financially troubled multi-employer pensions so they don’t fail. It would create a new agency under the U.S. Treasury Department that would sell bonds in the open market to large investors such as financial firms. The dollars raised, in turn, would go to these retirement plans to stave off cuts or complete failure.

    Leaders in Congress are endorsing the plan because it protects workers. “Democrats are offering hardworking Americans across the country a better deal to protect their pensions, because the families of ironworkers, truck drivers, steelworkers and many more deserve a secure and bright future,” Senate Democratic Leader Chuck Schumer (D-N.Y.) said.

    Sen. Sherrod Brown (D-Ohio), a lead sponsor of the measure, called the introduction of the “Butch Lewis Act of 2017,” named after the former Teamsters Local 100 President who died in late 2015 while fighting to prevent cuts to Central States Pension Fund, one of the proudest days of his life. He said workers deserve to receive the pensions they worked so hard for to get.
    https://teamster.org/news/2017/12/ho...otect-pensions
    x475, 2631, 222lifer and 3 others like this.

  2. #2
    I Am Rocking Now

    Join Date
    Jul 2009
    Local Union
    745
    Employer
    ABF
    Location
    Dallas
    Posts
    1,748
    Rep Power
    488

    Default Re: Hoffa: Itís Time to Protect Pensions

    Message from NUCPP Vice President Sherman Liimatainen...

    2631, 222lifer and slavenomore like this.

  3. #3
    On A Mission

    Join Date
    Oct 2009
    Local Union
    429
    Employer
    NPME/YRC
    Posts
    13,685
    Rep Power
    895

    Default Re: Hoffa: Itís Time to Protect Pensions

    What kind of message is being sent, when stuff like this is done?
    1,500 kroger teamsters exit the central states fund
    Docker likes this.

  4. #4
    Super Moderator

    Join Date
    Jan 2008
    Local Union
    641
    Employer
    new penn
    Location
    Northeastern PA
    Posts
    21,330
    Rep Power
    837

    Default Re: Hoffa: Itís Time to Protect Pensions

    Quote Originally Posted by slavenomore View Post
    What kind of message is being sent, when stuff like this is done?
    1,500 kroger teamsters exit the central states fund
    Hoffa should held accountable but he never will.One of his campaign promises when he first ran was to fix the pensions. Yup,his fix is slowly getting rid of them...
    Docker likes this.

  5. #5
    Getting In The Groove Now.

    Join Date
    Oct 2008
    Local Union
    25
    Employer
    retired
    Location
    boston
    Posts
    38
    Rep Power
    114

    Default Re: Hoffa: Itís Time to Protect Pensions

    I think hoffa the jerkoff was talking about his multiple pensions.
    Docker, ABFwife and 1484-1075 like this.

  6. #6
    I Am Rocking Now

    Join Date
    Jul 2009
    Local Union
    745
    Employer
    ABF
    Location
    Dallas
    Posts
    1,748
    Rep Power
    488

    Default Re: Hoffa: Itís Time to Protect Pensions

    Central States Pension Plan Dilemma...Who's Most Accountable?

    Let me start off by stating that I'm not in the Central States Pension Plan but highly agitated and outraged of how my fellow Brothers and Sisters are now the ones that going to have to suffer the consequences of the poor decisions... incompetence and irrationality of the IBT leadership and the Plan Trustees. And to add insult to injury... not only will they have to be held accountable in any way shape or form for these atrocities... all these injustices committed by those entrusted to look after the membership's best interests as a whole will now be forgot and forgiven by one big elaborate cover up called the Multiemployer Pension Reform Act of 2014... leaving the sole burden of paying the piper for the upcoming financial hardships to the Central States members and not even the leadership or trustees having to bear the slightest reproach of their actions. And one more thing that highly disturbs me... the lack of concern and outrage from all the other Brothers and Sisters from other pension plans that are... at the moment not going to affected. Just what the hell happened to the solidarity over the years that made the Teamsters what they are??? Or is this what they now call the 'New Teamster'... just look out for yourself and the hell with everyone else?

    Let's look at how the TDU warned us back in 2007 about this potential upcoming disaster when Junior and Hall intended to let UPS out of the Central States Pension Fund and tried their damnedest to get the members to speak up:

    Will New Deal Let UPS Split Teamster Pensions? | Teamsters for a Democratic Union

    Then... how about this letter from Junior and Hall stating they will not accept a new UPS contract that does not protect the retirement and health benefits of our members whether they are employed by UPS or by the many other companies that participate in the Central States Fund.



    And how about the Central States Pension Fund losing $3.1 billion during the first six months of 2008, which is half as much as the $6.1 billion that the fund received in December from UPS as a pay-out to leave the fund. But even after this set back... Central States’ assets stood at $23.7 billion as of June 30,2008... so there was still plenty of money to sustain benefits and recover, as long as the union leadership would of been committed to make it happen.

    Central States Pension Fund Loses $3 Billion

    And let's not forget how the IRS set conditions requiring the fund to maintain the ratio of assets to liabilities and the proposed response and solution submitted by the trustees to meet those conditions in their August, 2008 Quarterly Report of the Independent Special Counsel which was approved by the IRS... and that plan calling for the increased pension contributions entered into the 2008-2013 NMFA. And that contract sure wasn't lived up to... enter the YRC Restructuring Agreement and Give Away Gordy signing off and releasing ABF of their contractually obligated pension increases

    http://d3n8a8pro7vhmx.cloudfront.net...pdf?1438824762

    And how about Junior who lobbied intensely for the MPRA bill... only to reverse himself at the last minute just so it would be on record that he was against it... low down POS!

    https://markinbookreview.blogspot.co...ry-bosses.html

    Then there's Turncoat Tyson who directed every local to support the Central States pension cut plan but then had the audacity to take credit for defeating the cuts that he supported. That’s one Texas-sized flip-flop.

    Tyson Johnson
    crazy, 2631, gillholey and 1 others like this.

  7. #7
    I Am Rocking Now

    Join Date
    Mar 2008
    Local Union
    560
    Employer
    Retired ABF/Red Star
    Location
    S. Carolina
    Posts
    4,502
    Rep Power
    732

    Default Re: Hoffa: Itís Time to Protect Pensions

    And how about Hoffa and Hall not allowing the Overnite/UPSF Teamsters into the NMFA and our MEPFs. By giving UPSF a stand alone contract and separate pension plan they signaled to any other future company who might be organized that they could have the same deal. Thus we now have separate freight contracts and no new contributions to our pension funds.
    crazy, gillholey, Docker and 2 others like this.

  8. #8
    Scab Hating Union Thug

    Join Date
    Aug 2009
    Local Union
    222
    Employer
    YRC
    Location
    Utah
    Posts
    24,312
    Rep Power
    1113

    Default Re: Hoffa: Itís Time to Protect Pensions

    Quote Originally Posted by 2631 View Post
    And how about Hoffa and Hall not allowing the Overnite/UPSF Teamsters into the NMFA and our MEPFs. By giving UPSF a stand alone contract and separate pension plan they signaled to any other future company who might be organized that they could have the same deal. Thus we now have separate freight contracts and no new contributions to our pension funds.
    2631, from my understanding, the negotiations with the FedEx bargaining unit in Charlotte included a pention contribution to the Western States Pension Trust.

    Sent from my SM-J327T using Tapatalk
    slavenomore likes this.

  9. #9
    I Am Rocking Now

    Join Date
    Mar 2008
    Local Union
    560
    Employer
    Retired ABF/Red Star
    Location
    S. Carolina
    Posts
    4,502
    Rep Power
    732

    Default Re: Hoffa: Itís Time to Protect Pensions

    Quote Originally Posted by 222lifer View Post
    2631, from my understanding, the negotiations with the FedEx bargaining unit in Charlotte included a pention contribution to the Western States Pension Trust.

    Sent from my SM-J327T using Tapatalk
    I didn't know that. I would be amazed if FedEx would agree to join a MEPF. How are those negotiations going?

  10. #10
    I Am Rocking Now

    Join Date
    Mar 2010
    Local Union
    404
    Employer
    UPS Freight
    Location
    Springfield,Massachusetts
    Posts
    1,510
    Rep Power
    173

    Default Re: Hoffa: Itís Time to Protect Pensions

    Quote Originally Posted by 2631 View Post
    And how about Hoffa and Hall not allowing the Overnite/UPSF Teamsters into the NMFA and our MEPFs. By giving UPSF a stand alone contract and separate pension plan they signaled to any other future company who might be organized that they could have the same deal. Thus we now have separate freight contracts and no new contributions to our pension funds.
    Oh, how I miss the MNFA....I quote things from it all the time, just like these recent holidays in the MNFA you could call in before or after a Holiday and still get paid,, we don't also got 5 sick days and 2 personal days, we get 4 discretionary days.....Hoffa sucks IMO...
    Walleye likes this.

 

 
Page 1 of 2 12 LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327