New England pension fund = CRITICAL

[MAKAVELI]

Not pro union or looking at what Obama and the Democrats have really done to help unions? Besides empty promises to reward blind loyalty?

Just what have the republicans done to help unions?

 

[oldngray]

Just what have the republicans done to help unions?

Nothing more than Democrats but they didn't make empty promises like the Democrats did.

 

[IVE GOTTA PACKAGE 4U]

Just what have the republicans done to help unions?

Nothing. Because the union never backs them.

 

[Inthegame]

And now they are coming back. Pensions are starting to come back but to much ground was lost. Give central states 6.4 billion in 08 and then a depression happens and that's what you get. It's sad but nobody foresaw that. Ups wouldn't have given 6.4 billy if it thought it would be lost right away. No one could foresee the future. I'm sorry about this but it's true. Europe crashed right after this. Then everyone else. It was bad.

Yep, and the numbers prove it.

These underfunded plans are in huge trouble. Too much going out,not enough going in. And a large chunk is invested in safe,low return funds.

It's really , really bad!

Not as bad as you think. Granted plans like CS are (and will) continue to struggle but Lead Belly is right on the mark (again).
In 2012, 240 plans were considered in "critical" status (less than 65% funded) and 163 were endangered (less than 80% funded). In 2015 85 in critical, 41 endangered.
The DOL sends notices out for the prior years status so the 2012 notice refers to the 2011 plan year hence the 2015 notices already out for 2014 plan years.

 

[IVE GOTTA PACKAGE 4U]

Yep, and the numbers prove it.

Not as bad as you think. Granted plans like CS are (and will) continue to struggle but Lead Belly is right on the mark (again).
In 2012, 240 plans were considered in "critical" status (less than 65% funded) and 163 were endangered (less than 80% funded). In 2015 85 in critical, 41 endangered.
The DOL sends notices out for the prior years status so the 2012 notice refers to the 2011 plan year hence the 2015 notices already out for 2014 plan years.

I'm not in the CS but my plan is in critical status too.

 

[wide load]

I thought O was god??? what's the excuse for a critical pension when he's a trustee??
IM AWAITING brother...

Still waiting.......

 

[realbrown1]

Not a very pro Union post.

Without jobs, there are no unions.

 

[member6045]

View attachment 43719

View attachment 43720

Now that I have a few buddy's in NE I WANTED TO see what O is doing about his pension fund being "CRITICAL"
Can't blame this one on the late great Ron Carey!!
The floor is yours brother....

Local 804 is in critical status and Tim S has kicked the can down the road to be dealt with until in 2020!! It's not Ron Carey! But his TDU want to be!

 

[Inthegame]

Local 804 is in critical status and Tim S has kicked the can down the road to be dealt with until in 2020!! It's not Ron Carey! But his TDU want to be!

Are you allowed to use a fork while eating?

 

[MAKAVELI]

Nothing. Because the union never backs them.

Why would they when Republicans are trying to kill them?

 

[ski or die]

Every multi employer pension fund with the exception of the western conference of teamsters is in critical. A lot of union trucking companies have gone out of business I. The last twenty thirty years. Their employers don't pay into said funds anymore. Do you remember when all the mortgage and credit card lenders got a buy out? Republicans do not think people on a pension deserve a buy out. To secure their pensions.

Not every plan is critical. Local 710 is a multi-employer plan and funded at 87%. We just received our letter last week. I am sure there are other locals funded above 80%. A previous post bragged about receiving $7000 per month, that with as you mentioned companies not contributing to the plans are why many are endangered. The greed of $7000 will bankrupt most plans. I am glad Local 710 were realistic in their contributions and distributions. Local 710's retirement should have a good chance of lasting my lifetime with continued good management.

 

[BigUnionGuy]

A previous post bragged about receiving $7000 per month, that with as you mentioned companies not contributing to the plans are why many are endangered. The greed of $7000 will bankrupt most plans.

What nitwit (and post) bragged about getting $7000 per month ?



-Bug-

 

[BigUnionGuy]

Oh wait.... now I remember.

Those 2 goofball feeder drivers from NC.


What did they call themselves ?



-Bug-

 

[Bubblehead]

Oh wait.... now I remember.

Those 2 goofball feeder drivers from NC.


What did they call themselves ?



-Bug-

APWA?

 

[BigUnionGuy]

APWA?

Ha !

That's it.


"Teamster officials dismiss the APWA effort. “It’s a pipedream they will get enough signatures on cards” to require an election, Ms. Strope said. “We’re not concerned about this group.”

Read more: http://www.browncafe.com/community/...pensions-and-investments.18793/#ixzz3dX5ZSEv6

 

[member6045]

Are you allowed to use a fork while eating?

You've resulted to another form of insulting people that disagree?

 

[UpstateNYUPSer(Ret)]

Every multi employer pension fund with the exception of the western conference of teamsters is in critical. A lot of union trucking companies have gone out of business I. The last twenty thirty years. Their employers don't pay into said funds anymore. Do you remember when all the mortgage and credit card lenders got a buy out? Republicans do not think people on a pension deserve a buy out. To secure their pensions.

They don't-----that's what the PBGC is for.

 

[UpstateNYUPSer(Ret)]

Everyone's 401k was in the crapper.

401k's have more than rebounded since 2008-09.

 

[IVE GOTTA PACKAGE 4U]

401k's have more than rebounded since 2008-09.

I agree. I was referring to those years. Since then my 401k has done quite well And iur pension plans did not rebound like our 401k's.

 

[The bottom Line]

Make sure you wear a bag with your boy the silent bag.

Can't take the heat get out of the kitchen, Jackie boy