APWA NEWS
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Working4TheBene's
Well-Known Member
Is there a news article showing the increased interest? I'm still on the fence about APWA... But change is usual a good thing.....
We had a meeting this past Sunday for our area. There were more at this meeting than there would or ever has been at ANY local IBT meeting. I know that there were several who are joining from this meeting. I am confident that if the vote were held 2day that my center would vote 2 to 1 in favor of the APWA.
APWA is for real guys. Don't be SOLD OUT by the IBT any longer guys. Do the research FOR YOURSELF, and see the FACTS, just like I did before I joined.
Teamster251
PSST Drvr Local 251 PRORI
How can APWA offer a monthly pension that almost meets your monthly gross?
The dollars and cents or it doesn't add up.
UPS pays a weekly amount to the Teamsters that would not increase with the APWA without re-negioating.
Lets see 300 per week times 4 is 1200 per month to the teamters
times 12 is 14,400 per year after thirty years that 432,000 comtributed on your behalf.
APWA is going to pay you 7000 per montly, 84,000 annually.
If you live 10 years into rewtirenent thats 840,000.
Where does the extra 412,000 come from?
What about all the healthy folks that live 15, 20, 25 years into retirement?
APWA is offering something they can't deliver, be careful what you wish for.
Who takes over when APWA bankrupts themselves?
If more of you so-called activist got involved inthe workings of the Teamsters, you'd could help correct all these alleged wrong doings.
The membership is full of checks and balances but many of you run away from them.
The dollars and cents or it doesn't add up.
UPS pays a weekly amount to the Teamsters that would not increase with the APWA without re-negioating.
Lets see 300 per week times 4 is 1200 per month to the teamters
times 12 is 14,400 per year after thirty years that 432,000 comtributed on your behalf.
APWA is going to pay you 7000 per montly, 84,000 annually.
If you live 10 years into rewtirenent thats 840,000.
Where does the extra 412,000 come from?
What about all the healthy folks that live 15, 20, 25 years into retirement?
APWA is offering something they can't deliver, be careful what you wish for.
Who takes over when APWA bankrupts themselves?
If more of you so-called activist got involved inthe workings of the Teamsters, you'd could help correct all these alleged wrong doings.
The membership is full of checks and balances but many of you run away from them.
U
UPS UPS UPS
Guest
Members of the IAM (typically automotive and PE mechanics) make more on pension than they made working if they retire with full pension.
The pay rate and the pension contribution rate is about the same as a full time teamster driver.
$1 earning a conservative 7% compounded over 30 years would multiply more than 6 times. The contributed amount should not be equal to well invested funds over a long period.
A person starting today and with a contribution of $12,000 per year would accumulate over $2 million in 30 years without any increase in contributions.
Ask an IAM member to look up their estimated pension on the IAM web site.
The real question is not - How can the APWA or any other organization pay these amounts?
The question should be - Why can't the Teamsters and where did the money go?
The pay rate and the pension contribution rate is about the same as a full time teamster driver.
$1 earning a conservative 7% compounded over 30 years would multiply more than 6 times. The contributed amount should not be equal to well invested funds over a long period.
A person starting today and with a contribution of $12,000 per year would accumulate over $2 million in 30 years without any increase in contributions.
Ask an IAM member to look up their estimated pension on the IAM web site.
The real question is not - How can the APWA or any other organization pay these amounts?
The question should be - Why can't the Teamsters and where did the money go?
brett636
Well-Known Member
Of course not. This is just some more rah-rahing by another small minded maroon. Check out the UPS freight forum where they said they successfully beat out the IBT at the indianapolis ups freight hub. I know for a fact that that hub is IBT and a contract is being drawn up as we speak. Sorry APWA cheerleaders, you all are nothing more than a waste of bandwidth.
SignatureRequired
Active Member
The problem is that UPS is covering pensions for companies under the IBT umbrella that no longer exist. Companies that no longer contribute only collect a pension. Companies with more people collecting than contributing. If we received all the money UPS contributes for us our pension would be triple what it is. IBT needs UPS in order to support all the other companies it represents.
dragracer66
Well-Known Member
I am a mechanic and my pension in 13 years will be $9866 at the current rate of $6.35 per hour. Our pension is the ONLY pension we aren't funding any other non UPS shop's. The teamster's however put all the money in one big bowl per say and you have alot of trucking co's out of business that are still drawing that pension with no money coming in from that defunct company so eventually it's going to run out. You guy's should have taken the company up in 1997 on there offer to control the pension. The guy's in the central state's would be better off!!!!
W
Who
Guest
I heard that out of every dollar UPS contributes only 40 cents goes back to UPS employee's. I have not found if this is true or not.
dragracer66
Well-Known Member
Teamster251
PSST Drvr Local 251 PRORI
Without a doubt, less companies contributing is a problem.
Who are we to punish those that EARNED a pension with thier hard work just like we are earning ours.
Those collecting pensions from the funds that were part of defunct companies didn't close those companies the companies closed themselves.
We as Teamsters should be concerned with all, not just UPS. We are part of a multi-employer fund. It shows more and more that most UPSer are not teamsters, they are for themselves.
Dividing the funds is the company conquering over the teamsters. Without the Teamsters this company will chew you up and spit you out like a spit ball.
Show me some financial info on APWA.
Where are their funds, are the funds guarenteed thirty years from now?
dragracer66
Well-Known Member
What you guy's ought to do is when the contract expire's see if parcel will revisit taking over your pension. Teamster 251 I understand what you mean by teamster's should take care of other teamsters but when you retire who do you think will be financial shape? The teamster's or UPS? At least that way you can roll over your pension. If you guy's join the apwa It's like quitting and starting over from scratch again you can't transfer fund's to them.
W
Who
Guest
$4000 a month???? Maybe in Jersey but they aren't getting that here.
Teamster251
PSST Drvr Local 251 PRORI
Believe me I'm no fan of the APWA.
All these band wagon jumpers are biting at that $7000 per month pension like a striper hits chunk bait.
It not fair to all those retired that earned thier pensions to be penalized becuase their companies close the doors on them. UPS ageed to muti-pensions they need to help make it work.
In this day and age no one is safe from financial ruin. What makes UPS so safe?
I see waste, foolish spending, and chaotic operation everyday. I see a line haul (Fast Lane) operation that's spinning it wheels and could improve 1000% with knowlegable people running it.
There is a cancer in this company and it called "the notion of a bottomless pit of money"
My money's on the muti-pension plans and making the investment to make them work for all Teamster involved.
I'd vote for a freeze in wages and double my pension contributions instead of the raise.
Invest in your future.
Teamster251
PSST Drvr Local 251 PRORI
Teamster 251, I understand what you are saying about a multi-company pension fund and the fact that it would shatter the theory Teamsters has in place if UPS workers were to demand their own pension. It is not fair to those retirees whose companies have folded if their pension was to be lost, but is it fair to the UPSers who put in their time to jeopardize their pension. Teamsters has an all for one theory, but in reality everyone is in it for themselves and who can blame UPSers for wanting what they earned. I don't mind sharing pension, but I also want to see us reaping the rewards of working for a profitable company.
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dragracer66
Well-Known Member
Hey Who....Where's here????
No your wrong what they are jumping at is the only smart allternative choice they have to get some good honest non corrupt representation.A union that will work for the employees not say one thing and do another.How long are the people going to stand bye and just hope that things are going to get better?What would you say IF the APWA turns out to be way better than the IBT ever was?You speak about how great theIBT is show me what they have to offer.Prove that the early contract talks are not just because HOFFA is up for re election.UPS has nothing to loose they don 't want nothing to do with a strike.But you MR. hard core TEAMSTER post some hard facts what the IBT can get versus the APWA?All you here about from your fellow brothers is how the pensions are under funded how they will be working to age 62 or maybe 65.Just tell the freight side one good reason why we need the IBT rather then the APWA/PLEASE!
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