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<blockquote data-quote="BottomFeeder" data-source="post: 247528" data-attributes="member: 11636"><p>All-in-all, I believe the pension belongs in the hands of Teamsters. Right or wrong, Teamster pension has FAR outlasted the likes of United Airlines, Digital Equipment, and a hundred other large businesses that went out of business or were bought-and-sold and basically stiffed the employees who have paid into company owned or managed funds. When companies are bought and sold, the pension fund begomes a bargaining token and history has shown that these funds are bartered away when the acquiring company weasles-out of it's responsibilty to the workers and LEGALLY moves the money out of the fund-effectively dissolving the fund. </p><p>The Teamster fund has been there for it's retirees and our obligation as union members is to ensure that the fund is retained under our control and dispersed as agreed and BE THERE FOR US when we retire...</p></blockquote><p></p>
[QUOTE="BottomFeeder, post: 247528, member: 11636"] All-in-all, I believe the pension belongs in the hands of Teamsters. Right or wrong, Teamster pension has FAR outlasted the likes of United Airlines, Digital Equipment, and a hundred other large businesses that went out of business or were bought-and-sold and basically stiffed the employees who have paid into company owned or managed funds. When companies are bought and sold, the pension fund begomes a bargaining token and history has shown that these funds are bartered away when the acquiring company weasles-out of it's responsibilty to the workers and LEGALLY moves the money out of the fund-effectively dissolving the fund. The Teamster fund has been there for it's retirees and our obligation as union members is to ensure that the fund is retained under our control and dispersed as agreed and BE THERE FOR US when we retire... [/QUOTE]
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