Interesting Article About Teamsters Pension For All The Haters

[By The Book]

I have no intention of doing it---it was a jab at Cosmo, who swaps cars between dealers and to /from auctions.

Carry on

 

[IVE GOTTA PACKAGE 4U]

I hear Romper Room calling you.

The place that you can't post?
I really hope they let you post there.

We will be more than happy to hand your aas back to you

 

[MrFedEx]

My portable will bust 100k in the next 24 months. Leave it alone for about 6 years and 4% will yield right at 130k. Sorry simple math isnt your strong point.

Like I said...you don't have 130k.

 

[MrFedEx]

I've said it before: I love the idea of a defined benefits pension. Unfortunately, the math doesn't work that well in the long run as evidenced by situations similar to what you've posted. It's understandable that people would prefer a traditional pension, but the people here who scream for one need to use calculators that actually compute NUMBERS instead of rainbows and unicorns.

Right. You're saying FedEx couldn't afford to continue the Traditional Plan? B effing S. The math works REALLY well for Mr. Smith. He doesn't pay new employees a pension at all.

You make me laugh.

 

[vantexan]

I've said it before: I love the idea of a defined benefits pension. Unfortunately, the math doesn't work that well in the long run as evidenced by situations similar to what you've posted. It's understandable that people would prefer a traditional pension, but the people here who scream for one need to use calculators that actually compute NUMBERS instead of rainbows and unicorns.

OK to offer one to lure us in but no obligation to keep your word? Typical.

 

[Brownslave688]

While we did get slammed in 2008, unstable markets are not the problem-----7K or so more retirees than actives is our biggest problem.

Wrong. Overpromised payouts are your problem.

 

[vantexan]

Pensions made sense during the 1930's. Not anymore.

Give me a 401k that I can bring with me to my next job.

Which is fine if you are paid enough to properly fund your 401k.

 

[UpstateNYUPSer(Ret)]

Wrong. Overpromised payouts are your problem.

Are we in the same pension fund?

 

[UpstateNYUPSer(Ret)]

Which is fine if you are paid enough to properly fund your 401k.

Pension payments diverted to 401k's.

 

[vantexan]

Pension payments diverted to 401k's.

This is a FedEx forum. Do you think FedEx will put enough into our 401k's for us? Really?

 

[59 Dano]

Right. You're saying FedEx couldn't afford to continue the Traditional Plan? B effing S. The math works REALLY well for Mr. Smith.

If you say so.

 

[cosmo1]

Some if not all teamster pensions don't allow working at another union shop. You may be able to qualify for retirement with UPS but may not be able to draw your pension.

I have no intention of doing it---it was a jab at Cosmo, who swaps cars between dealers and to /from auctions.

As much as it pains me to agree with Dave, yeah, I drive new and newish cars around for a local auto group.

Money sucks, but it gets me out of the house and away from the wife (still have one of them, Dave) two or three days a week.

 

[59 Dano]

OK to offer one to lure us in but no obligation to keep your word? Typical.

Would you be happier if they'd kept it the way it was and then had to slash the benefits at a later date, ala the story in the original post?

 

[MAKAVELI]

Would you be happier if they'd kept it the way it was and then had to slash the benefits at a later date, ala the story in the original post?

Why would they have to slash benefits? It wouldn't have the funding problems a multi employer plan has and they could always just siphon $ from Ground to ensure its solvency.

 

[MrFedEx]

Are we in the same pension fund?

I like your new avatar. "Let's put a pine tree here. It's a happy pine tree and it needs a friend. Some Thalo Blue would work just fine". Bob Ross is actually used for ASMR relaxation on YouTube.

 

[MrFedEx]

Why would they have to slash benefits? It wouldn't have the funding problems a multi employer plan has and they could always just siphon $ from Ground to ensure its solvency.

Hey, buddy. Fred is living on food stamps and we're going broke. He can barely buy new Boeings and pay-off Congress. I feel bad.

 

[UpstateNYUPSer(Ret)]

I like your new avatar. "Let's put a pine tree here. It's a happy pine tree and it needs a friend. Some Thalo Blue would work just fine". Bob Ross is actually used for ASMR relaxation on YouTube.

That's my son's Halloween costume.

 

[59 Dano]

Why would they have to slash benefits? It wouldn't have the funding problems a multi employer plan has and they could always just siphon $ from Ground to ensure its solvency.

Because it's just that simple!!!

 

[MAKAVELI]

Because it's just that simple!!!

Don't have an answer?

 

[59 Dano]

Don't have an answer?

Yes, but if you think the situation is as simple as "It wouldn't have the funding problems a multi employer plan has and they could always just siphon $ from Ground to ensure its solvency," it would be a waste of my time to post it and a waste of your time to read it.