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local 804 pension problems
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<blockquote data-quote="wkmac" data-source="post: 145287" data-attributes="member: 2189"><p>Oh I finished it. The reason I said what I said was in the past you've made statements to the effect that pension credits are set aside and what you have is what you have and it has no bearing or pressure on the contributions of another or company to company if you please. When all things are working as they should, that is a valid argument but in the case of Central States that is not the case and one could argue has never been. Under the scenario that I saw you suggesting as I explained above, no new participants are ever needed because the individual employee sustains themselves and once they stop contributing, what they have put in will only be what they get. Again, in the perfect scenario this is true but the simple fact is this is not the case at all.</p><p> </p><p>Did you ever consider for a moment that when John McDevitt of UPS testified before Congress about the pension fund and testified that I think it was 40 cents of every dollar contributed on behalf of UPSers goes to non-UPSers that he made that statement under penalty of perjury? Oh yes, you are sworn in just like in court and you can go to jail for contempt of Congress. </p><p> </p><p>But here is the other more telling situation concerning McDevitt's statement and UPS' continual claim in this regard. Not once, and I mean not once have I seen the IBT or Central States object, dispute or otherwise scream foul about this claim. In all of this, in the several years I've heard this out of the company, the only people I've heard in any way object to this assertion are the unionist koolaid drinkers. </p><p> </p><p>Now why would that be? If this is such a gross lie, then why hasn't the union or pension fund with all force and effect opposed this assertion and stopped UPS from continually making it? There are libel laws you know and more importantly, there are federal labor laws that the union could have filed against UPS as well if they are spreading false information about the union. Where are those efforts?</p><p> </p><p>Now to me, that's a telling point in and of itself. In an honest and upright pension system I do agree every one of your points are valid but in this case and because of the history, I'm not convinced at this point that we have that perfect system that you might think we have. I hope you are right but I'm not convinced at this point and it will get worse. I also believe the bigger issue facing the pension system is not wall street investments but the rising costs of healthcare. It's killing everyone.</p><p> </p><p>you asked:</p><p></p><p> </p><p>I choose me but we live in a MOBocracy so I'm not allowed to think and decide for myself as to what's best for me so I'm only given the choice of the union or the company. I choose neither nor trust neither and will continue to max out the 401k and other investment vehicles and just hope for the best regarding this other stuff.</p></blockquote><p></p>
[QUOTE="wkmac, post: 145287, member: 2189"] Oh I finished it. The reason I said what I said was in the past you've made statements to the effect that pension credits are set aside and what you have is what you have and it has no bearing or pressure on the contributions of another or company to company if you please. When all things are working as they should, that is a valid argument but in the case of Central States that is not the case and one could argue has never been. Under the scenario that I saw you suggesting as I explained above, no new participants are ever needed because the individual employee sustains themselves and once they stop contributing, what they have put in will only be what they get. Again, in the perfect scenario this is true but the simple fact is this is not the case at all. Did you ever consider for a moment that when John McDevitt of UPS testified before Congress about the pension fund and testified that I think it was 40 cents of every dollar contributed on behalf of UPSers goes to non-UPSers that he made that statement under penalty of perjury? Oh yes, you are sworn in just like in court and you can go to jail for contempt of Congress. But here is the other more telling situation concerning McDevitt's statement and UPS' continual claim in this regard. Not once, and I mean not once have I seen the IBT or Central States object, dispute or otherwise scream foul about this claim. In all of this, in the several years I've heard this out of the company, the only people I've heard in any way object to this assertion are the unionist koolaid drinkers. Now why would that be? If this is such a gross lie, then why hasn't the union or pension fund with all force and effect opposed this assertion and stopped UPS from continually making it? There are libel laws you know and more importantly, there are federal labor laws that the union could have filed against UPS as well if they are spreading false information about the union. Where are those efforts? Now to me, that's a telling point in and of itself. In an honest and upright pension system I do agree every one of your points are valid but in this case and because of the history, I'm not convinced at this point that we have that perfect system that you might think we have. I hope you are right but I'm not convinced at this point and it will get worse. I also believe the bigger issue facing the pension system is not wall street investments but the rising costs of healthcare. It's killing everyone. you asked: I choose me but we live in a MOBocracy so I'm not allowed to think and decide for myself as to what's best for me so I'm only given the choice of the union or the company. I choose neither nor trust neither and will continue to max out the 401k and other investment vehicles and just hope for the best regarding this other stuff. [/QUOTE]
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