Union retirees: Don't cut my pension --- Good Read

[bbsam]

No sucking up,to the Mods!

We'll allow it. Overruled.

 

[IVE GOTTA PACKAGE 4U]

We'll allow it. Overruled.

I want a second,opinion!

 

[realbrown1]

Which part of "none of your damn business" do you not understand???

Free speech, it is a b!+<#.

 

[Packmule]

My pension is most important to me.

Agreed. I don't get up in the morning asking what can I do for my union. I get up asking what is my union doing for me? If that answer is bilking me to take care of everyone else, we got a problem!

 

[bbsam]

No sucking up,to the Mods!

I want a second,opinion!

Second opinion? You use commas when they aren't needed.

 

[IVE GOTTA PACKAGE 4U]

Second opinion? You use commas when they aren't needed.

I like,to,seperate,things, o.k.?,,,,,,,,,,,

 

[upschuck]

No sucking up,to the Mods!

bbsam was sucking up to himself. No sucking and mod in the same sentence here. Ironic, isn't it.

 

[bbsam]

I like,to,seperate,things, o.k.?,,,,,,,,,,,

It might be...if you start sucking up to the Mods.

 

[bbsam]

bbsam was sucking up to himself. No sucking and mod in the same sentence here. Ironic, isn't it.

Every man's secret desire.

 

[IVE GOTTA PACKAGE 4U]

It might be...if you start sucking up to the Mods.

Not,gonna,happen,,sorry!

 

[Brownslave688]

Central States is in such poor shape that one funding for one receiving still would not make gains into the fund. ALL of this falls on the Hoffa administration for not being proactive over a decade ago. What needs to happen now is these folks should be allowed to find jobs that they can preform without the Teamsters telling them they'll suspend their pension and that includes truck driving. I cannot think of one good reason to allow these good people to lose what they have worked for. They didn't create the problem and we as Teamsters need to help create viable solutions.

This is the problem
With pension. You shouldn't need more people putting in than taking out. The ones taking out should be pulling out their own money that's already in there and been there for years.

When you are taking from current contributors and giving to past contributors. That's called a
Ponzi scheme.

 

[IVE GOTTA PACKAGE 4U]

This is the problem
With pension. You shouldn't need more people putting in than taking out. The ones taking out should be pulling out their own money that's already in there and been there for years.

When you are taking from current contributors and giving to past contributors. That's called a
Ponzi scheme.

Can you say,Social Security?

 

[bbsam]

This is the problem
With pension. You shouldn't need more people putting in than taking out. The ones taking out should be pulling out their own money that's already in there and been there for years.

When you are taking from current contributors and giving to past contributors. That's called a
Ponzi scheme.

Isn't that what insurance companies do?

 

[Brownslave688]

Can you say,Social Security?

Yep. Largest Ponzi scheme in the world. Hell it's worse
Than a Ponzi scheme. You and I don't get to choose to give them our money.

 

[IVE GOTTA PACKAGE 4U]

Yep. Largest Ponzi scheme in the world. Hell it's worse
Than a Ponzi scheme. You and I don't get to choose to give them our money.

Whatever you put In your employer matches. That's alot of money over your lifetime. No wonder,companies go overseas.

 

[Brownslave688]

Whatever you put In your employer matches. That's alot of money over your lifetime. No wonder,companies go overseas.

Up to 110k-120k or somewhere around there I think.

 

[IVE GOTTA PACKAGE 4U]

http://www.ssa.gov/myaccount/

Up to 110k-120k or somewhere around there I think.

 

[ZQXC]

I haven't noticed anyone mention how all of this is compounded by someone retiring at a young age. Early fifties is a very young age to retire, (sure you may have met all the established guidelines.) But, can you reasonably expect to retire after 30 years of contributions, and then be paid benefits for upwards of 40 years (more than your working lifetime.)

 

[brown67]

"Central States lobbied heavily for the new pension-cutting measure, which has led many of its retirees to speculate that it will be one of the first plans to reduce benefits."

So the teamster lobbied congress to cut pensions?

 

[brownmonster]

I haven't noticed anyone mention how all of this is compounded by someone retiring at a young age. Early fifties is a very young age to retire, (sure you may have met all the established guidelines.) But, can you reasonably expect to retire after 30 years of contributions, and then be paid benefits for upwards of 40 years (more than your working lifetime.)

Bingo.