Yet another pension collapse under H. This one at local 707.

Discussion in 'UPS Union Issues' started by realbrown1, Mar 24, 2016.

  1. realbrown1

    realbrown1 Annoy a liberal today. Hit them with facts.

    Local 707 just kicked out the OG H lovers that were in office and replaced them with Teamster United affiliated leaders.

    But, it was already too late for their pension fund.

    These are some quotes from some of the members of local 707 about H and his OG buddies at 707.

    "Every 5 years you go to Hawaii ! ? You can smile on a beach while workers who physically work harder than you have a letter sent your taking away 2/3rds of their pensions ?! How are average class retired families going to be able to live on $1,000 dollars a month with a 15% pay cut on what they already make?"

    "Nice when people are in danger of losing their homes because of your (former 707 OG leaders) mismanagement you're going on a trips and continuing to do so."

    "You (The OG former leaders of 707) should all rot in HELL!"

    Neglect and financial abuse at 707 led to their pension collapse.

    I ask all members of local 952 and other locals in the WCTPF to look what has happened to YOUR pension contributions the last 3 year and the next 2 years.

    The increases have nearly vanished.

    Diverted to an inferior healthcare plan.

    Ask yourself this, do you want your pension fund to be in 20 years, where these pension funds are now?
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  2. 5habits100

    5habits100 Well-Known Member

    Blah Blah Blah same old lies from you
  3. 3 done 3 to go

    3 done 3 to go In control of own destiny

    Add upstate 294 to the list. 45% reduction
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  4. Lead Belly

    Lead Belly BANNED

    You either need to lay off the meth or your mom and dad took turns dropping you on your head when you were little.
  5. By The Book

    By The Book Well-Known Member

    You do have to admit that there are more pension plans that are in trouble than ever before....just in the last few years. Things we never heard about for a long time.
  6. 5habits100

    5habits100 Well-Known Member

    I agree there are hundreds of pension funds in trouble. Teamster and non teamster. Public and private sector. RB1 and his following want to blame H for the funds that are having issues. They are wrong. They have no clue about what is going on around them.

    The $27 billion Pennsylvania State Employees' Retirement System and $51.7 billion Pennsylvania Pubic School Retirement System are more than $50 billion dollars in the red.
  7. 5habits100

    5habits100 Well-Known Member

    These guys are out of their minds. It makes me laugh.
  8. Lead Belly

    Lead Belly BANNED

    Actually every time they post it reaffirms my belief that they wiil get crushed in December
  9. Lead Belly

    Lead Belly BANNED

    Look up the omnibus. It's not only the teamsters it's something that is happening everywhere.
  10. UpstateNYUPSer

    UpstateNYUPSer Well-Known Member

    Where are you getting this 45%?
  11. Coldworld

    Coldworld Bad mall donut!!!

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  12. 3 done 3 to go

    3 done 3 to go In control of own destiny

    At a union meeting earlier this month. Hoping for a ups buyout now. Went from 5500 to 2200 as of now. Retirees also. We have 9500 working to pay out 14k retirees.
  13. 3 done 3 to go

    3 done 3 to go In control of own destiny

    Sold out by the unions donations.
  14. Lead Belly

    Lead Belly BANNED

    Trucking deregulation right to work deregulation in general the GOP
  15. Lead Belly

    Lead Belly BANNED

    I can tell you not in the UPS/IBT plan. This thing is over 105% funded.
  16. realbrown1

    realbrown1 Annoy a liberal today. Hit them with facts.

    The difference is that Teamsters don't have taxpayers to bail us out.
  17. realbrown1

    realbrown1 Annoy a liberal today. Hit them with facts.

    And the pension payouts are low.

    Your vision for our future?

    I hate to break it to you, but when the CSPF goes down, on our next UPS contract, you are getting thrown to the wolves.

    The rest of the nation will not stand up you the OG dogs that sold us down the river.
  18. Mugarolla

    Mugarolla Light 'em up!

    What does this have to do with it?

    What you are describing is a Ponzi scheme.

    The 14k retirees had money put in on their behalf and they should be drawing on that money. The 9500 working should not be paying for the retirees. Their money should be going into the fund for their retirement, not the current retirees.

    You can blame the economy, stock market, bad management of the funds, etc. but cannot blame it on more retirees than actives. That is not how a pension fund works.
  19. 3 done 3 to go

    3 done 3 to go In control of own destiny

    Not blaming retirees. They get what they get. But, Multi employer pensions are a ponzi scheme . Was describing what our union drawl was
  20. Lead Belly

    Lead Belly BANNED

    With the deregulation of the trucking industry by the evil GOP a lot of trucking companies went out of business screwing the multi employer pension plans. You catching up?