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Major Teamsters pension fund to slash recipients' benefits
Milwaukee Journal Sentinel ^
| 10-19-15
| Rick Romell and Joe Taschler
Posted on 10/19/2015 4:10:51 PM PDT by afraidfortherepublic
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To: afraidfortherepublic; onyx; Hunton Peck; Diana in Wisconsin; P from Sheb; Shady; DonkeyBonker; ...
Are they collecting Social Security on top of their pensions? I’ll bet most of them are, so I don’t feel to sorry for them, although I’m sure it’s a blow.
FReep Mail me if you want on, or off, this Wisconsin interest ping list.
To: afraidfortherepublic
“Tom Minerath”
But, but, all of those Democrats were elected using YOUR money, tom.
And after all, isn’t that what is REALLY important??
3
posted on
10/19/2015 4:18:52 PM PDT
by
tcrlaf
(They told me it could never happen in America. And then it did....)
To: afraidfortherepublic
So,
Some bureaucrat will decide how much money they deserve each month.
Welcome to America.
4
posted on
10/19/2015 4:21:08 PM PDT
by
blueunicorn6
("A crack shot and a good dancer")
To: afraidfortherepublic
so he retired @ 60, got $20,000 for eight years and is now whining... i think i see the problem.
if they weren't allowed to draw until they are 65 there prolly wouldn't be a problem with their cash flow
5
posted on
10/19/2015 4:22:44 PM PDT
by
Chode
(Stand UP and Be Counted, or line up and be numbered - *DTOM* -w- NO Pity for the LAZY - Luke, 22:36)
To: afraidfortherepublic
6
posted on
10/19/2015 4:22:55 PM PDT
by
PGalt
To: afraidfortherepublic
Are they collecting Social Security on top of their pensions? Ill bet most of them are, so I dont feel to sorry for them, although Im sure its a blow. They earned and paid for both their pension and Social Security. So they should get both. Every penny.
The question is how did the Teamsters fail to preserve the capital needed to honor the known pension benefits. I doubt the pensioners had anything to say about those decisions.
7
posted on
10/19/2015 4:25:03 PM PDT
by
plymaniac
To: afraidfortherepublic
Are they collecting Social Security on top of their pensions? Ill bet most of them are, so I dont feel to sorry for them, although Im sure its a blow. If they paid into both, why shouldn't they draw from both? Would you feel the same about someone who paid into SS but also invested in a 401k type plan that was reduced by a stock market crash? You know damn well the Union Officials aren't seeing any reduced payouts.
8
posted on
10/19/2015 4:25:14 PM PDT
by
Mastador1
(I'll take a bad dog over a good politician any day!)
To: afraidfortherepublic
>>Many of the deepest cuts are being dealt to retirees who worked 30 years and earned relatively large pensions on the order of $35,000 annually or more<<
That’s large? My planning calls for MINIMUM $65K/year in today’s dollars (and I own my home free and clear). That gets me to subsistence.
I don’t know how anyone can make it for less after retirement. My plans do NOT include SS, which, if I get it, will be a nice bonus.
I am planning on retiring in 5 years, but I might shoot for sooner if possible.
9
posted on
10/19/2015 4:25:22 PM PDT
by
freedumb2003
(Don't mistake my silence for ignorance, my calmness for acceptance, or my kindness for weakness)
To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...
...270,000 people, including thousands in Wisconsin, who have been told by the financially troubled Central States Pension Fund that their pension payments must be cut, in some cases by 50% or more... But where the federal government stepped in to prop up giant investment banks after the 2008 crash -- a financial debacle the banks helped cause -- no bailout is in sight for Minerath and other retired Teamsters truckers.
Partisan Media Shills Alert!
10
posted on
10/19/2015 4:25:25 PM PDT
by
SunkenCiv
(Here's to the day the forensics people scrape what's left of Putin off the ceiling of his limo.)
To: afraidfortherepublic
My dad collected a full Teamsters pension (not central states fund) until the day he died.
He retired with 3.8 million logged miles.
But Social Security says it was income and docked him a good portion of it.
11
posted on
10/19/2015 4:25:40 PM PDT
by
Mariner
(War Criminal #18 - Be The Leaderless Resistance)
To: afraidfortherepublic
"It's going to take our living wage, comfortable living wage, and make it non-livable," said retired driver Thomas Botic, 69, of Pewaukee, who recently got notice that his $2,800-a-month pension would be sliced to $1,400. "And at (almost) 70 years old, I don't feel like going out and finding a new job. Typical dumb union types. This clown doesn't know the difference between a wage and a pension.
To: afraidfortherepublic
Their dues helped destroy America. No pity here. There was plenty of money made in indy trucking.
13
posted on
10/19/2015 4:26:10 PM PDT
by
Norm Lenhart
(Embrace "Cage Theory")
To: afraidfortherepublic
I am not a union fan, but the union leader/thugs/felons promised the money. If they cannot deliver, they should be dealt with by the law.
And if that fails, dealt with by the union members themselves.
In any way they chose.
To: afraidfortherepublic
Tom, how about all that money the union gives to elect Democrats.
15
posted on
10/19/2015 4:26:37 PM PDT
by
stockpirate
(The Republican leadership are all fascist/Socialists, just like the fascist democrats.)
To: afraidfortherepublic
"Fundamentally, the Central States problem, the single biggest thing, is they didn't get bailed out, when the Goldman Sachses and the JP Morgans got bailed out," Youngdahl said. "And they should have gotten bailed out." Big banks repay bailout money
http://abcnews.go.com/Business/story?id=7868310
And how would have the Teamsters repaid???
16
posted on
10/19/2015 4:27:23 PM PDT
by
DUMBGRUNT
(BINGO!)
To: plymaniac
>>The question is how did the Teamsters fail to preserve the capital needed to honor the known pension benefits. <<
Those funds have bee lining the pockets of the leaders and their Mob enforcers for years.
And I guarantee no matter how deep the cuts to the rank and file those green linings will continue as long as a dime is left to be taken from their “brotherhood.”
17
posted on
10/19/2015 4:27:42 PM PDT
by
freedumb2003
(Don't mistake my silence for ignorance, my calmness for acceptance, or my kindness for weakness)
To: afraidfortherepublic
Teamsters arent cutting their election spending by 50%, so they are siphoning $ from pensions to pay for politicking.
Must have a big election coming up...
18
posted on
10/19/2015 4:28:01 PM PDT
by
Southack
(The one thing preppers need from the 1st World? http://tinyurl.com/ktfwljc .)
To: plymaniac
After the Central States Teamster Fund built Las Vegas, they probably didn’t have a whole lot left for their members.
19
posted on
10/19/2015 4:28:11 PM PDT
by
donozark
(Herbicides improve visibility.)
To: afraidfortherepublic
we're old, pissed off and armed
don't f with us.
20
posted on
10/19/2015 4:28:27 PM PDT
by
knarf
(I say things that are true ... I have no proof ... but they're true)
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