Memo: To The Soon To Retire!
Mismanagement of Central States Fund will make you work into you are the ripe age of 80. The leadership of our Union has failed us again. 3 billion in losses is the tip of the iceberg! What this means to you and your family is more than just a few years left to retire. Who will send you the that pension check? This is why it’s so important to take this contract seriously, because it starts with the fund and ends with contract that is suitable for us all. The Teamsters are at the verge of Bankruptcy if this fund doesn’t do better in the free market. Three billion dollars is a lot of cash to gamble in the times we live in. They might be waiting to see if the government will bail them out too. This is very concerning and the $109 a week per man will not salvage this debacle. They will need thousand of drivers to be hired and fired and never meet the five year vested period, to maintain the fund. Not only in our industry, but in freight too. Read some of the language in that grand freight contact, those poor guys got. Hoffa came out of his XXL boxers when that was ratified! Ask them guys about the best contract ever. How can that happen you may ask? Let this new contract be anything like the last, and we will all be doomed. Read the language of the last contract and match it with the new one, and base your decision on what would you do if you had a 3 billion dollar deficit on your watch.

September 20th, 2008 at 9:03 pm
3 BILLION WAS ONLY A START, HOW MUCH DO YOU THINK THEY HAVE LOST THIS PAST 2 WEEKS,,,,THE GOVERMENT WILL NOT BAIL OUT THE PENSION FUND, THEY WILL TAKE IT OVER, AND WE WILL RECEIVE ONLY A PERCENTAGE OF OUR PENSION,,, EVERYONE NEEDS TO READ A LITTLE OF THE FREIGHT CONTRACT, ESPECIALLY THE PART WHERE THE FREIGHT COMAPNIES HAVE TO PAY LIKE $50 BUCKS FOR EVERY TRAILER THAT’S HAULED BY A SCAB OUTFIT,, AND THAT’S UP TO 9% OF THERE FRIEGHT AT THE END OF THE CONTRACT,,,HOW MANY LOST JOBS WILL THAT BE,,,,, THE ONLY BRIGHT SIDE IS THAT THEY ARE PAYING IT INTO MY PENSION FUND ALSO…. THAT WOULD BE LIKE HAVEING A UNION COMPANY PAY $7.00 FOR EVERY VEHICLE THEY TRIP LEASE TO A SCAB OUTFIT…… NEW PENSION PLAN WORK TELL YOU DIE!!!!!