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United Automobile Workers of America (UAW)

16720 messages,  Last post on Dec 02, 2009 at 6:49 AM

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#5019 of 16720
Re: UAW [cooterbfd] by imidazol97
Nov 17, 2008 (5:36 pm)
Reply

Replying to: cooterbfd (Nov 17, 2008 5:08 pm)

Are you saying that the PBGC doesn't pay the full amount of the pension?...
 
--charlie
#5020 of 16720
Re: UAW [cooterbfd] by imidazol97
Nov 17, 2008 (5:42 pm)
Reply

Replying to: cooterbfd (Nov 17, 2008 2:34 pm)

>Sorry Charlie,
 
Who's Charlie?
 
What companies have CUT retiree healthcare and checks
 
A neighbor of a close friend had his pension cut and healthcare costs were increased. I don't know if it's a national company from which he retired or not. I'll ask our friend when I see her next. She had him paint her home and do some interior paint and light remodeling work because she felt sorry for him.
 
A parent in a group my son was in kept finding the national company for which he worked kept changing the promise for healthcare for retirees. He hadn't retired yet but what I understood is that the company kept paying less and less. He also kept fighting the changing amount of retirement if he did retire. I don't see him often to ask how it turned out.
 
In GM's case the retirees need to take a reduction to help keep the company going. Otherwise..., no sympathy.
#5021 of 16720
Re: UAW [imidazol97] by cooterbfd
Nov 17, 2008 (5:50 pm)
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Replying to: imidazol97 (Nov 17, 2008 5:42 pm)

Retirees get their money out of a fund that is separate from the company's cash on hand.
#5022 of 16720
rocky... by iluvmysephia1
Nov 17, 2008 (6:23 pm)
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all I'm saying is a prudent UAW worker should be thinking about re-training. Now.
 
Maybe start taking some action toward re-training. Your "facts" don't hide the fact that you avoid: not enough people want GM, Ford and Chrysler products. Should the U.S. be involved in throwing hard-earned tax monies away?
 
Poor planning and management has equalled big-time trouble and throwing a very expensive Band-Aid at this while a lot of peope in all trades and industries are also losing their jobs isn't making good common sense to me.
#5023 of 16720
Re: [rockylee] by gagrice
Nov 17, 2008 (6:38 pm)
Reply

Replying to: rockylee (Nov 17, 2008 3:40 pm)

My father has a modest pension nothing like gagrice, gets or wages gagrice, made
 
Not sure what you mean by modest. I can tell you after 37 years in the Teamsters my retirement is not even close to the guys in the IBEW or Operating Engineers. Plus I did not get any health care or dental. That would have equaled about $950 per month. So if your dad gets Health care he is ahead of me there. Then when you take into consideration the fact that I was remote the last 25 years that should be worth something. I would imagine your dad was home most nights. Where I was in a 10 X10 cubicle for half the nights of those 25 years. Again anyone wanting to go remote there are plenty of jobs for those with skills. One of my friends retired at 57 or 6 years younger than I did with twice the monthly pension I get. He was a mechanic on the pipeline and put in a lot of 12 week shifts 12-16 hours per day.
 
Is your dad old enough to retire? If not he should be looking for a job to supplement his pension until SS kicks in.
#5024 of 16720
Re: rocky... [iluvmysephia1] by lemko
Nov 17, 2008 (7:20 pm)
Reply

Replying to: iluvmysephia1 (Nov 17, 2008 6:23 pm)

Retrain for what?
 
Computers? Maybe if he wants to work in Bangladore.
 
Health Care? Good call, but if everybody is unemployed, underemployed, or uninsured, how is he going to get paid?
 
Trades? All the tradesmen are having a tough time due to the housing crunch. Heck, even the illegal immigrants who did such work are going back over the border.
 
Law Enforcement and Prisons would be a good choice, but if the tax base is decimated, who's going to pay for all those police and correctional officers?
#5025 of 16720
Re: [gagrice] by rockylee
Nov 17, 2008 (7:53 pm)
Reply

Replying to: gagrice (Nov 17, 2008 6:38 pm)

My father is young enough to work still if he had too. Will be 52 in a few months. He is thinking about becoming a Toyota Embroidery Machine Technician because he knows how to work on them better than the guys who are certified. He also is looking into getting a certificate to do peoples taxes for another partial income thus he has some things to fall back on in a crunch !!!
 
I assume most of ya'll seen the video I posted. If the Big 3 fail this country is done !!! What's good for Big 3 is good for America. If we can give a bunch of money to sleazy Wallstreet executives to spend on spa resorts or on a worthless war in Iraq, that had nothing to do with 9/11 we can sure in the hell bailout the Big 3. It's a loan and once we fix trade and currency manipulation GM, like many struggling domestic manufacturers will be better off. I would love nothing better than to not only see General Motors, build the future green vehicles but also get involved in building other forms of transportation i.e. bullet trains, jet airplanes, etc.....
If the tax payers want to guarantee GM, success give them contracts to build some of these green technologies here in the U.S. We have plenty of nice but empty facilities here in Michigan. Delphi Coopersville, MI. plant comes to mind as a place that is already wired for big time manufacturing yet it still remains a empty plant last time I knew.
 
-Rocky
#5026 of 16720
Re: UAW [imidazol97] by rockylee
Nov 17, 2008 (7:55 pm)
Reply

Replying to: imidazol97 (Nov 17, 2008 5:36 pm)

PBCG, only pays 60% I was told !!!
 
-Rocky
#5027 of 16720
Re: UAW [cooterbfd] by rockylee
Nov 17, 2008 (7:56 pm)
Reply

Replying to: cooterbfd (Nov 17, 2008 5:50 pm)

Retirees get their money out of a fund that is separate from the company's cash on hand.
 
Correct and it's with Fidelity !!!
 
-Rocky
#5028 of 16720
Re: rocky... [iluvmysephia1] by rockylee
Nov 17, 2008 (8:03 pm)
Reply

Replying to: iluvmysephia1 (Nov 17, 2008 6:23 pm)

Maybe start taking some action toward re-training. Your "facts" don't hide the fact that you avoid: not enough people want GM, Ford and Chrysler products.
 
Well that's not true either because GM, still sells by quite a large margin more automobiles than Toyota, here in the U.S. last time I checked !!!
 
Should the U.S. be involved in throwing hard-earned tax monies away?
 
Invest $25 billion now or lose $160 Billion in 3 years thus the choice is yours !!!
 
Poor planning and management has equalled big-time trouble and throwing a very expensive Band-Aid at this while a lot of peope in all trades and industries are also losing their jobs isn't making good common sense to me.
 
I would throw more than $25 billion at the problem. I would give the Big 3 a $100 Billion Dollars and with that money with government oversight I would award them contracts to build locomotives, military equipment, etc.....
 
-Rocky

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