Employed as: Employed in other capacity, for Less than 1 year
Posted: 28 July 2018
Sorry to burst your bubble RRJim, but Kick Ass is correct about the
Unions and RR Pensions.
The Teamsters are still run by the Hoffa Mafia, under Jimmy Hoffa's
son, Jimmy Jr. To think they cannot rob your RR Pension fund is
putting your head in the dirt.
Kick is correct with the Teamster mafia thing. And, the Hoffa
Teamsters now run the RR Unions. And they use heavy handed tactics to
keep the rank and file in line.
Back in the day, it is well known that Hoffa Sr. stole the teamsters
pension money, was jailed, then releases by President Nixon for a tidy
campaign contribution in the millions.
Hoffa Sr. tried to regain his President of the Teamster's title, and
he was murdered by the hit man who was his very best friend and whom
Hoffa had hired to murder his competitors and other antagonists.
The upshot of all this hoopla is that the teamster pension fund was
drained by hundreds of millions of dollars, even though it was
protected by the federal government, just like the RR pension fund is
"protected" by the federal government.
. So,with regard to the federally protected Teamster pension fund,
long story short, the " Feds", an oversight committee appointed by
yours truly Tricky Dick, appointed Federal trustees to handle the rest
of the multimillion dollar fund. Of course, with the remainder of what
was left of the Hoffa - Mafia - Teamster marriage, the balance of the
fund quickly disappeared. "Poof" as kick likes to say.
Can the same thing happen to the RR pension? Kick Ass obviously
believes so. I tend to agree with one exception. Get rid of the
Teamsters and you will save your pension fund.
If the RR Pension fund becomes "empty", like so many do - even
government pensions funds have bankrupted in the billions of dollars -
, even though "protected' but he government, RR workers will be
defaulted to Social Security, which pays far less than the RR Pension
would have paid.
One last bit of information that a lot of new hires do not realize and
uninvested RR employees do not realize:: it takes years to vest in the
RR Pension. The likelihood that you will cross that threshold is very
slim in this day and age with most roads cutting jobs due to high tech
innovations. Most of you will convert to Social Security. Which,
again, pays a pittance.
And dont count on the Washington Agreement if your company merges with
another RR and cuts you loose. That is a political hornets nest that
pays out to whomever the Company wants, legislation an laws aside.
Personally, the RR Union, being run by the Mob, should be fired.
Anyone would be preferable to the Hoffa run Teamster Union. They are
clearly not looking out for your best interests. If you think
otherwise, as Kick said, read the history. History repeats itself.