Jump to content

Powertrain Pimp

Member
  • Posts

    61
  • Joined

  • Last visited

Powertrain Pimp's Achievements

3

Reputation

  1. I understand that the IRS limits the amount of pre-tax dollars one can put in, but it would be NICE, if the company would allow one to defer taking payment until next year so that one could place this money into TESPHE. I can't tell you the amount of people I know who contribute little or nothing towards their retirement, either through a 401k or some other vehicle. If you're banking on a nice pension and social security to take care of you in your golden years, you may want to think again. Also, you are spot-on with your Roth IRA comment. It is a great vehicle to save money and NOT pay any tax on it when you cash it in. Unfortunately, I do not qualify for a Roth since I file married jointly and my AGI is too high. Filing married jointly is a requirement to participate in a Roth IRA. I knew that there was no limit on AFTER Tax dollars put into TESPHE, but I didn't know you could transfer money into your TESPHE from another financial insitution. I thought it had to be done through your employer sponsered plan only.
  2. What about employees who have their TESPHE maxed out for the year? Will they be eligible to defer this years payment towards next year's TESPHE contributions? Albeit this is a small majority of the total hourly workforce, why should the savers be penalized for maxing out so early in the year?
  3. I thought the 1850 hour cap was for employees on active military duty? You're saying its for ALL employees? We work on avg. 2080 year and we can only contribute 1850 (88%) of those hours? Please explain the cap thing. Is it like GM where you can only max out at 12B in one plan year? Thanks!
  4. Does anyone out there know where one could locate the "new & simplified" profit sharing formula? I downloaded the white pages from uaw.org and its not in there, or I'm blind. There are a lot of rumours surrounding this new formualtion, and I would like to read what the new language says. Any help would be greatly appreciated!! Thanks!!
  5. I can't speak for all engine plants, but I know that Lima Engine does not fire the engine. They only cycle it through a cold test at the end of line. Hot Test, I've heard, is too costly (fuel prices/EPA Regs/ETC) and that is one of the reasons why they have gone away from it. I hope this helps.
  6. Doesn't anyone at your plant drive a diesel? Does your plant accomodate them? I know some plants have power in the parking lots for diesel's to plug into in the winter to keep the glow plugs warm. I highly doubt, though, Ford will power up the parking lots to accomodate anyone who wishes to drive a hybrid electric vehicle.
  7. Adrian Price has been promoted to Director, Global Ford Production System. He will directly report to John Fleming, Executive Vice-President, Manufacturing and Labor Affairs. Your guess is as good as mine as to who LEP's new plant manager will be.
  8. I too, see the company going for more consolidation of trades and production classifications. The company wants to take the 3A Approach to employees: ANY employee on ANY job, At ANY time. Their dream would be to have just one classification: Worker.
  9. I agree with taking it to another dealer. I would also recommend talking to your Dealer Panel Rep in your plant. I have found that they can get dealerships motivated to help when the right phone calls are made. Good Luck with your issue!!
  10. http://www.miseryindex.us/urbymonth.asp I don't know how you think that 9.8% unemployment is a record high. Under Reagan, from September of 1982 through June of '83 the unemployment level was over 10% Not spin doctor rhetoric, just the facts.....
  11. GM is not saddled with nearly the amount of debt as Ford. So, this in turn gives them a better looking balance sheet. GM has a better gross cash to debt ratio than Ford. Filing for bankruptcy protection from their creditors did not forgive all sins, but it forgave a lot of them. One of my economic professors in college once told me to think of it this way: Imagine if you will GM is a funnel. Pour in good publicity for them in the top, i.e. Taxpayers are getting some ROI from the bailout, and out the bottom of the funnel comes a good stock price. Pour in some bad news at the top of the funnel, and a low stock price may come out of the bottom. Our time is coming, just be patient my friend.......
  12. http://news.yahoo.com/s/ap/20100405/ap_on_bi_ge/us_toyota_recall Serves 'em right........
  13. Hey.......at least we got one....that's a start........
  14. Rumored to be in the '13 - '14 model year. Soooo, I would think an annoucement and install would be commencing soon...
×
×
  • Create New...