Jump to content

Decker

Member
  • Content Count

    1,334
  • Joined

  • Last visited

  • Days Won

    22

Decker last won the day on October 31 2019

Decker had the most liked content!

Recent Profile Visitors

1,295 profile views
  1. Decker

    Local 600

    Isn`t here an old school saying about those candidates that throw out the "be smart" and reference they are the "honest" candidate.... oh wait isn`t that the opening line of the IUAW Incumbent Caucus?
  2. Decker

    BUYOUT...When Do We Leave??

    Dam you hit that nail on the head cal50
  3. Decker

    Romeo buyouts

    Yep Fuzzy that’s what is being stated about Romeo here also. It sounds like one very long and drawn out process of closing a plant.
  4. Decker

    Romeo buyouts

    This was in my highlights handout.... It`s on line also. Maybe our current appointed President could call our formed President and ask him to call our retired President and ask if someone made a side deal on this contract language? Gotta watch umm PistoPete OPTION 1: Special Retirement Incentive (SRI) – Eligible active employees impacted will be offered a payment of $75,000 (production) or $85,000 (skilled) if they exercise their right to retire. OPTION 2: Pre-Retirement Employees with 28 years of service will receive $3,000 per month/max 24 months. Employees with 29 years of service will receive $3,250 per month/max 12 months. Employees growing-in will continue to receive Health care benefits. Member Assistance Package – Romeo Engine 210C OPTION 3: Special termination Employment Program (STEP) Employees with 0-5 years of service: $7,500 Employees with 5-10 years of service: $22,500 Employees with 10-20 years of service: $67,500 Employees with 20-27 years of service: $75,000 OPTION 4: Training Assistance – Employees electing options (2) and (3) will be eligible for tuition assistance of up to: 1-3 years of service: $6,400 3-4 years of service: $7,400 4+ years of service: $8,400 By mutual agreement, the National parties will determine the time of the above special offerings. Details of the Special Program offerings will be jointly agreed upon and presented to all identified eligible JSP-eligible employees.
  5. Decker

    Romeo buyouts

    $75K ???
  6. Decker

    BUYOUT...When Do We Leave??

    Death.... the ultimate "reduction" in benefits
  7. Decker

    BUYOUT...When Do We Leave??

    If you have 31 years then multiply that by LIB code C which is 53.80 (my LIB code as listed in the 2015 agreement, group leaders might be a higher code possibly) that would equal what your pension benefit would be if you were to fulfill the age requirement. My full pension at 31 years would be a pension benefit of $1667.80 at 62. Now if you look at the age requirement chart for age 56, the column under Percentage of Life Income Payable you will see the percentage of payable pension benefit is 63.5 percent. With my $1667.80 for age 62, it is then reduced to $1058.54 at age 56. Now my $1667.80 is based on my hourly rate and will be slightly different from all other LIB code`s because of a different hourly rates. Your $980.19 and my $1058.54 is about $68 different that is nothing more than different rates of pay causing that slight difference. But there is the reason your $98019 is 63.5% of your full pension benefit. If the supplement (bridge benefit) has raised to $2097.65 (from my generalized $1200 estimate) that is great. But if your figure is correct and I have no reason to think or assume it is not, there are to things to realize. First the deductions on the bridge and pension check of $3077.80 would be reduced by $861,56 (28% total) for a total tax deduction State, Federal, FICA and all the other taxes. Which would make the monthly combination benefit check looking more like $2216.28. In the event you elect to do a survivors benefit coverage at the 50% rate the combined monthly check would look more like this $1916.28. On your 62 birthday that will be your last month for the $2097.65 part of your monthly gross benefit amount. You will receive the very next month your first pension check at $980.19 gross. Now if you can get into a total tax rate of 20% on your 62 birthday (good luck with that) your tax deduction will be $196.03. The first pension check after your 62 birthday would look like $ 784.16, Then there is Social Security, full benefit has an age requirements also. In my situation 66 years and 4 months is the only way I will receive full benefit checks. If I elected to sign up for social security at age 63, as calculated on last weeks letter from S.S. Administration I would see a $780 (approx.) a month reduction from my full benefit at 66 and 4 months. Why I say "my" benefit because almost every member has a different annual earnings total and that is averaged in the last 7 years before applying for social security and that income average is what social security factors when calculating everyone's monthly benefit check. If you only have claimed/taxable income of a Ford pension/bridge benefit income from 56 to 62 that will reduce your current estimated "full" social security payable benefit check. Then applying for social security at age 62 your social security payable benefit will be reduced again. These reductions in your social security benefit check will not in most cases equal your bridge benefit that stopped at 62 and 1 month. "If" in some far reaching long shot the social security and pension checks gets close to reaching the pension/bridge benefit check for $3077 a month (it won`t) The combined total once a month of $1916 take home pay... might take a little time to adjust too, for some members. Oh... the $784.16 pension benefit check will be reduced for survivor benefit coverage and VEBA copays, also. https://uaw.org/uaw-auto-bargaining/fordcontract/ scroll down to this "CLICK HERE FOR THE 2019 CHANGED PAGES BOOK" Then scroll down to the volume II page "39 D" which is the book page "554" here you will find LIB codes that base hourly classification rates determine. Even with this information some guessing will need to be done. Because as always this is a PDF that isn`t complete. Wonder when we will receive an actual hard copy, 2022???
  8. Decker

    BUYOUT...When Do We Leave??

    Yes taxes and spouse survivor benefit will be deducted from your monthly check. If you select a 50% spouse survivor benefit that is separated deduction listed on your check every month for about $300. Note to payer of spouse survivor deductions... there is no refund if your spouse just happens to go first. VEBA copays vary with coverage options. Ford retiree`s are listed in VEBA as "protected". This allows for certain options like a one time $20 copay per prescription for a year if you choose a certain provider. I think that $20 would be a payroll deduction process. Members have been kept in the dark by those that represent the same members that pay for the representatives retirement plan and retirement health care plan with no reductions and no copays for so long. Then there are the retired members that talk that "I" get a $3800 a month pension check and "I" get a $3200 a month from S.S. check also for such a long time that the average member can`t figure out what is the payout or coverage. But its right there in black and white. Then the bullshit of "if you work thirty years you get a full pension" or "after thirty years you should be able to retire" or "the after I get thirty I will not need that much so I`m retiring".... after doing a term as secretary/treasurer during the first round of, why they call them buy outs beats me, retirement incentives and severance agreements I didn`t have one day after the checks were received that 10, 20 or more members were there asking questions and making statements like, "no one said I couldn`t change my mind"... "why can`t I pay back the money (some even said through payroll deduction) and come back to work?" and one of the best was "how do I reapply as an entry level employee?" Now there was the happy, successfully retired members but dam they never darken my office door. Or for that matter were never seen at the hall again. I`d run into them at different public places having dinner or shopping. (there were a few I bumped into while shopping that asked if I`d like a shopping cart...) People this shit is real, it is in and has been in the volume II for a long time. If someone says there isn`t a penalty they are correct because its not a penalty it is a reduction in your monthly benefit check. The reductions are deduction just like taxes they are pulled before you even see the check. Reduction are unlike taxes in that taxes will reduce in time, reductions stay the same for the rest of your life. I wish all ready to jump... all the luck and happiness retirement should bring. But, when time comes to pull the cord I hope their planning parachute is in great condition.
  9. Decker

    BUYOUT...When Do We Leave??

    "If you 30 years there is no penalty from what I was told by the benefits rep." 30 years of service times LIB code "C" which is $53.20 equals $1596.00 a month before taxes. You will receive 100% of the $1596.00 LIB if you are 62 years of age. At 58 years of age your code "C" LIB monthly check will be reduced (not penalized) by 24.8% for a monthly total of $1200.19. Now add a ball park figure of your bridge benefit of $1200.00 to the LIB of $1200.19 and until you reach 62 years of age your monthly check will look like this $2400.19. The month after you reach 62 years of age that will be the first month your monthly Ford check will look like this $1200.19. Then if you apply for S.S. at 62 years of age you will see the next group of reductions. In my case 66 and 4 months is the age I will need to be if I want full S.S. benefit per month. At 62 and 1 month I will lose just over $900 a month for ever from the full S.S. monthly benefit. There are no listed "penalties", just requirements that have to be met to get the 100% LIB. For every lack of meeting the requirement there is a reduction. Both Thomas and Sergio would point to page #228 in volume II of the 2015 master agreement also, good luck Cecil.
  10. Decker

    BUYOUT...When Do We Leave??

    Not at CAP. The agreement can be accepted, paperwork signed and it still would be a "TBD" situation..... on the get outta jail date.
  11. Decker

    More federal investigations

    They (Feds) are on the local level, just ask anyone at Local 12 in Ohio. Seems they had a retired member receive some "lost time" ($8400 or so) that didn`t at up to the Fed`s.... Former UAW Local 12 officer faces federal charges Jan 9, 2020 2:47 PM Federal embezzlement charges have been filed against a former United Auto Workers Local 12 official accused of stealing nearly $8,500 from the union. Douglas Dye, who was an electrician in UAW Local 12 and unit chairman, is charged in U.S. District Court in Toledo with embezzlement, theft of labor union assets, and falsification of financial records required to be kept by labor unions. The Blade attempted to reach Mr. Dye for comment, and court records did not indicate that he was represented by an attorney. Additionally, The Blade left a message for Local 12 President Bruce Baumhower. From June, 2013, through April, 2016, Mr. Dye allegedly stole about $8,443 from the union by writing about 56 vouchers to Local 12 for unauthorized lost work time. He was paid for that unauthorized lost work time, according to the indictment. The entry was required to be reported in the annual financial report of the UAW Local 12, which must be filed with the Department of Labor. An arraignment date before Magistrate Judge James Knepp, II was not scheduled as of Thursday afternoon. Wonder when the Chicago Office will be bring paperwork to our hall looking for a retired Secretary/Treasurer - Regional 4 Auditor - IUAW Auditor ….? As the old saying goes "running away (retiring) won`t change the charges"
  12. One change at FRAP is apparent at CAP for sure, got the FRAP plant manager moving his family to the windy city. I can almost hear it, I`m here to implement a change... we will put CAP back in its rightful place as a world class facility... one team, one Ford...
  13. Decker

    BUYOUT...When Do We Leave??

    Questions Questions..... This may or may not help with one repeated question, "yes" your age will reduce your payable monthly LIB percentage. For a simplified explanation, if a member is calculated to receive $100.00 a month for their LIB and this member is 59 years old. The $100.00 LIB check will be issued for $80.80. The member will only receive a check for $100.00 of the calculated LIB if the member is 62 or older years of age. A member with "85" points and wishes to start receiving LIB payments, the member is 60 years old with 25 years of service which satisfies the 85 point requirement. Being age 60, the member will be reduced to $86.70 for every $100.00 of LIB. If calculated at "my" LIB, 25 years of service will come to $1329.50. With the age reduction this will produce the payable amount to $1152.67. Then there is the bridge benefit of "approximately" $1200.00 a month that will be paid till the member reaches 62 years of age. This will be a total payable monthly benefit of $2352.67. Remember at age 62 the bridge benefit automatically drops. Then if a member applies for S.S. benefits at age 62 or so, the S.S. benefit is reduced because of the age of the member. In most cases the S.S. reduced benefit will not equal the bridge benefit that was dropped. Of course, the $2352.67 is before taxes. For those that were under the impression that any of the rumor`s were true, just do the math and things will look real different from the "I heard" - "they said" accountants. Then one thing for sure the only way a member will receive full calculated LIB is to have "30" years of credited service and be celebrating their "62" birthday. One last thing, "yes" there is a long list of deductions Ford will calculate and... reduce any retirement incentive benefit prior to depositing. With no other deductions then taxes, a $60.000.00 retirement incentive check will look closer to $41,617.52. Hope this helps my friends and members at CAP.
  14. Decker

    More federal investigations

    All the local`s are ran by the region`s, the region`s are ran by....? Even if you are elected and don`t give in to the bull shit they will trump (no pun intended) up something stupid and have the sheep start the rumor mill and then the drop letters and you are out the way. I learned and experienced that bull shit first hand.
  15. You are kinda correct but the elections did little compared to the Fed`s over sight for the last 30 or 35 years. The IUAW has done their planting of the corruption seed so deep that if the Fed`s keeps digging every IUAW, every Local and every supplier referred by IUAW will prove out in the same boat as the current and last 4 or 5 administrations. Pay to Play - Groomed for Elected position's - Made Men (Women) - etc etc etc Nuttin new here people just a method of business that has been in place for many year annnd like so many other organizations that think they got everything under control (bullshitted sheepies in line) then the light gets turned on. Then the he/she was such a nice person or he/she never came across as someone who would..... well maybe another NETFLEX story line?
×