tooltime Posted February 27, 2015 Share Posted February 27, 2015 "As of today, a total of 314 entry-level employees have transitioned to the full "new traditional" wage scale, including 78 employees for the week ending February 22. These transitions are in accordance with the 20% entry-level formulas negotiated as part of the 2011 Collective Bargaining Agreement. For more information, please visit : http://uawford.org/entrylevel/" Source- uaw ford facebook page The Detroit News Claims this windfall of full wage transition will continue hitting 500 by the end of April Thank You UAW !!!!!! 1 Quote Link to comment Share on other sites More sharing options...
mnm Posted February 28, 2015 Share Posted February 28, 2015 Yeah thanks for eliminating pensions for ALL future employees forever. Slipped that one in didncha'? Everyone assumed that once the tier 2 transitioned to full pay, they would enjoy all the benefits the usual "legacy" employees do. Oh no wait, now there is a third class of employee with full pay but no pension? I dont remember reading about that in the contract highlights. Would the last contract have passed if the highlights headline read " ALL FUTURE NEW HIRES WILL NEVER BE OFFERED A PENSION. ONE OF THE GREATEST BENEFITS EVER NEGOTIATED, ARE NOW ELIMINATED FOR ALL EMPLOYEES HIRED FROM THIS DAY FORWARD"? I have a feeling the vote would have been different. 1 Quote Link to comment Share on other sites More sharing options...
mnm Posted February 28, 2015 Share Posted February 28, 2015 (edited) Dub post... Edited February 28, 2015 by mnm Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted February 28, 2015 Share Posted February 28, 2015 Pensions were never going to be sustainable for anyone. It was a benefit bound to go away eventually. Even most municipalities have figured that out and are moving to stock based accounts. From what I've read, the TESPE is one of the better versions out there. Not to mention I have more control over it in the future. It's one change I do like. Quote Link to comment Share on other sites More sharing options...
mnm Posted February 28, 2015 Share Posted February 28, 2015 The stock market is a sucker's bet. Enjoy working into your 80's. Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted February 28, 2015 Share Posted February 28, 2015 The stock market is a sucker's bet. Enjoy working into your 80's. To the uneducated, yes. It's not hard to find a safe bet long term fund. There's plenty of options out there Quote Link to comment Share on other sites More sharing options...
littlecountry Posted February 28, 2015 Share Posted February 28, 2015 ENTRY LEVEL DENTAL INSURANCE: You are eligible for Dental insurance and Eye exams (through SVS), beginning the first day of the month following 3 years of service. The insurance starts automatically. You should check with your benefits Rep about the info you have about it being 5 years Quote Link to comment Share on other sites More sharing options...
Dayshift Posted March 3, 2015 Share Posted March 3, 2015 The stock market is a sucker's bet. Enjoy working into your 80's. I've trippled the money i've invested over the past 10 yrs. Lost my shurt i the dot com crash but have learned a lot since then. My Ford tespee account is worth more than my Ford pension (22 yrs senority) to date. I am thankful for my pension but with diligence you can do just as well with your 401K. Read all you can and actively manage your account. UAW needs to fight for larger match. Quote Link to comment Share on other sites More sharing options...
daveyb Posted March 20, 2015 Share Posted March 20, 2015 Yeah thanks for eliminating pensions for ALL future employees forever. Slipped that one in didncha'? Everyone assumed that once the tier 2 transitioned to full pay, they would enjoy all the benefits the usual "legacy" employees do. Oh no wait, now there is a third class of employee with full pay but no pension? I dont remember reading about that in the contract highlights. Would the last contract have passed if the highlights headline read " ALL FUTURE NEW HIRES WILL NEVER BE OFFERED A PENSION. ONE OF THE GREATEST BENEFITS EVER NEGOTIATED, ARE NOW ELIMINATED FOR ALL EMPLOYEES HIRED FROM THIS DAY FORWARD"? I have a feeling the vote would have been different. Dude. You need to post this as a new topic dealy. This is the TRUTH about what happened when we 'renegotiated'. Quote Link to comment Share on other sites More sharing options...
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