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Social Security Raises vs Ford Retirement


pmooret

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According to a recent article, Social Security recipients are projected to receive a COLA raise in 2020 of approximately $23.40.  Last years raise was $40.90. 

 

What was Ford's retirement raise for the same period for either current or future retirees, anybody know?  What raises have been given in the last 12-15 years on current or future retirement?

 

Link to article:

 

https://www.foxbusiness.com/personal-finance/social-security-check-increase-2020

Edited by pmooret
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Retirees have been paying for the last few contracts.How?No increases in LIB.Know how much $$$$ that saves Ford?Now that we have been effectively divided {new hires do not get a defined benefit pension}I don't expect there ever to be an increase in LIB.Those IUAW fat cat,mother fuckers gave themselves a 31% wage increase while negotiating a 3% increase for the actual,productive workers."Just keep showing up,reliably.Do the best job you can and of course,be compliant.Eat shit and show respect to management.Do whatever they say,,,,okay,,,and then you may still have a job."Meantime the mother fuckers at Solidarity House are buying liquor and strippers to light their cigars because its fun to be lazy and pampered.STRIKE!!!!!!!!!!!!!!!!!

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6 minutes ago, Ididntdoit said:

no pride here for Shitcago or their ghetto union thugs, but I do have common sense to get the separation package before the titanic sinks.

It would be nice to have a pension buyout to 401K rollover option available. Workers with more than 20 years in know that even though they have less than 10 years to go, the company could go bankrupt very quickly if certain things play out against them. Endless recalls, a major recession, class action lawsuits, tariff wars and electric/autonomous investment failures could all drain Ford's cash reserves and make bankruptcy a reality. If you don't have 30 years in or have 85 points, you get NOTHING if they go bankrupt. The pension fund is only paid out to those who are fully vested and eligible to retire. The fund would give reduced payments to those eligible until it runs out. If you had 29 years in, you're not eligible yet, so you'd get nothing. Having another option for workers NOT confident in Ford always staying afloat is smart. Some people would want a guaranteed half the money than a possible no money at all.

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1 minute ago, deflep1 said:

It would be nice to have a pension buyout to 401K rollover option available. Workers with more than 20 years in know that even though they have less than 10 years to go, the company could go bankrupt very quickly if certain things play out against them. Endless recalls, a major recession, class action lawsuits, tariff wars and electric/autonomous investment failures could all drain Ford's cash reserves and make bankruptcy a reality. If you don't have 30 years in or have 85 points, you get NOTHING if they go bankrupt. The pension fund is only paid out to those who are fully vested and eligible to retire. The fund would give reduced payments to those eligible until it runs out. If you had 29 years in, you're not eligible yet, so you'd get nothing. Having another option for workers NOT confident in Ford always staying afloat is smart. Some people would want a guaranteed half the money than a possible no money at all.

 

Exactly, as it stands now there's no guarantee that in 10 yrs from now Ford sells closes or is reduced to barely nothing. After seeing what the teamsters are dealing with pensions issues I'm not risking my retirement on hopes there will be money for when I'm eligible. 

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After a brother and two cousins found out at Bethlehem about bankruptcy proceedings first hand (60 cent on the dollar for pension benefits from the government) and how there are no health benefits after bankruptcy, I`ll consider a pension investment buy out. We invest into something every year we work and can become a number on a debtors listing that will guarantee $1440.00 a month from a $2400.00 monthly pension benefit check. Ever look in to buying insurance after working 30 years and having none?

 

Legacy is just another term for corporate debt.  

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