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Post by layvonne on Oct 4, 2011 7:20:27 GMT -5
It has been announced all over the news this morning that one of the things in the tentative contract is in order to get pay raises we have to give up our profit sharing. I sincerely hope that this is not true, because this will be the deal breaker in me putting trust in our union!
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Post by Dr. Death on Oct 4, 2011 7:31:23 GMT -5
Just make sure you read the highlights and the full contract that they say will be released to us before the vote.
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Post by thintwowin on Oct 4, 2011 7:35:02 GMT -5
God I hope not, they would have to be really big raises.
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Post by layvonne on Oct 4, 2011 7:42:30 GMT -5
Oh I plan on reading every word, every line, and everything in between!
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Post by ScottR@KTP on Oct 4, 2011 8:11:16 GMT -5
But everyone seems to forget that profit sharing does NOTHING to advance your PENSION...PAY RAISES INCREASE YOUR PENSION, NOT PROFIT SHARING. Fuck some profit sharing, show me some good pay raises then...
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Post by lap65 on Oct 4, 2011 8:30:41 GMT -5
I will take permanent pay raises over profit sharing any day.
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Post by thintwowin on Oct 4, 2011 8:38:42 GMT -5
$1.00 raise x 2000 hours = $2000 before taxes
Take u 2.5 years to get this years profit sharing. Minus ot
Fuk it I to tired to figure it up
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Post by ScottR@KTP on Oct 4, 2011 8:54:14 GMT -5
Last time I checked, you won't be getting profit sharing when you retire, but you will always get your pension as long as you or your spouse are living. Pay raises over some newly calculated profit sharing to fund VEBA.
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Post by lap65 on Oct 4, 2011 8:55:38 GMT -5
If we would have had a 3% raise every year since 2004 like we used to, it would equal around $70,000. Even at 1% it would still be $28,000. Plus profit sharing takes almost half in taxes. And thats at only 40 hours a week. Much more if we had overtime.
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Post by thintwowin on Oct 4, 2011 8:58:01 GMT -5
What does a pay raise have to do with your pension?
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Post by reedycreekbuc on Oct 4, 2011 9:06:27 GMT -5
It means more money every month when you retire. Your pension is based on your salary.
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Post by det309 on Oct 4, 2011 9:50:53 GMT -5
Funny,,,,, you work 4 years and get a raise. Those of us that have 10, 15, 20 plus years get none. Not even what we gave up 4 years ago. WOW
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Post by ScottR@KTP on Oct 4, 2011 9:59:09 GMT -5
It means more money every month when you retire. Your pension is based on your salary. What he said...your pension is based on your HOURLY RATE, has nothing to do with your profit sharing. Pay raises equal increase in pension...big ass profit sharing checks mean you still make the same monthly pension in 2015 as you would have if you retired in 2005...total bullshit. Not trying to call anyone out, but you have to know these things. Not knowing your pension is based on your hourly rate could cause people to vote without any knowledge on what they are even voting for or against. As most know, I'm a very passionate person...this contract is total horse shit. Ford's gonna make so much money on this contract while lowering their costs, and to top it off, our newly formulated profit sharing with a cap (not to mention the 10% funding VEBA) is a big 'ol slap in the face. Vote no and make them bring COLA back.
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Post by Jr on Oct 4, 2011 10:02:51 GMT -5
It means more money every month when you retire. Your pension is based on your salary. What he said...your pension is based on your HOURLY RATE, has nothing to do with your profit sharing. Pay raises equal increase in pension...big ass profit sharing checks mean you still make the same monthly pension in 2015 as you would have if you retired in 2005...total bullshit. Not trying to call anyone out, but you have to know these things. Not knowing your pension is based on your hourly rate could cause people to vote without any knowledge on what they are even voting for or against. As most know, I'm a very passionate person...this contract is total horse shit. Ford's gonna make so much money on this contract while lowering their costs, and to top it off, our newly formulated profit sharing with a cap (not to mention the 10% funding VEBA) is a big 'ol slap in the face. Vote no and make them bring COLA back. Totally Agree!!!
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Post by lapbrian on Oct 4, 2011 12:15:51 GMT -5
$1.00 raise x 2000 hours = $2000 before taxes Take u 2.5 years to get this years profit sharing. Minus ot Fuk it I to tired to figure it up Don't forget they only wanted to give us around $3300 for profit sharing last year. They can fix the books one year and 5 years later say oh we actually made more money then we thought that year but we won't see any of it. I'll take my money now.
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Post by elmer on Oct 4, 2011 12:57:37 GMT -5
Lap workers wont be getting a profit sharing because they where laid off. Some of you will get a small amount who are working now but not much.
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Post by Ktp1989 on Oct 4, 2011 17:38:42 GMT -5
$1.00 raise x 2000 hours = $2000 before taxes Take u 2.5 years to get this years profit sharing. Minus ot Fuk it I to tired to figure it up $1 raise per year means $2k 1st year...4k 2nd year....6k 3rd year...get the picture? This never goes away....23 years at ford and I have got maybe 10 profit sharings and some weren't much of anything. Guarentee is guarentee and it's for life and included in my pension...period.
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Post by thintwowin on Oct 4, 2011 20:40:44 GMT -5
Well it didn't happen anyways . Think they meant $1500 bonus instead of raises, not profit sharing.
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Post by layvonne on Oct 4, 2011 20:56:26 GMT -5
Ok let me repharse my words fro the beginning of this thread. I'm just basically saying that I don't care to give anymore up. I want raises, profit sharing, and cola. We have given up enough and it's time to get some of it back! I'm sure management will still get pay raises and bonuses etc. so why not share some of the love. Why must we continue to allow things to be taken away. It's time to give back. I'm just saying.
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Post by richatktp1 on Oct 4, 2011 21:57:40 GMT -5
I think management is trying to cap the pension fund. They have already eliminated the pension for tier-2 workers. They want to get a final figure and watch it decrease over time. We will never get another raise. JMO!!!
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Post by atltolap on Oct 5, 2011 14:26:37 GMT -5
Your pension is not based on your salary! It is a dollar figure per year of service. Please only make comments if you know what you are talking about
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Post by thintwowin on Oct 5, 2011 15:30:27 GMT -5
I think it's both. They use your highest pay of the last 2 years of credit service, plus years of service to figure it. Correct me if I am wrong please.
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Post by ScottR@KTP on Oct 5, 2011 16:03:35 GMT -5
Thintowin is correct...there is a BIG reason people attempt to bid on the highest hourly rate they can find in their final two years...hourly rate does matter.
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