|
Post by marcus on Oct 23, 2011 2:38:05 GMT -5
I was told those who are retired used to could draw SS and retirement at age 62 for one year.But under our new deal they can not.
|
|
|
Post by reedycreekbuc on Oct 23, 2011 6:59:47 GMT -5
Can you explain further? Who told you this?
|
|
|
Post by ktpgal89 on Oct 23, 2011 8:55:52 GMT -5
Can you explain further? Who told you this? Thought you weren't interested in retirees or what they lost?? See how it hits home now???
|
|
|
Post by lapquality on Oct 23, 2011 10:42:14 GMT -5
I was told that the other day..... this is only the beginning I'm afraid....... those that are looking forward to 30 and out be prepared....... SAVE, SAVE, SAVE!!!!
|
|
|
Post by ScottR@KTP on Oct 23, 2011 13:43:35 GMT -5
I don't see where this changed from the previous contract...Ford covers all of your pension until you start drawing SS...then they pay the difference that SS doesn't cover on your pension amount...example: they may pay all $3,000 the day you retire, but once you start drawing SS, and SS pays you $1600, Ford only pays you $1400.
|
|
|
Post by reedycreekbuc on Oct 23, 2011 13:46:46 GMT -5
I never said that wasn't interested ktpgal89. I just think those that complain should offer concrete solutions instead of just bitching that something is wrong all the time.
|
|
|
Post by golfalot on Oct 23, 2011 14:52:57 GMT -5
At age 62 you draw 75% of your SS. At age 63 you draw 80% of SS. Up until this contract you would draw your suppliment until you were 63 so you could draw 80% of full SS. That has been push back and your suppliment ends at 62 years. You lose 5% of your SS for life. Some call it the SS age creep. Years ago you could draw 80% SS at 62 yrs. The age gradually went up until now the age is 63 for people who come of age now. So it was in the contract to pay you suppliment until you could draw 80% of full SS. Now you draw your sup. until you get 75% of your SS. If anyone can explain this better please help.
|
|
|
Post by reedycreekbuc on Oct 23, 2011 23:22:45 GMT -5
Can you tell me what page of the contract settlement agreement this is on?
|
|
|
Post by bo862 on Oct 24, 2011 3:10:30 GMT -5
Can you tell me what page of the contract settlement agreement this is on? This has no place in the contract. The veba is administered 100% by the iuaw; ford should have no say in retiree payouts. The only reason this would be in the contract is to allow the iuaw to avoid the responsibility (blame) for their crappy management decisions, and put it on us. Veba is now a union issue. The way this was explained to me is that retirees were given a grace period to double-dip for a short period of time. This is what is being taken away. I would also like to see this if it is in the contract.
|
|
|
Post by marcus on Oct 24, 2011 5:51:54 GMT -5
Good post bo862.I know a few retirees that are very upset.
|
|
|
Post by golfalot on Oct 24, 2011 7:34:43 GMT -5
When the age for drawing 80% of your SS started to go up the suppliment was extended so retirees could draw 80% of their SS. Yes some and maybe most elected to draw both (double dipping) for a year and elected to take 75%. Now you have no choice. You lose 5% of SS and nothing to make up for the 5%. It was not anything extra only to stay even with past retirees who got 80% of their SS. Any way you look at it the retirees lost.
|
|
|
Post by reedycreekbuc on Oct 24, 2011 8:13:15 GMT -5
Okay, so this is a Social Security issue. Save your money!!! Don't rely on anyone for anything, especially the government.
|
|
|
Post by golfalot on Oct 24, 2011 15:10:03 GMT -5
It is a contract issue. It is a ngotiated benefit. It is in the contract. The point is before this contract you were paid your suppliment until you could draw 80% of your SS. Now you can only draw your suppliment until you can draw 75% of your SS. You lose 5% of your SS. Not because of the gov. because of the change in the contract.
|
|
|
Post by lap65 on Oct 24, 2011 15:12:34 GMT -5
Then please give us the page number.
|
|
|
Post by golfalot on Oct 24, 2011 15:23:18 GMT -5
It will not be in the book that the people on the floor get. Do not take my word for it. Ask the Building Chairman. He will have a copy of the entire contract. I am pretty sure if you ask him he will tell you this without having to look it up.
|
|
|
Post by bo862 on Oct 24, 2011 22:49:55 GMT -5
|
|
|
Post by golfalot on Oct 25, 2011 19:19:23 GMT -5
It would not do any good to read the whole thing. You will not see it in there. But it is in the big Book that your building chairman wil get. A lot of things are in that book that you will not see in your copy. Ask your building chairman or benefit Rep.or maybe a committee person will know or could find out. I know for a fact Steve Stone knows this off the top of his head. Not that it makes a differance now it has already passed.
|
|
|
Post by bo862 on Oct 25, 2011 20:38:48 GMT -5
Ok that is a place to start. If steve knows it then he knows the page #. The next time you speak to him ask him.
Btw this link is the FULL contract (aka "the big book") between IUAW and Ford; not the highlights.
|
|
|
Post by golfalot on Oct 26, 2011 7:49:58 GMT -5
Ok all I will say. All is definitely not in that book. You will not see all of the agreement. The chairmen has a book with all of the agreements with dates and signitures. A lot of which are not in the contract book passed out for the membership. You might ask him to let you see the book of the full contract with all of the agreements but you will not get a copy of it. I am not condemning or saying that there is anything wrong. I am just saying that there is another book with agreements that the general membership does not get a copy of. If every single agreement made were copied the book would more than likely be too big to be passed around.
|
|
|
Post by reedycreekbuc on Oct 26, 2011 8:43:04 GMT -5
|
|
|
Post by reedycreekbuc on Oct 26, 2011 8:47:34 GMT -5
I believe you can request a copy of every book. Of course it may be sometime in 2013 before we get them.
|
|