ktp22
New Member
Posts: 5 
|
Post by ktp22 on May 18, 2010 10:25:25 GMT -5
I was told by a very good source that the company wants it in the 2011 contract, but the uaw is fighting it. The uaw wants a larger veba payment than ford is offering, and they didn't want all the $14 people to replace us.
|
|
|
|
Post by bo862 on May 18, 2010 13:45:05 GMT -5
After seeing how the company can convince the members to screw retirees there is no way I would take 20 and out. Add in the fact that 20% of the membership are going to be pissed that they were screwed and brought in at half the wages of everyone else retirees would probably be let go all together!
|
|
|
|
Post by ScottR@KTP on May 18, 2010 14:02:59 GMT -5
I would jump on it as long as it still included 'full retirement'. Sad part is I would only be 41...would still do a little something to stay busy.
|
|
|
|
Post by Ironman2301 on May 18, 2010 14:24:42 GMT -5
I would jump on it as long as it still included 'full retirement'. Sad part is I would only be 41...would still do a little something to stay busy. AGREE SCOTT!!! |
|
|
|
Post by lucero on May 18, 2010 14:47:13 GMT -5
I would jump on it as long as it still included 'full retirement'. Sad part is I would only be 41...would still do a little something to stay busy. I hear ya Scott, only I would be 50. (damn pups). |
|
|
|
Post by tiger66 on May 18, 2010 15:45:31 GMT -5
Id say 98 percent would be gone. They would have to train a new work force. Sun and suds for all
|
|
|
|
Post by ktpschd on May 18, 2010 16:53:56 GMT -5
That blur you see will be my fat ass headed to the door!!
|
|
|
|
Post by ackspac on May 18, 2010 16:56:37 GMT -5
I would take 20 and out with full retirement! I would be 53 by then , that is if my ILO status changes after the retooling.
|
|
|
|
Post by marcus on May 18, 2010 17:33:44 GMT -5
20 and out would not be good I dont think.We go out with 20 they replace us and then the new members making half our pay would cut our heads off.
|
|
|
|
Post by Calvin@KTP on May 18, 2010 19:19:39 GMT -5
Exactly. You would be retired for 30 years. They would have the membership making no money with no pension and no benefits. They would vote to cut retirees benefits everytime.
|
|
|
|
Post by ScottR@KTP on May 18, 2010 20:54:16 GMT -5
Well, they would have to change the contract again...because the way it reads now, only 20% of their workforce will be earning the new wages while the other 80% make what we make. So if 95% of us left, new hires coming in would be able to make our wages.
|
|
|
|
Post by JoePieper on May 18, 2010 23:32:30 GMT -5
The day they tell me I can retire I am outa here. Whether it is 46 or 56 only time will tell.
|
|
|
|
Post by lariatv8 on May 19, 2010 3:23:29 GMT -5
Scott, please explain that 20% of people making $14/hour and teh 80% at current wages. And how does that change as more people retire. I never really understood that. When more people retire do that move the lower wage people up the wage scale? I hate to sound simple but I am just not getting that part.
|
|
|
|
Post by panheadred on May 19, 2010 6:09:45 GMT -5
If they ever offer that deal, everybody better get outta the way to the door, cause I'm outta here BABY !! ;D
|
|
|
|
Post by kessinger on May 19, 2010 6:27:13 GMT -5
The contract basicly says, any new person hired will be low wage until they reach 20% of the workforce. Then for every one person hired after they hit 20%, one low wage person gains full wages like us.
In theory this would keep the work force no more than 20% low wage people. This in itself would work great, it would keep the balance of power with the high wage people. The problem is that there is a loophole. Anything they incource can be hired at low wage and not count towards the 20%. So it will take ALOT of insourceing to make low wage people outnumber us, but that possibility is there.
|
|
|
|
Post by ggcoop on May 19, 2010 9:54:19 GMT -5
|
|
|
|
Post by ktpelec on May 19, 2010 10:19:11 GMT -5
Millions of Americans over the last few decades have made these things occur, it wasn't just politicians. I guess just about everyone in America is a terrorist. |
|
|
|
Post by bo862 on May 19, 2010 15:40:15 GMT -5
You may leave the company with full retirement/benefits but who is to say it will last when the company offers a $2 raise for employees at the cost of your pension. Remember you don’t have a say, retirees are not allowed to vote.
|
|
|
|
Post by lap65 on May 19, 2010 19:16:40 GMT -5
Where do I sign?
|
|
|
|
Post by rocketman on May 20, 2010 20:59:37 GMT -5
I think its a good idea, but I'm afraid that people working will vote on things to reduce retirement benefits. It's already happening now.
|
|
|
|
Post by TonyV on May 21, 2010 0:52:27 GMT -5
I cannot believe that Ford wants ANYONE to retire, period. They are counting down the years until they are free of "Legacy costs".
Ford would like it if you left on your own after you cannot meet productivity levels, if you are injured and unable to perform in your department, or if you have too much seniority. But they would appreciate it if you just left with out attached costs. If you could pass away before that date with out a spouse or children you may even get an 'atta boy'.
I do not believe for one minute Ford would offer an 'early out' when Chrysler and GM cannot strike until 2015. That gives them 5 years to strategize on how to eliminate retirement in contract talks. They wanted to open that door with the last modification.
Remember the line - pay and BENFITS in line with all U.S. competition? How many of our competitors have a company sponsored pension with benefits in the U.S.? How many companies offer a pension at all?(Not including 401K's)
There will be no 20 and out...................Lay in there and get it!
|
|
|
|
Post by ScottR@KTP on May 21, 2010 13:49:02 GMT -5
I have always said that Ford wants you to die on your last day of employment...plain and simple.
|
|
|
|
Post by rclap on May 21, 2010 17:04:26 GMT -5
Would "full retirement" be based on 20 years service or 30 years service? Big difference, monetarily speaking.
|
|
|
|
Post by utilityeric on May 21, 2010 18:27:36 GMT -5
Do we get a bonus if we work after we die? Ha ha ha.
Sorry couldn't resist.
|
|
|
|
Post by trinitus on May 22, 2010 1:43:05 GMT -5
Don't know much about the 20% versus the 80% workforce thing. Don't know much about the legacy cost but what I do know is that years ago Ford agreed to a 30 and out deal and we still had people staying past 30 years. So 20 and out I do not see happening.
|
|
|
|
Post by rockyt on May 22, 2010 6:48:52 GMT -5
Do we get a bonus if we work after we die? Ha ha ha. Sorry couldn't resist. NO! We gave that up on the last contract modification. |
|
|
|
Post by ScottR@KTP on May 22, 2010 12:12:47 GMT -5
Would "full retirement" be based on 20 years service or 30 years service? Big difference, monetarily speaking. When they say 20 and out...they mean getting out at 20 yrs with 30 year pension/benefits. |
|
|
|
Post by kensguns on May 24, 2010 12:24:54 GMT -5
Don't forget your full retirement is based to include your social security max benefits . Most of you would still have to work another job to get your full credits earned or your total would be reduced. Also the amount of your wages affects the total.  |
|
|
|
Post by Jim Fisher on May 26, 2010 9:44:41 GMT -5
I have heard this "Contract time Rumor" almost since I have been working here. There are currently 4 ways to retire. 1: Age 65 and 1 year of service. 2: 30 years of service 3: Age 55 and at least 10 years of Service (reduced life income Benefit) 4: 85 Points (Points = Age plus years of service equals 85) (unreduced life income benefit)........ The key to all of this in the life income benefit.... Life income benefit equals your number years of service times the Life income benefit factor... All of this can be found in your 2007 benefits manual.... You should read this before thinking retireing early.... Jim Fisher
|
|
