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More Entry Level Transitioning to Full Wage


tooltime

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"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 !!!!!! :headspin::headspin::headspin::headspin::headspin:

 

 

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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.

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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.

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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.

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  • 3 weeks later...

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'.

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