cecilmeyer Posted April 23, 2018 Share Posted April 23, 2018 Anyone out there heard any news about retirement packages? I would love to get the deal like in the contract. I am hoping when CAP goes down to retool they might offer something.I'll have over 30 then. I could really use that money they offered!!! Quote Link to comment Share on other sites More sharing options...
Decker Posted April 23, 2018 Share Posted April 23, 2018 Welp.... CAP and retooling? At this time the so called retooling is scheduled for "one" month in 2019. There will be a run on hiring at CAP from the middle of this year thru the end of the year. CAP needs all kinds of trades members also. So any retirement packages are not really looking good at CAP. Quote Link to comment Share on other sites More sharing options...
Spring Posted April 24, 2018 Share Posted April 24, 2018 I just got my new benefit book. Am I reading this right? My pension benefit is reduced if I retire before 62, regardless of how many years I have? Quote Link to comment Share on other sites More sharing options...
cecilmeyer Posted April 24, 2018 Author Share Posted April 24, 2018 I just got my new benefit book. Am I reading this right? My pension benefit is reduced if I retire before 62, regardless of how many years I have? Only if you have less than 30 years. If you have 30 it does not matter what age you are. You get a supplement till you turn 62 after that the supplement drops off when you can collect social security. Quote Link to comment Share on other sites More sharing options...
cecilmeyer Posted April 24, 2018 Author Share Posted April 24, 2018 Welp.... CAP and retooling? At this time the so called retooling is scheduled for "one" month in 2019. There will be a run on hiring at CAP from the middle of this year thru the end of the year. CAP needs all kinds of trades members also. So any retirement packages are not really looking good at CAP. Thanks for the bad news!! Many other plants are getting them so I thought maybe CAP might .Ill just have to wait it out. Quote Link to comment Share on other sites More sharing options...
pmooret Posted April 26, 2018 Share Posted April 26, 2018 What other plants are getting buyouts? Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted April 26, 2018 Share Posted April 26, 2018 What other plants are getting buyouts? Woodhaven Stamping, Rawsonville and I think Sharonville Transmission were all posted last year at the same time it was posted for MAP. 1 Quote Link to comment Share on other sites More sharing options...
pmooret Posted April 27, 2018 Share Posted April 27, 2018 Thanks, I thought the poster was trying to say that new offers had surfaced. Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted April 27, 2018 Share Posted April 27, 2018 Thanks, I thought the poster was trying to say that new offers had surfaced. Maybe at some other point this year but I dont think it will be offered at any plants other than what I mentioned. Since they worked out the shift reduction at MAP, nobody is operating on a surplus of workers right now. Theyre trying to get the older higher paid people out of places like Woodhaven and Rawsonville to make way for more lower wage tier 2 workers. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.