Jump to content

Custom Search





2019 Lincoln Aviator Introduced Here !


Welcome to Blue Oval Forums


Sign In  Log in with Facebook

Create Account
Welcome to Blue Oval Forums.  You must first register to create topics and post replies. Registration is a quick and easy process and only takes a minute.  Be apart of Blue Oval Forums by signing in or creating an account.
  • Start new topics and reply to others
  • Subscribe to topics and forums to get email updates
  • Get your own profile page and make new friends
  • Send personal messages to other members
  • Create a photo album and post images
  • Use the Shout feature and more. . .
Click here to create an account now.
 
Guest Message by DevFuse

Photo
- - - - -

What's coming in the next CONTRACT 2019??


  • Please log in to reply
27 replies to this topic

#21 OFFLINE   Fatso

Fatso

    Blue Oval Member

  • Blue Oval Member
  • PipPip
  • 1,252 posts
  • Joined 17-April 08

Posted 20 September 2018 - 07:44 AM

Listen,it don't matter what ANY of us wants it all comes down to Jefferson Avenue and Michigan Avenue.The IUAW and Ford World Headquarters and once they agree then local 600 {the largest membership}will be the last local to vote and reps will be walking around with plastic Homer Buckets collecting pieces of paper tossed into them.We can only hope they cut us a fair deal.


  • Decker likes this







Lose this advertisement by becoming a member. Click here to create a free account.


#22 OFFLINE   Ford pilot

Ford pilot

    New BON Member

  • Blue Oval Member
  • Pip
  • 22 posts
  • Joined 17-January 08

Posted 20 September 2018 - 09:12 AM

Anyone heard the rumor about pension buyouts? 25k per year of service? Folks at KTP been talking about this.

Does this even sound logical? $750,000 for 30 years? Not to mention that age would have to be a factor.



#23 OFFLINE   chassisgroupleader

chassisgroupleader

    New BON Member

  • Blue Oval Member
  • Pip
  • 255 posts
  • Joined 04-September 08

Posted 23 September 2018 - 11:26 AM

Does this even sound logical? $750,000 for 30 years? Not to mention that age would have to be a factor.

 

Sounds like the rumor mill is at Full speed!


  • Decker likes this
Posted Image

#24 OFFLINE   deflep1

deflep1

    New BON Member

  • Blue Oval Member
  • Pip
  • 314 posts
  • Joined 06-March 09

Posted 23 September 2018 - 11:41 PM

Anyone heard the rumor about pension buyouts? 25k per year of service? Folks at KTP been talking about this.

Ford is considering it to cut Legacy costs, but as with what GM did for their salary workers, it would be based on every individuals age, years of service and expected life expectancy to figure out a pension buyout conversion to 401K. If you are age 50 with 30 years in, you might live another 35-40 years, so your buyout payoff would be much higher than someone that's age 66 with 30 years in. They also have access to our medical records and they would factor in family medical history to give lower payoffs for workers who have cancer and heart issues running in their families. As with someone with 20+ years in, I would like to have the opportunity to consider a pension buyout conversion to 401K, because if Ford goes bankrupt, I lose my pension. The money in the fund only goes to the workers fully vested until it runs out. Because you would then only have a 401K, you could leave it to anyone you wanted if you died, instead of just half to a surviving spouse with a pension. Pensions are going the way of the dinosaur very quickly. The Carpenters pension fund just announced they are cutting everyone down to $1,500 a month. Most pensioners will get cut 50-60 percent per month. We have to seriously look at that and know it could happen to us. If you convert your pension to a 401K, it's all yours and controlled by you. You are at the mercy of the stock market, but not by a greedy company anymore.



#25 OFFLINE   Grandmaster B

Grandmaster B

    New BON Member

  • Blue Oval Member
  • Pip
  • 217 posts
  • Joined 01-October 08

Posted Yesterday, 01:56 AM

Ford does not have access to your medical history without YOUR written premission. Your whole post is all bullshit anyway.

#26 OFFLINE   cecilmeyer

cecilmeyer

    Junior Member

  • Blue Oval Member
  • Pip
  • 369 posts
  • Joined 29-January 04

Posted Yesterday, 07:57 AM

Ford is considering it to cut Legacy costs, but as with what GM did for their salary workers, it would be based on every individuals age, years of service and expected life expectancy to figure out a pension buyout conversion to 401K. If you are age 50 with 30 years in, you might live another 35-40 years, so your buyout payoff would be much higher than someone that's age 66 with 30 years in. They also have access to our medical records and they would factor in family medical history to give lower payoffs for workers who have cancer and heart issues running in their families. As with someone with 20+ years in, I would like to have the opportunity to consider a pension buyout conversion to 401K, because if Ford goes bankrupt, I lose my pension. The money in the fund only goes to the workers fully vested until it runs out. Because you would then only have a 401K, you could leave it to anyone you wanted if you died, instead of just half to a surviving spouse with a pension. Pensions are going the way of the dinosaur very quickly. The Carpenters pension fund just announced they are cutting everyone down to $1,500 a month. Most pensioners will get cut 50-60 percent per month. We have to seriously look at that and know it could happen to us. If you convert your pension to a 401K, it's all yours and controlled by you. You are at the mercy of the stock market, but not by a greedy company anymore.

I thought the stock market was greedy companies? LOL



#27 OFFLINE   deflep1

deflep1

    New BON Member

  • Blue Oval Member
  • Pip
  • 314 posts
  • Joined 06-March 09

Posted Yesterday, 10:35 PM

I thought the stock market was greedy companies? LOL

Some are, some aren't, but at least you get to pick your future and not leave it in the inept hands of Ford!



#28 OFFLINE   deflep1

deflep1

    New BON Member

  • Blue Oval Member
  • Pip
  • 314 posts
  • Joined 06-March 09

Posted Yesterday, 10:52 PM

Ford does not have access to your medical history without YOUR written premission. Your whole post is all bullshit anyway.

Not according to Obamacare. The IRS is in charge of making sure you are paying for coverage (or your employer) and they DO have access to your records. The company who supplies your healthcare is required to share their medical files with the IRS. Any medical treatment (check ups / injury / rehab) you get at work opens up the company's access to your records to check your history in order to treat you properly. Ask GM salary employees who got offered the pension buyout why some workers with the same age and number of years of service got completely different offers. If you were healthy, you got offered a lot more money than workers who had previous illnesses or just had a family history of illness. If they offer us a pension buyout, there could be a minimum base for years of service, but unless the union can successfully negotiate a set of rules for it, the company will give less to older and ill workers, and more to younger and healthier workers. It's an individual offer with risk assessment figured in just like life insurance companies do for policy prices.










Custom Search


1 user(s) are reading this topic

0 members, 1 guests, 0 anonymous users

Privacy Policy Terms of Service | DMCA ·