250,000+ Retired Truckers = 50%+ Pension CUTS (50% less per month!)

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This is insane –
www.fox10tv.com/story/31236011/retirees-facing-pension-cuts-voice-anger-complaints

more at link, but get a load of this…
“A few months ago, Sally Ruffin received a letter telling her the monthly checks would be much smaller, cut from $3,300 to $1,650.
The cuts to her husband’s pension go even deeper.
“I’m getting a 50 percent cut. My husband’s getting almost a 60 percent cut,” Sally Ruffin shared.
The couple lives modestly in Weatherby Lake, MO. Now, they’re not sure how they’re going to pay the bills like their mortgage payment.
“We don’t know what’s going to happen,” Sally Ruffin said.
Cleaver has joined the fight against the cuts.
“We’re not talking about some welfare situation. These people have worked hard all of their lives to earn this money,” Cleaver said.
The cuts are the result of the Multiemployer Pension Reform Act, which allows the pension company to ask the U.S. Treasury for permission to cut payments to remain solvent.
Read more:
www.fox10tv.com/story/31236011/retirees-facing-pension-cuts-voice-anger-complaints#ixzz40RDqRAwz
They will BAIL OUT banks and they will BOMB foreign nations, but they will not help out us, US CITIZENS. Especially THOSE THAT PAID IN FOR THESE PENSIONS for YEARS and YEARS! Sorry, had to all cap. This is just BS.
 
It is even worse. Obama is in on it now…
White House pushes ahead with plan to slash pensions for up to one million retirees
By Andre Damon | WSWS | February 9, 2016
The Obama administration is pushing ahead with its plans to slash pension benefits for up to one million participants in “underfunded” multi-employer pension funds as part of its drive to make defined-benefit pensions a thing of the past for all US workers.
The White House campaign, carried out in a conspiracy with the major trade unions and multinational corporations, takes place in the wake of the 2013–2014 bankruptcy of Detroit, which set a precedent for slashing the legally protected pension benefits of retirees.
full_
alethonews.wordpress.com/2016/02/10/white-house-pushes-ahead-with-plan-to-slash-pensions-for-up-to-one-million-retirees/
“We’re not talking about some welfare situation. These people have worked hard all of their lives to earn this money,” Cleaver said.
“The cuts are the result of the Multiemployer Pension Reform Act, which allows the pension company to ask the U.S. Treasury for permission to cut payments to remain solvent.
“If they do this with us, there’s other pension companies just watching us to be cut,” Jack Ruffin commented.
www.fox10tv.com/story/31236011/retirees-facing-pension-cuts-voice-anger-complaints
No one is immune to losing everything they’ve worked for in life. People might think they are well off and taken care of, but really they are at the mercy of the whims of others.
Once one pension company goes, they will all go. They view us all as expendable. Their priority is to remain financially solvent, not to take care of the people.
 
 
I mean, come on, UPS was such a good, outstanding company… and this is what the brown truck driver get’s in return?
“I suffered the loss of my first marriage, twisted ankles, and a damaged back, 21 dog bites, and all for that pension,” said one retired UPS delivery driver.
see – alethonews.wordpress.com/2016/02/10/white-house-pushes-ahead-with-plan-to-slash-pensions-for-up-to-one-million-retirees/
You all have had your Christmas gifts delivered by one of these folk. Now losing more then half of their monthly pension.
Most blue-collar workers pretty much do it for that pension. That was all they looked forward to.
 
AC

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18 thoughts on “250,000+ Retired Truckers = 50%+ Pension CUTS (50% less per month!)

  1. “We’re not talking about some welfare situation. These people have
    worked hard all of their lives to earn this money,” Cleaver said.
    That means nothing when the FED has cut its interest rate to near ZERO for some 8 years, causing a negative effect on pension fund investments.
    During this time, Jamie Dimon, in charge of felon bank, JP Morgan, has become a billionaire.

  2. “It is even worse. Obama is in on it now…
    White House pushes ahead with plan to slash pensions for up to one million retirees”
    Don’t worry, Obama will have a federal Presidential pension, paid by the tax payers. With $200,000+ speaking fees from Goldman Sachs or JP Morgan, he can add even more to his already multi million dollar wealth. That should warm any pensioners heart, while they struggle to pay higher electric and heating bills due to Obama’s fight against climate change, from their slashed pension check.

  3. “They will BAIL OUT banks and they will BOMB foreign nations, but they will not help out us, US CITIZENS. Especially THOSE THAT PAID IN FOR THESE PENSIONS for YEARS and YEARS! Sorry, had to all cap. This is just
    BS.”
    Jamie Dimon, of JP Morgan, is a billionaire. JP Morgan is a felon bank.
    Oh, and the tax payers are on the hook for JP Morgan in the next financial crash. Jamie Dimon heavily lobbied congress for the bill to pass, in December, 2014. JP Morgan has tens of trillions in derivatives contracts.
    The VA hospital system is apparently still a scandal, even after all the negative publicity it got, months ago.

    • Same with Goldman Sachs who just got fined 5 billion for the sliced & diced mortgage scam they ran back in 05-07. Morgan Stanley just received a 3.2 billion fine too.
      The Banksters & Wallstreet are cheating everyone out of their investments that they worked 20-40 years for.

  4. “A few months ago, Sally Ruffin received a letter telling her the
    monthly checks would be much smaller, cut from $3,300 to $1,650.
    The cuts to her husband’s pension go even deeper.
    “I’m getting a 50 percent cut. My husband’s getting almost a 60 percent cut,” Sally Ruffin shared.
    Wow! Over $6000 a month, plus maybe SS checks, and they were only living modestly?

  5. The feds are doing everything they can to turn honest hard working Americans against them. Then they will call all of us the bad guys when we speak up or attempt to take action. Does anybody else notice how every single politician seems to go against American values?

    • Yep I do notice that our politicians are selling out America, and doing everything in their power to create instability, chaos, and the like. Like invading the US with Muslim Terrorists under the guise of ‘refugees.’ The FBI & DHS have warned about this, that they have 100% PROOF that MUSLIM TERRORISTS have infiltrated the Muslim refugees and are EXPLOITING REFUGEE PROGRAMS to gain entry to Europe and the US in order to MURDER, RAPE, and ATTACK us! And then Obama wants to expedite the importation of this TERRORISM??? THIS IS OUTRAGEOUS! This is outright TREASON! We must call on people EVERYWHERE to SHOUT, to PROTEST, to DEMAND the resignation of ALL politicians that support Muslim IMMIGRATION!
      We must speak up NOW and FIGHT NOW or we’re gonna lose our ability to SPEAK UP due to LibTards, progressives, and the Obunghole Terrorist Administration like Loretta Lynch that wants to criminalize anyone that speaks out against Islam. We see Germans have already LOST their right to FREE SPEECH! This is INSANE! Our politicians are GIVING AWAY/OVER our countries to MUSLIMS and INVITING or WELCOMING THE ISLAMIZATION of the WEST! We must DEMAND any and ALL politicians that support such TREASON are IMPRISONED as TRAITORS for having committed TREASON (i.e. giving aide and support to KNOWN enemies)!
      And eventually, if Obama Terrorist has his way and invades us with the ‘refugees’ (i.e. Muslim Terrorists), then we the American people will go NUTS! If this happens, we must either stage a COUP or a 2nd CIVIL WAR to TAKE BACK the country that is RIGHTFULLY OURS! We must DESTROY all LibTard/DemTard ideology for it is DESTROYING our country and we can no longer tolerate such insanity! Wake the F up people!

  6. What all about Congress? What about the senate, state workers, college professors? Will they share in the cutbacks also? seems like a reasonable question

  7. These retirees knew free money had to be coming from somewhere. In other words some other poor shmug would be paying that generous monthly gift. I paid a mere $100 a month into my pension when I worked for the state of Texas. If I had worked 25 years, I would have paid in $30,000 and when I retired, I would have made that money back with interest in two years. Does anyone see the immorality of retiring at 45 and receiving all that free money or subsidizing for possibly another 50 years and all on the backs of taxpayers yet these same people holler and shake their fists at the welfare queens. The retirees are just as guilty as the welfare queens.

    • you are stupid as they come. The employers paid into these pensions for these working people as part of their wages! example $7000 /YR equals over $200,000 in 30 years! Do you understand THIS?!!!

  8. And can you believe that the Government’s priority is to take care of ‘refugees’ (i.e. Muslim terrorists) rather than its own citizens? I’ve heard estimates that each refugee will cost the US about $50,000 per year! This is because each refugee will receive $1,000 cash, food stamps, free English lessons for 2 months, housing assistance, and other resources that cost lots of money! This is absolutely insane! When will we rise up and take back our government???

  9. (1) FREEZE the economy. Buy NOTHING that is not absolutely necessary.
    (2) Do NOT eat at restaurants or “go out” socialize at home.
    (3) Do NOT give to any church — Lutheran, Catholic, and Jewish “social services” are being given YOUR taxes to “sponsor” REFUJIHADI INVADERS.

  10. I hate to say this but most people and unions are getting OVERPAID!!
    There is a crash coming and they will be UNABLE to pay you. This is where the Mark of the Beast comes in and why you will take it.

  11. Tragic this is happening after years of labor. Wonder if the thought ever accrued to them that they were going to be the victims of their silence. It’s never to late to stop going along to get along.

  12. There going to take everything till we stop them because they know they can…this govt must be stopped or they will kill us all.

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