Recent

% | $
Quotes you view appear here for quick access.

Ford Motor Co. Message Board

  • axdgigo axdgigo Nov 12, 2005 6:05 PM Flag

    Pension Bill H.R. 2830

    Next week the House may take up a dangerous pension bill (H.R.
    2830) crafted by House GOP leaders and the Bush administration.
    This legislation could force GM, Ford, DaimlerChrysler and other
    companies to FREEZE ALL PENSION CREDITS AND/OR PROHIBIT ANY
    FURTHER BENEFIT IMPROVEMENTS.

    Please call your Representative toll free: 1-888-355-3588.

    If pension credits are frozen, this means no workers would be
    able to earn any more credits. For example, a worker with 15
    years of service would be frozen at that amount of pension
    credits, no matter how much longer they worked. Similarly, a
    worker with 29 years of service would be frozen at that amount
    of pension credits, and would never be able to qualify for a
    30-and-out pension, no matter how much longer they worked.

    If benefit improvements are prohibited, this means THE UAW COULD
    NOT EVEN NEGOTIATE TO UPDATE BENEFIT LEVELS TO KEEP PACE WITH
    INFLATION. This would be true both for active workers and for
    retirees!

    This awful pension bill would also OUTLAW SPECIAL EARLY
    RETIREMENT BENEFITS that are now triggered when there is a plant
    closing. This would eliminate one of the most important
    mechanisms for cushioning the impact of plant closings on
    workers.

    This terrible pension legislation represents an enormous attack
    on the pensions of UAW active and retired members and tens of
    thousands of other workers employed at major manufacturing
    companies throughout the United States. It is an attempt by the
    Bush administration and House GOP leaders to undermine
    negotiated defined benefit pension plans.

    At the same time that House GOP leaders are attacking pension
    benefits for workers and retirees, they have not done anything
    to the lucrative pensions earned by Members of Congress. Despite
    the huge federal deficits, Members of Congress would continue to
    have their pension credits and benefits increase automatically
    every year.

    PLEASE ACT NOW TO PROTECT YOUR PENSION BENEFITS AND TO PROTEST
    AGAINST THIS DOUBLE STANDARD!

    Please call your Representative toll free: 1-888-355-3588.

    Urge him or her to vote against this dangerous pension bill
    (H.R. 2830), that would freeze pension credits and benefits for
    American autoworkers and other industrial workers. Tell your
    Representative that Congress ought to be protecting pension
    benefits for American workers, not freezing pension credits and
    benefits, or outlawing plant closing benefits! Also tell them it
    is wrong for Congress to freeze pension credits and benefits for
    rank-and-file workers while lucrative pensions for Members of
    Congress are continuing to increase automatically every year!

    --------------------------------------------------

    Visit the web address below to tell your friends about UAWire.

    http://www.unionvoice.org/join-forward.html?domain=Uawire&r=s7qD7f412cWc

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
F
12.5467+0.0767(+0.62%)1:37 PMEDT