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doc03

(35,148 posts)
119. Same here I worked for Wheeling Pittsburgh Steel and get a
Thu Dec 18, 2014, 06:38 PM
Dec 2014

check from the PBGC (which is underfunded), one from WHX corporation (former owner) which is only around 70% funded last year and one from the Steelworkers Pension Trust that is one of the multi-employer plans. All together I get $1900 for 40 years.

Some years ago, pensions were 'sacrosanct.' elleng Dec 2014 #1
I'm so sorry. marym625 Dec 2014 #2
Getting rid of Landrau was a good beginning. Hoppy Dec 2014 #3
Ya think? pacalo Dec 2014 #14
Knuckledragging mouth breather? Enthusiast Dec 2014 #44
Who the hell's that?!! KansDem Dec 2014 #73
some have a hard time of thinking past their immediate,foremost concern to the consequences belzabubba333 Dec 2014 #78
The guy looks psycho! Herman Munster without makeup. Elmer S. E. Dump Dec 2014 #143
They're not Democrats. NewDeal_Dem Dec 2014 #7
Are we approaching the "tipping point" of an outright revolution? olegramps Dec 2014 #82
Yes !!! geretogo Dec 2014 #122
I agree marym625. dotymed Dec 2014 #90
real question: why the hell would they? most movement Dems won't risk having a Pub win, MisterP Dec 2014 #99
I was treading lightly marym625 Dec 2014 #101
oh, there *are* plenty of liberal Dems in Congress, but the leadership is all bankster MisterP Dec 2014 #103
"Plenty" is a poor choice of words. salib Dec 2014 #133
I calculated that it'd take 74 Dem Senate seats for the "worthwhile Dems" MisterP Dec 2014 #138
I'm so sorry! And I'm even more sorry that excuses are being made for this. sabrina 1 Dec 2014 #4
Thanks! Bernie has made getting rid of campaign contributions his number 1 issue! Dustlawyer Dec 2014 #19
Yes, everyone has to get involved. And I am for boycotts and strikes, don't buy their stuff sabrina 1 Dec 2014 #20
I am afraid you are right. The Plutocrats have been very adept at getting us to blame each other Dustlawyer Dec 2014 #23
It Will Get Worse Joe Worker Dec 2014 #38
welcome to DU! WhiteTara Dec 2014 #57
Thank You Joe Worker Dec 2014 #151
Yes, it will get worse. Unless the people WAKE UP and stop protecting whichever team sabrina 1 Dec 2014 #132
... 840high Dec 2014 #87
It's Just Plain Criminal colsohlibgal Dec 2014 #5
Pension Looting. Baitball Blogger Dec 2014 #10
a bunch of dems voted for it too, and another dem is going to sign it Doctor_J Dec 2014 #18
No fan of the thirdway "stir-the-economy now" and "sacrifice the future" types either. Baitball Blogger Dec 2014 #30
I agree. "Pension looting." We must make it a household term. Enthusiast Dec 2014 #45
Can't just blame Repubs. 840high Dec 2014 #88
Here's a good explanation of what has happened frazzled Dec 2014 #6
Here's a better explanation: they stole it. Like they're going to steal SS and everything NewDeal_Dem Dec 2014 #11
Who stole it? The union run pension plan? I am particularly asking about the Central Teamsters. nt kelly1mm Dec 2014 #109
Was it union run? Read the OP. NewDeal_Dem Dec 2014 #131
This sub-thread is about the recent multi-employer, union run pension plan changes kelly1mm Dec 2014 #135
This subthread is about the Teamsters Central States Plan. NewDeal_Dem Dec 2014 #136
So, who should pay? The crime bosses? The "federal court" that supervises the fund? kelly1mm Dec 2014 #139
no, you just have to worry about your 401k tanking for various reasons. unless NewDeal_Dem Dec 2014 #142
With the employer match of 125% of contributions, the ability to put some/all in safe investments, kelly1mm Dec 2014 #144
I don't buy that story. If there were four workers to every retiree, rhett o rick Dec 2014 #13
here's what really happened with that pension fund....Wall Street ran it antigop Dec 2014 #24
This explantion is the most believable. Enthusiast Dec 2014 #47
Now that I can believe. Here's what happened to a person I know. rhett o rick Dec 2014 #65
In a civilized society, sulphurdunn Dec 2014 #75
When I tell that story, I like to add: "Guess who are the Republicans and who are the Democrats in rhett o rick Dec 2014 #77
Similar to Enron. Flatulo Dec 2014 #97
Funny you should mention Enron. Honest, I have another friend that worked for rhett o rick Dec 2014 #128
Death was too easy an escape for Ken Lay. Flatulo Dec 2014 #150
I don't believe he is dead. Just sayin'. nm rhett o rick Dec 2014 #155
Well, if anyone had the means and motive to buy Flatulo Dec 2014 #156
sounds like it was invested it grew to 18 billion but now belzabubba333 Dec 2014 #83
I don't know about Bethlehem but I worked at Wheeling Pittsburgh Steel. In 2003 we went to a doc03 Dec 2014 #104
see post #24 for what really happened... nt antigop Dec 2014 #25
Bethlehem Steel ex-employees also lost their health insurance Number9Dream Dec 2014 #41
Yes, it has been so hard on them. The American Dream is really a nightmare. Dustlawyer Dec 2014 #50
"not enough monies coming into" < That's a lie. The money was being siphoned off by thieves in jtuck004 Dec 2014 #46
They better hope they never come accross my mom, she is one tough cookie and would really Dustlawyer Dec 2014 #63
You've got a lot of the cause in there... Erich Bloodaxe BSN Dec 2014 #56
Indeed, but the question is: frazzled Dec 2014 #67
Given what we've got to work with at this moment in time? Erich Bloodaxe BSN Dec 2014 #70
Pretty damned simple: The Green Manalishi Dec 2014 #96
The government should bail out the retirement funds and tax the shit out of the wealthy-assed rhett o rick Dec 2014 #129
Here is what the business section of the Wash. Post is not telling you Joe Worker Dec 2014 #149
Our legislators should be looking for ways to protect us from corporate thievery pacalo Dec 2014 #8
They work directly for the corporations now Doctor_J Dec 2014 #12
You know what I was wondering today, pacalo Samantha Dec 2014 #17
Sam, there's nothing too strange to imagine now that republicans will have the majority. pacalo Dec 2014 #27
The main reason for the ginormous pension reserve is to make it look like the PO is drowning Doremus Dec 2014 #95
it's the best we can do, given the political climate Doctor_J Dec 2014 #9
This is one of the most untold stories in America. mountain grammy Dec 2014 #15
I brought this up not because it is personal and really pissed me off, but because it is so Dustlawyer Dec 2014 #21
It is widespread and needs to be addressed, but mountain grammy Dec 2014 #61
This bill will encourage companies to take more risk knowing they can use the pensions liberal_at_heart Dec 2014 #16
Everything that is wrong in our world is here in your post. Cleita Dec 2014 #22
SAME EXACT BETHLEHEM STEEL STORY HERE! Pension "Guaranty" HAHAHA! Corps totally messed her up! WinkyDink Dec 2014 #26
It's a damn shame winterwar Dec 2014 #28
How could anyone with a conscience vote for this? NaturalHigh Dec 2014 #29
Completely agree! Nm Heather Kube Dec 2014 #34
Please get your story told to every Republican possible SleeplessinSoCal Dec 2014 #31
They will say Obama pushed for it and many Democrats voted for it, and stillwaiting Dec 2014 #39
We can't be worrying about the status quo. By getting this and SleeplessinSoCal Dec 2014 #114
THIS RIGHT HERE IS WHY IT PISSES PEOPLE OFF WHEN SOMEONE SAYS... Ykcutnek Dec 2014 #32
I can't believe it. Its so important that people like you tell your Heather Kube Dec 2014 #33
The injustice done to your parents and the other workers and spouses is vile suffragette Dec 2014 #35
Its Autocratic Theft And Pillage Joe Worker Dec 2014 #36
Not only did they not cut their own pensions, the clowns who voted for this Trailrider1951 Dec 2014 #40
I was also angry daredtowork Dec 2014 #37
This is what voting for "the lessor of two evils" gets us. 99Forever Dec 2014 #42
Amen!!! Dustlawyer Dec 2014 #52
And I'm so sorry about the awful way your parents have been treated. 99Forever Dec 2014 #55
This sucks, big time, Dustlawyer. I'm sorry your parents had to go through this. Enthusiast Dec 2014 #43
Hug to your Mom ctsnowman Dec 2014 #48
Huge K & R !!! WillyT Dec 2014 #49
K&R. And some people question why some of us go ballistic over the idea bullwinkle428 Dec 2014 #51
Pension looting erodes corporate law and should be a federal crime with mandatory jail time. ancianita Dec 2014 #53
pension looting is a great bumper sticker slogan - and a good name for a bill in congress belzabubba333 Dec 2014 #85
While you don't tell us what years your dad worked, SheilaT Dec 2014 #54
There were also Poor Farms for the elderly. Lars39 Dec 2014 #60
Speaking of the amount of retirement his dad was supposed to get. Stellar Dec 2014 #62
I worked 40 years in the steel industry and get $1900 a month. Of course now that doc03 Dec 2014 #107
My Dad is 83. He was a union worker / truck mechanic for a utility company. DebJ Dec 2014 #124
There are a lot of members in that club Omaha Steve Dec 2014 #58
Maybe in all reality we need sorefeet Dec 2014 #59
cuz 'Murika!!! Roland99 Dec 2014 #64
Theft, pure & simple. CrispyQ Dec 2014 #66
Very sorry DL. Damn them for making all our lives harder than they have to be. raouldukelives Dec 2014 #68
They looted his pension, and Wall Street will loot our social security, closeupready Dec 2014 #69
The system is dead to us Dustlawyer. DeSwiss Dec 2014 #71
Severance agreements are suffering the same fate nichomachus Dec 2014 #72
Its all the damn unions' fault! Stonepounder Dec 2014 #74
Fox would have nothing to say to the trade deal with Japan that allowed them to glut our market Dustlawyer Dec 2014 #86
I feel the same way, Dustlawyer ReRe Dec 2014 #76
This is an absolute disgrace! CountAllVotes Dec 2014 #79
sad what this country has come to marions ghost Dec 2014 #80
Your story leaves out many facts. former9thward Dec 2014 #81
oh you with your facts dont you know youre ruining the rage du jour belzabubba333 Dec 2014 #84
Yes, but I don't want a 77 year old worried over nothing. former9thward Dec 2014 #92
AARP: Letter to the House and Senate on the Unacceptable Plan for Pensions Zorra Dec 2014 #91
Exactly as I said. former9thward Dec 2014 #93
Did Congress stipulate that this change ONLY applied to multi-employer plans? Zorra Dec 2014 #102
I don't have the language of the bill former9thward Dec 2014 #106
Two words for you... YvonneCa Dec 2014 #121
Not necessarily I worked for Wheeling Pittsburgh Steel and the PBGC froze our plan doc03 Dec 2014 #111
You may be wrong about their pension. I worked 40 years at Wheeling Pittsburgh Steel our doc03 Dec 2014 #110
It applies to all multi employer plans. former9thward Dec 2014 #112
I doubt they are actually getting it from Bethlehem, they liquidated, it probably comes from the doc03 Dec 2014 #113
I worked for Republic and then LTV. former9thward Dec 2014 #115
Same here I worked for Wheeling Pittsburgh Steel and get a doc03 Dec 2014 #119
In my opinion the two worst things to affect our doc03 Dec 2014 #120
You are correct, PBGC, her $17.00 a month is three weeks of gas at current prices. I hope Dustlawyer Dec 2014 #140
I get a laugh out of that one they won't cut it if you are doc03 Dec 2014 #117
In your opinion, would this affect PA municipal retirees system? Number9Dream Dec 2014 #153
No, they are not affected by the bill. former9thward Dec 2014 #154
It was with the union, but once the company failed, it became administered by PBGC, a government Dustlawyer Dec 2014 #137
"Attack us"???? former9thward Dec 2014 #145
If that is the case I apologize, I am having a lot of medical issues and a little shorter fuse than Dustlawyer Dec 2014 #146
Let's hope you get well and best wishes to your mother. former9thward Dec 2014 #147
Your post leaves out many facts Joe Worker Dec 2014 #152
and what the hell are we/can we heaven05 Dec 2014 #89
Wyden Criticizes House Proposal On Multiemployer Pensions Zorra Dec 2014 #94
What the hell ever happened to the notion of a 'contract'? Flatulo Dec 2014 #98
The validity and terms of a contract are directly proportionate to the wealth possessed Zorra Dec 2014 #105
True, that's what lawyers do mostly, these days. nt Flatulo Dec 2014 #157
Thisis part of the mission of the Republicans, Walmart, Koch brothers and other large sammy750 Dec 2014 #100
This is horrible shireen Dec 2014 #108
Hundreds of Thousands WillTwain Dec 2014 #116
Thieving and lying corporatist bastards. lpbk2713 Dec 2014 #118
Go ahead I am mstinamotorcity2 Dec 2014 #123
That's horrible. BeanMusical Dec 2014 #125
Who voted? Who votes? Who participates in the process. Not many. Shame on these people. YOHABLO Dec 2014 #126
I'll keep saying this until they kick me out of here... americannightmare Dec 2014 #127
Bump..nt Jesus Malverde Dec 2014 #130
GOP tooeyeten Dec 2014 #134
Kick !!! WillyT Dec 2014 #141
it makes me cry too. BlancheSplanchnik Dec 2014 #148
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