UAW Uses Facebook To Tell GM Retirees They Will No Longer Get Christmas Bonuses

UAW Uses Facebook To Tell GM Retirees They Will No Longer Get Christmas Bonuses

The UAW posted a lengthy message to its retirees on Friday on its Facebook page explaining why it had to agree to eliminate a Christmas bonus for former General Motors workers in its new four year agreement. “This year we face the worst shortfall in our history of pension underfunding,” the UAW said in a statement. “Because of Wall Street’s continuing problems, the GM hourly pension fund is seriously underfunded with a $15 billion to $20 billion shortfall.”

The union’s contract with GM, which a majority of workers ratified Wednesday, eliminated a Christmas bonus for retirees. The UAW is in contract talks with Ford and Chrysler, and is using the GM contract as framework for those discussions.

In the past, the UAW said, it funded pension increases and Christmas bonuses out of the UAW GM pension fund.
 


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MydadisretiredMydadisretired - 10/5/2011 1:54:17 PM
-9 Boost
Why shouldn't they get a measly $500 at Christmas? It's not like they are one of the big shots who make millions.
Thanks a lot, Mr. Scrooge. My Dad gave you the best years of his life and blew his hands out doing it!



LexSucksLexSucks - 10/5/2011 2:15:34 PM
-12 Boost
"Wait a second....Why would retirees get any kind of bonus from their former employer? Retirees don't do any work - they don't contribute to the profitability of the company. So, why should they get any kind of bonus?

This is unbelievable"

- The corporate shill speaks.


LexSucksLexSucks - 10/5/2011 4:14:06 PM
-6 Boost
You guys hate the oppressed, and love the oppressors.


LexSucksLexSucks - 10/5/2011 5:02:20 PM
-4 Boost
Another Corporate shill speaks.


Agent009Agent009 - 10/5/2011 1:38:15 PM
+9 Boost
As the onion layers peel back the issues become more apparent.

In many respects the UAW and its members expected to be treated like high dollar sports players.

Signing bonuses
World class healthcare
World class wages
Guaranteed raises regardless of the economy
Job bank (now defunct) means you get a check even if you don't work
Free legal services
Bonuses for retirees

I bet the list goes on for miles



LexSucksLexSucks - 10/5/2011 3:25:09 PM
-10 Boost
@Agent009

Still fighting against the poor I see. Fox News has you hating the people who are being oppressed, and loving the people who are doing the oppressing. The people who you should have an issue with, you don’t, instead you attack poor people. Show me a capitalist and I’ll show you a blood sucker.

I’m gonna breakdown your sensless drivel:

"Signing bonuses" - What? A couple thousand dollars? I guess in your clouded world regular employees don’t deserve a bonus. Just CEOs (who you don’t seem to have a problem with getting a signing bonus, and on top of that, when a CEO gets fired they get million dollar severance packages. Yet you don’t have anything to say about that? why?)

"World class healthcare" – Are you for real? Or are you saying that there should be levels of healthcare based on income? Either way your ignorant ass seems to be putting the value of someone’s life based on what their income is. And the U.S healthcare system isn’t world-class. It’s a rip-off system designed to get as much money from poor people as they can, so that they can give it to their fat cat millionaire shareholders. If our healthcare system was so good, you wouldn’t have people getting dental work done, while on vacation in the Caribbean because the healthcare there is actually affordable. Other countries health care systems primary objective isn’t to make rich people richer like ours is.

"World class wages" – Another joke. I’m sure that the UAW members all have Bugatti Veyrons parked in their mansion’s garage.

"Guaranteed raises regardless of the economy" – Wall St Barons got their biggest bonuses ever this year. And guess what? The economy is bad. Yet all you care about are poor folks making less than $70k per year. Why aren’t you complaining about CEO’s getting raises and record bonuses
in a bad economy?

"Job bank (now defunct) means you get a check even if you don't work" – Yep... god forbid you get hurt and can’t work. People like that should never get a check right? They should just starve to death along with the family that they support?

"Free legal services" – Are you saying that when a person buys a home, the burden of legal fees should never be offset by their employer? It’s a benefit. My job offers it. and I’m not even in a union. Get a clue.

"Bonuses for retirees" – read Mydadisretired’s reply above. They gave their life to the company. They deserve that money

I bet the list goes on for miles – Only in your clouded brainwashed mind


LexSucksLexSucks - 10/5/2011 5:20:26 PM
-3 Boost
I work in the "Corporate" world and some of what you have written simply isn't true. But most of it is sadly true :(

Signing Bonus? - Still going on (not for entry level though)

World Class Health Care? - I love my Employer Provided Health Care plan.

Wages? - Depends on your skill set. But an entry level position does pay about what you have written up there.

Job Bank? - They (UAW) seem to have a better plan. No big deal. If anything I should be complaining to my employer for not offering what they have. and not trashing a person who has a benefit that I don't have. It’s like your saying if you don’t have it, then no one else should have it. Without realizing that its your employers fault why you don’t have it, not the fault of a person who works for another company that has it.

Free Legal Services? - I am lucky :)

Bonuses for retirees? - You are right about that one. But do you have a problem with CEO receiving million dollar severance packages even if they weren't effective?

Retirement? - You are correct. I was lucky enough to get in while my company was still giving out pensions. But now they aren't. They can still afford to give out pensions, but they choose not to. Not sure why. Companies (not talking about states) are more profitable than ever yet they're still taking away pensions. Greed, Greed and more Greed.


Agent009Agent009 - 10/5/2011 4:48:48 PM
+8 Boost
LexSucks-

Lets break it down to a rank and file worker in lets say in the corporate world:

Signing Bonus:
Nope

Worldclass Healthcare:
The basics with annual rate increases and higher deductibles all around.

Wages:
$15 and hour vs $19 entry

Raises:
Typically minimal if at all even though healthcare and deductibles rise at a greater rate. If you want a raise you have to be promoted.

Job Bank:
Standard insurance disability applies not nearly as generous as UAW. No layoff protection at all.

Free legal services:
Not a chance unless you are VERY lucky (which it sounds like you are...Kudos)

Bonuses for retirees:
Not a chance in the real world for the rank and file

Retirement:
If you want a pension you better figure out how to get it, because most likely your company will only have a 401k you manage.

Welcome to the real world bubba


LexSucksLexSucks - 10/5/2011 5:22:04 PM
-3 Boost
Didn't realize you started a new thread.

I work in the "Corporate" world and some of what you have written simply isn't true. But most of it is sadly true :(

Signing Bonus? - Still going on (not for entry level though)

World Class Health Care? - I love my Employer Provided Health Care plan.

Wages? - Depends on your skill set. But an entry level position does pay about what you have written up there.

Job Bank? - They (UAW) seem to have a better plan. No big deal. If anything I should be complaining to my employer for not offering what they have. and not trashing a person who has a benefit that I don't have. It’s like your saying if you don’t have it, then no one else should have it. Without realizing that its your employers fault why you don’t have it, not the fault of a person who works for another company that has it.

Free Legal Services? - I am lucky :)

Bonuses for retirees? - You are right about that one. But do you have a problem with CEO receiving million dollar severance packages even if they weren't effective?

Retirement? - You are correct. I was lucky enough to get in while my company was still giving out pensions. But now they aren't. They can still afford to give out pensions, but they choose not to. Not sure why. Companies (not talking about states) are more profitable than ever yet they're still taking away pensions. Greed, Greed and more Greed.


internationalmanofmysteryinternationalmanofmystery - 10/6/2011 11:01:38 AM
+1 Boost
In a related news story, ALL charges against Bernie Madoff have been dropped!!

He IS scheduled to resume work and will occupy his much beloved Manhattan loft just blocks away from the financial district he has served faithfully for decades.

All fur coats, jewelry, paintings, gifts to family and friends, and other personal items removed from the back of his lovely wife will be returned with a sincere apology.

The couple will once again enjoy the fruits of their hard work and tireless hours on the job ensconced in the successful trappings of their modest multi-million dollar home in the Upper East Side! Unless they decide to retreat to their palatial Palm Beach estate retreat for the tranquility it offers!


SharkPhiSharkPhi - 10/10/2011 7:21:48 PM
+2 Boost
Only in America would a "skilled" laborer entry level position start at 70K a year. You don't even need a college degree for the position.

How is this ok? Lawyers and Doctors don't make that much, often for the first several years of employment. (Some, never). The difference? The doctorates cost them 4 years of college, 3 or 4 years of grad school, and often times a 2-4 year fellowship (where they are paid minimally). To go to a position making the SAME amount as a guy who went to Vo-Tech for a couple months?

Lets see, 7-12 year education requirement, paying for the privilege of getting said education, being in a profession that is expected to offer no less than 20 hours of pro-bono work (that's "free" for those keeping track), and did I mention the REQUIRED insurance (For me it's 2200 a month...and Im in a low risk field, one of my colleagues pays 68K, YES, 68,000.00 per year, just for the privilege of practicing). I get PERFORMANCE BASED raises, and if the company does bad...guess what, no bonus this year.


Compared to an 18 year old with "skills".

You know what, you're right. We are OPPRESSING the poor. Guaranteed raises, guaranteed bonuses, and a better retirement than doctors. Makes total sense to me.

Get real. Lazy employees are expecting to get something for nothing. Yes, you worked your ass off, yes, you deserve to be paid. No, you don't deserve to continue getting paid once your employment ends. That's insane, plain and simple.


internationalmanofmysteryinternationalmanofmystery - 10/13/2011 12:38:14 PM
-1 Boost
Just can't wait for your rallying cry against football players, baseball players, basketball players, celebrity chefs, hangers on, pitch men, televangelists, who all make more than teachers!! And as for that comment "...70K a year... Lawyers and Doctors don't make that much" get real! Dickie Scruggs who sits in a federal prison (ask your colleague who he is) made BILLIONS and he in one of a thousand lawyers I can name right off the top of my head WORTH MILLIONS!! Be pissed all you want because YOUR life didn't go as planned!! But go cry sour grapes somewhere else! PLEASE!!!




SharkPhiSharkPhi - 10/21/2011 5:33:08 PM
+1 Boost
Clearly your inability to read a complete sentence speaks to your ability to rationalize and comprehend my intentions. Rest assured, my life is going very well indeed. However, for every millionare lawyer you can provide, I can guarantee I can match it with 10 more who are either making FAR less than 70,000.00/yr. (and that is if they are employed at all) and most of them are thousands in debt from paying for their education.

I have the same issue with professional athletes, actors etc. I think its disgusting that we as a country pay more to a gelled up Italian guy from New Jersey who has no other discernible skill other than to raise his t-shirt than we do to an individual who has the capability of literally stopping the heart while they repair it and causing it to start back up again.

What I take further issue with is the fact that you have ignored the entire intent behind my previous message. We are dealing with individuals, many of whom did not attend more than a vocational program, who are upset by the fact that they do not continue receiving benefits after their employment concludes.

If you would like to discuss the issue with teachers and their salaries, I can assure you we will likely agree on many points.


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