Club Cobra Keith Craft Racing  

Go Back   Club Cobra > General Discussion > Lounge

Keith Craft Racing
Nevada Classics
MMG Superformance
Main Menu
Module Jump:
Nevada Classics
Nevada Classics
MMG Superformance
MMG Superformance
Advertise at CC
Banner Ad Rates
Keith Craft Racing
MMG Superformance
MMG Superformance
MMG Superformance
November 2024
S M T W T F S
          1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Kirkham Motorsports

Reply
 
LinkBack Thread Tools Rate Thread Display Modes
  #61 (permalink)  
Old 12-18-2008, 10:53 AM
HI Cobra's Avatar
Senior Club Cobra Member
Visit my Photo Gallery

 
Join Date: Sep 2002
Location: Montgomery, TX
Cobra Make, Engine: CR 427 S/C, 351W, 5 Sp & KMP142 - 427 SO, 4 Spd
Posts: 2,212
Not Ranked     
Default

That sounds like something that should be one with our government.
__________________
Flip
Reply With Quote
  #62 (permalink)  
Old 12-18-2008, 11:07 AM
J. T. Toad's Avatar
Club Cobra Member
Visit my Photo Gallery

 
Join Date: Jun 2002
Location: Fresno, CA
Cobra Make, Engine: Classic Roadsters, 351W -> 392
Posts: 1,086
Not Ranked     
Default

Quote:
Originally Posted by nevermind65 View Post
When somebody else is paying, I could care less. Gives me a LOT more money to mess with the Cobra.


your defining moment.
__________________
"Smooth seas do not skillful sailors make"

"If you can read this, thank a teacher....and since it's in English, thank a soldier."
Reply With Quote
  #63 (permalink)  
Old 12-18-2008, 11:51 AM
VRM's Avatar
VRM VRM is offline
Senior Club Cobra Member
Visit my Photo Gallery

 
Join Date: Dec 2003
Cobra Make, Engine:
Posts: 2,705
Not Ranked     
Default

Quote:
Originally Posted by Jamo View Post
As much as I detest the ignorance of facts, I really can't stand pure-assed laziness coupled with a willingness to put forth utterances of intense BS.

It's a freeking national labor contract...if you think you're smart enough to spout opinions about it, you certainly should be able to find it.

In other words...go fish.

Typical...
I've been fishing - didn't catch the type of fish I was looking for, but I am not sure what bait to use.

Maybe labour contracts are easy for you to find - perhaps you have had some experience looking for them.

Or maybe you have some law clerk dig them up for you and you really don't have a clue where to find it yourself - that would explain your indignant response.

Basically all you have done, like me, is post your opinion. I will continue to post mine. If you think it is intense BS, well, that is your problem - either learn to deal with it or educate me.
__________________
If you can't stay on the road, get off it!!
Reply With Quote
  #64 (permalink)  
Old 12-18-2008, 12:12 PM
Ron61's Avatar
Senior Club Cobra Member
Visit my Photo Gallery

 
Join Date: Dec 2001
Location: Shasta Lake, CA
Cobra Make, Engine:
Posts: 26,592
Not Ranked     
Default



Steve,

Here is a link that will take you to the Auto Workers Contract. It is broken down by articles and there is a link to click and read the whole thing. Have a good day.

http://www.admin.mtu.edu/hro/laborrel/index.uaw.html

Ron
__________________
Ron 61
Ronnie Widener


View my Miscellaneous Gallery
Reply With Quote
  #65 (permalink)  
Old 12-18-2008, 12:46 PM
Jamo's Avatar
Super Moderator
Visit my Photo Gallery
Lifetime Contributor
 
Join Date: May 2001
Location: Fresno, CA
Cobra Make, Engine: KMP 184/482ci Shelby
Posts: 14,445
Not Ranked     
Default

God help me...Ron, did you read what you linked him to? It's a contract between the UAW and a tech college. Is there some overwhelming reason for you to be involved in this particular give and take which goes beyond this subject?

Steve...you impune my integrity as an excuse for your lack of research abilities? You know my background and the fact I do not rely on hearsay or blogs...I derive facts from source materials. I have no reason to try to help someone who throws out unfiltered opinions against the wall to see what sticks.

No disrespect intended, but your opinions are worthless in this discussion.

__________________
Jamo
Reply With Quote
  #66 (permalink)  
Old 12-18-2008, 12:59 PM
CC Member
Visit my Photo Gallery

 
Join Date: Sep 2008
Cobra Make, Engine:
Posts: 1,120
Not Ranked     
Default

http://www.admin.mtu.edu/hro/forms/2...AWcontract.doc
Reply With Quote
  #67 (permalink)  
Old 12-18-2008, 01:01 PM
Ron61's Avatar
Senior Club Cobra Member
Visit my Photo Gallery

 
Join Date: Dec 2001
Location: Shasta Lake, CA
Cobra Make, Engine:
Posts: 26,592
Not Ranked     
Default



Jamo,

My bad. You are right, I have no business in this thread and the link that I posted wasn't one that I had intended to copy. My apologies and I will stay out of this thread.

Ron
__________________
Ron 61
Ronnie Widener


View my Miscellaneous Gallery
Reply With Quote
  #68 (permalink)  
Old 12-18-2008, 01:11 PM
Jamo's Avatar
Super Moderator
Visit my Photo Gallery
Lifetime Contributor
 
Join Date: May 2001
Location: Fresno, CA
Cobra Make, Engine: KMP 184/482ci Shelby
Posts: 14,445
Not Ranked     
Default

Don't care about you being in the thread...my remarks had to do with Steve constantly throwing something out there and standing back while demanding everyone else disprove it. It's been a rather boring posting approach of his for several years here.

The link you provided? Well...you obviously weren't the only one...see Dan40's post.

Actually, I'm rather enjoying this.
__________________
Jamo
Reply With Quote
  #69 (permalink)  
Old 12-18-2008, 01:23 PM
Ron61's Avatar
Senior Club Cobra Member
Visit my Photo Gallery

 
Join Date: Dec 2001
Location: Shasta Lake, CA
Cobra Make, Engine:
Posts: 26,592
Not Ranked     
Default



Darn, it is nice to see that I am not the only person that screws up. That post of Dan's wasn't the same link that I read what little I did on either. I did a search and then read just a page of what I think was their contract and went back to the search page where all the links were listed and didn't copy the one that I was looking at. And I am not even sure that it was the complete contract either. I also saw a link for their contract with GM, but never looked at it.

I can see where a person like you would enjoy watching the rest of make fools of ourselves. You have to know and understand all of these contracts and I tend to just look at small parts that pertain to something I am interested in. But I have followed this thread with interest and am learning. What I am learning is somewhat embarrassing.


Ron
__________________
Ron 61
Ronnie Widener


View my Miscellaneous Gallery
Reply With Quote
  #70 (permalink)  
Old 12-18-2008, 01:46 PM
Jamo's Avatar
Super Moderator
Visit my Photo Gallery
Lifetime Contributor
 
Join Date: May 2001
Location: Fresno, CA
Cobra Make, Engine: KMP 184/482ci Shelby
Posts: 14,445
Not Ranked     
Default

Just to show you how helpful I can be without charging a dime...it all started with this one.

The First UAW-GM Agreement
February 11, 1937
Agreement entered into on this 11th day of February, 1937, between the General Motors Corporation (hereinafter referred to as the Corporation) and the International Union, United Automobile Workers of America (hereinafter referred to as the Union).

The Corporation hereby recognizes the Union as the Collective Bargaining agency for those employees of the Corporation who are members of the Union. There shall be no discrimination, interference, restraint or coercion by the Corporation or any of its agents against any employee because of membership in the Union. The Corporation and the Union agree to commence collective bargaining negotiations on February 16th with regard to the issues specified in the letter of January 4th, 1937, from the Union to the Corporation, for the purpose of entering into a collective bargaining agreement, or agreements, covering such issues, looking to a final and complete settlement of all matters in dispute. The Union agrees to forthwith terminate the present strike against the Corporation, and to evacuate all plants now occupied by strikers. The Corporation agrees that all of its plants, which are on strike, or otherwise idle shall resume operations as rapidly as possible. It is understood that all employees now on strike or otherwise idle will return to their usual work when called and that no discrimination shall be made or prejudices exercised by the Corporation against any employee because of his former affiliation with, or activities in, the Union or the present strike. The Union agrees that pending the negotiations referred to in Paragraph Two, there shall be no strikes called or any other interruption to or interference with production, by the Union or its members. During the existence of the collective bargaining agreement contemplated pursuant to Paragraph Two, all opportunities to achieve a satisfactory settlement of any grievance or enforcement of any demands by negotiations shall be exhausted before there shall be any strikes or other interruption to or interference with production by the Union or its members. There shall be no attempts to intimidate or coerce any employees by the Union and there shall not be any solicitation or signing up of members by the Union on the premises of the Company. This is not to preclude individual discussion. After the evacuation of its plants and the termination of the strike the Corporation agrees to consent to the entry of orders, dismissing the injunction proceedings which have been started by the Corporation against the Union, or any of its members, or officers or any of its locals, including those pending in Flint, Michigan and Cleveland, Ohio, and subject to the approval of the Court to discontinue all contempt proceedings which it has instituted thereunder.
GENERAL MOTORS CORPORATION
/s/ William S. Knudsen
/s/ J. T. Smith
/s/ D. Brown
UNITED AUTOMOBILE WORKERS
/s/ Wyndham Mortimer, First Vice-President
/s/ Lee Pressman, General Counsel, CIO
/s/ John L. Lewis, Chairman, CIO
__________________
Jamo
Reply With Quote
  #71 (permalink)  
Old 12-18-2008, 01:53 PM
Ron61's Avatar
Senior Club Cobra Member
Visit my Photo Gallery

 
Join Date: Dec 2001
Location: Shasta Lake, CA
Cobra Make, Engine:
Posts: 26,592
Not Ranked     
Default



Now if you had the original copy of that it would most likely be worth a fortune. That has to be one of the shortest contracts written.


Ron
__________________
Ron 61
Ronnie Widener


View my Miscellaneous Gallery
Reply With Quote
  #72 (permalink)  
Old 12-18-2008, 02:05 PM
Jamo's Avatar
Super Moderator
Visit my Photo Gallery
Lifetime Contributor
 
Join Date: May 2001
Location: Fresno, CA
Cobra Make, Engine: KMP 184/482ci Shelby
Posts: 14,445
Not Ranked     
Default

Note that the UAW was part of the CIO at the time (pre-merger with the AFL...and Joe Namath). CIO was full of Commies...John L. being the loudest of them. One of the reasons some folks were not anti-Hitler at the time was how he treated the Communists which were infiltrating labor organizations in Europe and the United States.

[Steve...you want to be "educated" right? Well, we're starting at the beginning. Now pay attention.]
__________________
Jamo

Last edited by Jamo; 12-18-2008 at 02:09 PM..
Reply With Quote
  #73 (permalink)  
Old 12-18-2008, 05:29 PM
SP01715's Avatar
CC Member
Visit my Photo Gallery

 
Join Date: Aug 2006
Location: San Diego, CA
Cobra Make, Engine: SPF1715, Roush Built 434 ci Stroker, Dart Block, Ported AFR 205 Heads... 561 hp / 547 tq, Former Roush Show Car, Completed and Prepped By Olthoff Racing.
Posts: 1,066
Not Ranked     
Default

Quote:
Originally Posted by DAVID GAGNARD View Post
My mistake in typing, IT IS an 05 Crew Cab Super Duty Diesel, should have left off the HD, you want me to post a picutre for proof????
Since buying my first Ford truck in 1976, I HAVE OWNED NOTHING BUT FORD TRUCKS!!!!!!!!!!!!!!!!!!!!!!!!!

I do love the truck, I tow a race car and a bass boat as well as a bay boat and it does the job effortlessly......but, at 4,000 miles the turbo went out and I purposely waited for the 05's so I could get the intergrated electric brake controller which, BTW is a piece of crap in the 05's, 2 different dealers have worked on it a total of 4 times and it still doesn't work half as good as an under dash aftermarket unit.......just check with any ford truck diesel forum and you'll see what I'm talking about.........

As stated, bewteen my wife and I, we have had numerous Ford cars and trucks. I've had one truck (1989 model F-150) go beyound 100,000 miles without any major problems, ONLY ONE......We have not had a Ford car even make 100,000. One almost burned to the ground at around 20,000 while driving 30 mph down the road.Others need major work once they passed 60,000 miles....

At the present time, I have the 05 F-250, wifey drives a Taurus and I have a 65 Mustang and a 66 Mustang, we are a Ford family... I just re-counted and since we've been married, we've had 12 Ford cars and trucks...(would you like for me to list them for proof???)....Just saying Ford doesn't neccasarily make the best cars and trucks out there...............

For every high mileage Ford/Chev./Dodge truck/car you can find, I'll show you 10 Toyota/Hondas with the same or more mileage.....I do this for a living, I see on the average "only" 1,200 cars and trucks a year, for the last 14 years, so I do know a "little" of what I'm talkng about.......

David
Sounds like you have had bad luck. The only American vehicle I have had problems with was an 04 Ford Excursion the first year they had the 6.0 diesel. In the past 15 years I have owned a 94 Chevy 1500 Z71, a 98 Dodge Durango, a 99 F250 Super Duty diesel, an 02 F350 diesel and the above mentioned 04 Chevy and Jeep. All have been great.

The last Jap truck I owned was an 87 Toyota. I had an 84 before that that did not make it past 100k. It was probably because of pulling 33" tires that I had on it, but my American trucks have had no problems with bigger after market tires. The small 4 cylinder Toyota's were pathetic in the HP and Tourqe category.

It sounds like we have had different experiences. Look at the latest Car and Drivers list of the ten worst cars to own because of problems, and the top cars on the list are not American.
Reply With Quote
  #74 (permalink)  
Old 12-19-2008, 01:12 AM
CC Member
Visit my Photo Gallery

 
Join Date: Oct 1999
Location: Bismarck, North Dakota, USA,
Posts: 920
Not Ranked     
Talking

Quote:
Originally Posted by VRM View Post
I'd be happy to read it. I've looked for it before and have not been able to find it online. Can you post a link or send a copy? I work with the facts I have - if you can prove them wrong (a contract could certainly do that) I will be happy to say so. Try proving your case instead of trying to convince me that you know everything there is to know about everything. Show me the data that you are working from and I may come to the same conclusion that you have.

Steve
Steve,

Don't worry about reading the contract.
It isn't relevant to the original first post I made on this thread:
Quote:
Originally Posted by Wes
So Labor makes up a paltry 10-15 percent of the cost of autos and this is where the deepest cuts have to be made?
I don't know where I lost Jamo, or anyone else, but rest assured that President Ron Gettelfinger didn't get his 10% from the pages of the contract. Nor did anyone get the bogus $76/hr figure from reading the contract. For a lead to the $70 "shocking earning" source, check out this appalling propoganda: http://www.uaw.org/auto/12_01_08auto1.cfm . Prepare to be shocked and appalled. Just kidding.

Or, on second thought, maybe you should worry about reading the contract ...in the possibile instance that my thread whining about the "paltryness of 10%" has been successfully, and completely legitimately, hi-jacked and has turned the thread into a contract-reading-fest. I realise these are brutal words.

For a while there, Jamo completely lost me as to why the contract was so important to my original point. And I still don't see it. Of course it's important, but not to my point.

As an example, a contract is a very basic thing. It is most often a piece of paper, with writing on it, that is an exchange of promises between two or more parties to do, or refrain from doing, an act which is enforceable in a court of law. With very little stretch, a dollar bill is a contract of sorts. It's paper, it has writing on it, and promises, "This note is legal tender for all debts, public and private." Is it fair? Beats me. It's an agreement at the time.

Now, if I were discussing drug smuggling, prostitution or political bribery, I would not insist that my fellows read the dollar bill to gain insight. The writing on the dollar bill has no bearing on its destiny in moral turpitude. While the piece of paper, the dollar, is involved by anyones count, the printing on it is not paramount to where it goes in any given instance.

Steve, I hope to God that you and/or others can follow me because I haven't had much visable luck in my scientific(?) quest for truth ....except for Stentor directly questioning some rather simple math.

And, as for Jamo, should he be reading your mail...
Quote:
Originally Posted by Jamo
Wes...no flame or disrespect intended, but you have essentially made yourself totally irrelevant to this discussion.
Jamo, I have never been told in such a totally pleasant manner that I was pretty much rendered a worthless poop. So I want to thank you for your kind words and apologise for my prior beating around the bush that opening the pages on the exact words on the contract weren't a big deal, at least to me. As usual, I'll assume that each side plans to spring a surprise interpretation on their opponent soon after it is signed. That accounts for the all-around wry smiles during the signing process.

I should have come right out, like a man, and said that the contract, although a minor contributing factor, wasn't directly relevant to the discussion I started with. Now if we could open the accounting books at GM, I think those would be worth reading, and very relevant, to determine if labor really cost only 10%. I highly suspect that the accounting books, not the jello-clad contract, also hold the secret to the real calculated cost, in dollars per hour, of the average employee.

So, while I fully appreciate your law degree and astute verbal comprehension, Jamo ...where's Bernie, aka Beancounter?
Not that I believe he would side with me here, or have an inside scoop.
Well, maybe an inside scoop, divulged to a sharp accountants eye in the GM etc public annual report(s).

Or maybe I should just move on from this 10% vs $76/hr thing before I dig any deeper. I'm probably the only one here that would be shocked and appalled that corporate influenced congressmen would blame 10% labor and be willing to scuttle the country over it.

Check this out: http://www.uaw.org/auto/12_16_08auto1.cfm . Yeah, I know ...lyin' liberal ba$tard$.
I have this adopted theory (from AARP) why segments of corporate America would like to go bankrupt and press politicians on both sides to bring it about. It involves the Pension Benefit Guaranty Corporation (PBGC), http://www.pbgc.gov/ . Hang on to your wallet, Joe six-pack.

WES


...
Reply With Quote
  #75 (permalink)  
Old 12-19-2008, 01:23 AM
Jamo's Avatar
Super Moderator
Visit my Photo Gallery
Lifetime Contributor
 
Join Date: May 2001
Location: Fresno, CA
Cobra Make, Engine: KMP 184/482ci Shelby
Posts: 14,445
Not Ranked     
Default

So, given your position on reading the contract, might I presume there's no chance in hell that you'll be reading ERISA and the MPPAA with regard to any points you wish to make about the PBGC?



As an aside...gettin a might cold up there in the early morning hours?
__________________
Jamo

Last edited by Jamo; 12-19-2008 at 01:26 AM..
Reply With Quote
  #76 (permalink)  
Old 12-19-2008, 08:47 AM
VRM's Avatar
VRM VRM is offline
Senior Club Cobra Member
Visit my Photo Gallery

 
Join Date: Dec 2003
Cobra Make, Engine:
Posts: 2,705
Not Ranked     
Default

Wes,
I'm actually interested in reading the contract. The UAW seems to post highlights, and not the actual contract. There is one part that I found that says:

"The proposed agreement maintains the Independence Day week shutdown at GM. During the week of the Independence Day holiday, seniority UAW workers will receive four days (32 hours) off at their regular rate of pay, including shift and seven-day operation premiums. Eligibility is unchanged from the 2003-2007 agreement.
Over the term of the proposed agreement, the 32 hours of shutdown pay are worth an average of $950 each year for a typical GM assembler.
"

This breaks down to a little under $30 per hour 'for a typical GM assembler'. Perhaps they have other job categories that I am not aware of, perhaps they have a handful of members that make $300 per hour - I don't trust the UAW to freely provide any information that is going to make them look bad to the public.

Jamo,
You have my attention. I enjoy history (I think you know that); I'm familiar with Hitler and the attitudes of American businessmen of the day.

I saw the line in that first contract forbidding union recruiting on company grounds - when/how did it become all union - they don't have a choice if they want to work in a union plant, right? A friend of mine at NET was a union worker, but refused to go on strike during the big one in '89 or so. She still had to pay union dues afterwards, but she said she no longer had union protection.

Steve
__________________
If you can't stay on the road, get off it!!
Reply With Quote
  #77 (permalink)  
Old 12-19-2008, 09:19 AM
Don Don is offline
Senior Club Cobra Member
Visit my Photo Gallery

 
Join Date: Aug 1999
Location: Ellington, CT
Cobra Make, Engine: Classic Roadster 351W, T5, Red & White
Posts: 3,478
Not Ranked     
Default

The definition of " entitlement " :

" AFL-CIO President John Sweeney said the nation's largest organized labor organization was "thrilled" that Solis would be the next labor secretary. "

"We're confident that she will return to the labor department one of its core missions -- to defend workers' basic rights in our nation's workplaces," Sweeney said. "
__________________
2014 Porsche Cayman S, 2014 M-B CLA 45 AMG,
Unkown:"Their sweet lines all but take my breath away, and I desire them as much for their beauty as for their use "
Reply With Quote
  #78 (permalink)  
Old 12-19-2008, 11:02 AM
imagine2frolic's Avatar
Senior Club Cobra Member
Visit my Photo Gallery

 
Join Date: Oct 2006
Location: Orange Park, FL.
Cobra Make, Engine: n/a
Posts: 1,596
Send a message via Yahoo to imagine2frolic
Not Ranked     
Default

There was a time when a union was needed to protect a worker. Now we have the frivolous lawsuits, so we can drop the unions........lololololol
__________________
20mph is not fast, unless you are doing it in a 3/2, 1000sq. ft. house on 10 ft. waves!
Reply With Quote
  #79 (permalink)  
Old 12-19-2008, 12:25 PM
Jamo's Avatar
Super Moderator
Visit my Photo Gallery
Lifetime Contributor
 
Join Date: May 2001
Location: Fresno, CA
Cobra Make, Engine: KMP 184/482ci Shelby
Posts: 14,445
Not Ranked     
Default

Steve, the National Labor Relations Act regulating labor-management relations did not come into existence until a decade after that contract was signed, so the law of the land was whatever contract a company and union worked out regarding organizing before then. If no contract existed, then organizing was based on whatever method a union could get away with (on or off the property) before Brinks and a few other security organizations caught them and "enticed" them to stop doing it. Sabotage was a common weapon employed by employees to get companies to recognize their union...strikes never really hurt companies given the unemployment levels of the Depression.

Don...yup! Card-check legislation will be on Obama's desk before the Spring.
__________________
Jamo
Reply With Quote
  #80 (permalink)  
Old 12-19-2008, 01:15 PM
CC Member
Visit my Photo Gallery

 
Join Date: Oct 1999
Location: Bismarck, North Dakota, USA,
Posts: 920
Not Ranked     
Talking

Quote:
Originally Posted by Jamo View Post
So, given your position on reading the contract, might I presume there's no chance in hell that you'll be reading ERISA and the MPPAA with regard to any points you wish to make about the PBGC?



As an aside...gettin a might cold up there in the early morning hours?
Yeah, colder than a witches... ...in January.
Part of my time went to looking for a $300 Toyota Smart Key that I ran through the snowblower.

I have a simple statement about the PBGC at the bottom. But...

Jamo, the teacher in you never quits, does it? I think you enjoy teaching more than law. Teaching even if it's free. Students, read your assignments etc.
And the whole time I'm struggling to amateur pro-bono for labor ...struggling which in itself is eating into considerable time ...time that I naively never expect to spend, duh. Talk about self delusion.

If I were a trial lawyer, which I'm not, and this discussion was a trial, which it's not, I'd try to redirect unfavorable focus.
I'd try to redirect focus from some troubling testimony, to some less volatile area or bury it altogether, concerning some striking unfavorable incongruent numerical figures.
Or, if I were a teacher of law, I'd make everybody read everything ad nauseum so we could pick, as a good lawyer should, through some obscure details that may or may not arise.

Nice try. Read-fest, geez. I got a day job you know.

Never-the-less, for the benefit of the "court", here is a condensed version of PBGC, ERISA and MPPAA from wikipedia.

PBGC:
The Pension Benefit Guaranty Corporation (or PBGC) is an independent agency of the United States government that was created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private defined benefit pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at the lowest level necessary to carry out its operations. Subject to other statutory limitations, the PBGC insurance program pays pension benefits up to the maximum guaranteed benefit set by law to participants who retire at age 65 ($54,000 a year as of 2009).[1] The benefits payable to insured retirees who start their benefits at ages other than 65, or who elect survivor coverage, are adjusted to be equivalent in value.


ERISA:
The Employee Retirement Income Security Act of 1974 (ERISA) (Pub.L. 93-406, 88 Stat. 829, enacted September 2, 1974) is an American federal statute that establishes minimum standards for pension plans in private industry and provides for extensive rules on the federal income tax effects of transactions associated with employee benefit plans. ERISA was enacted to protect the interests of employee benefit plan participants and their beneficiaries by requiring the disclosure to them of financial and other information concerning the plan; by establishing standards of conduct for plan fiduciaries; and by providing for appropriate remedies and access to the federal courts.

ERISA is sometimes used to refer to the full body of laws regulating employee benefit plans, which are found mainly in the Internal Revenue Code and ERISA itself.

Responsibility for the interpretation and enforcement of ERISA is divided among the Department of Labor, the Department of the Treasury (particularly the Internal Revenue Service), and the Pension Benefit Guaranty Corporation.


MPPAA:
Multiemployer Pension Plan Amendments Act of 1980 . Not available in wikipedia(?). As a common serf, I have added unrelated expert info to wikipedia ...and this is your most welcome wikipedia chance to teach as an expert, if you haven't already. Yeah, I know wikipedia's a commy site. Center it, if you can.

**********************

Back to PBGC:

Now my adopted theory from AARP, regarding PBGC, is that corporate accounting has discovered they can conveniently shirk pension liabilities by simply "re-organizing" in bankruptcy. As the fund collapses under escalating unexpected claims, the pensions then become the responsibility of the federal government. Those of us on this forum are the working class. We pay all the taxes, one way or another. We are, in effect, the responsible part of federal government along with our wallets. So that's PBGC as I see it. But...

As if that weren't enough, cities (perhaps states) cannot go bankrupt in the same manner. To pay pie-in-the-sky promises to employees and bonds, cities generally simply raise property taxes.

So those of us eligible for pension (me, never), first get a "lower" on our fixed paycheck ...as income taxes and taxes on our paid-for home go up. Reaching the American dream is not a problem. Keeping it is, of late.

And I'm beginning to wonder if some weasels haven't found a way to grossly raid 401K. Economics 101: Whenever somebody loses wealth, somebody makes wealth.
The law of conservation of wealth in the universe, perhaps.

Sweet, eh? ................Not.

Man, can't leave money lying around anywhere anymore.


Wes


...
Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -7. The time now is 01:28 AM.


Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.6.0
The representations expressed are the representations and opinions of the clubcobra.com forum members and do not necessarily reflect the opinions and viewpoints of the site owners, moderators, Shelby American, any other replica manufacturer, Ford Motor Company. This website has been planned and developed by clubcobra.com and its forum members and should not be construed as being endorsed by Ford Motor Company, or Shelby American or any other manufacturer unless expressly noted by that entity. "Cobra" and the Cobra logo are registered trademarks for Ford Motor Co., Inc. clubcobra.com forum members agree not to post any copyrighted material unless the copyrighted material is owned by you. Although we do not and cannot review the messages posted and are not responsible for the content of any of these messages, we reserve the right to delete any message for any reason whatsoever. You remain solely responsible for the content of your messages, and you agree to indemnify and hold us harmless with respect to any claim based upon transmission of your message(s). Thank you for visiting clubcobra.com. For full policy documentation refer to the following link: CC Policy
Links monetized by VigLink