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Brown Cafe UPS Forum
UPS Union Issues
Another example of Central States mismanagement
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<blockquote data-quote="18wheelbrownie" data-source="post: 216897" data-attributes="member: 5398"><p><strong>Re: Central States: 63% Funded, And Rising; Not 47% And Falling Toward Zero</strong></p><p></p><p></p><p></p><p></p><p>you know , i love the fact its up to 21 billion, but where are the other numbers, retirees, active participants,other retired and deceased ? they post 2006 current value of assets (21 billion) but not the current liability and on the next line pension fund rating! how was this over looked? this is the real inside story! i called cs and was told the 5500 form for 2006 would not be available for its participants until the 4th qtr. of 2007! where are the new rules that we can have our retirement money with no strings attach and have our 25 or 30 out back! it's nice tdu paints a green pasture but the fact is they don't want the apwa either! because most of there members are ups! tdu is not saying too much about the pension act of 2005 that will start jan.1,2008 ? i bet you will see more cuts everywhere! look , tdu has the right idea but they are fighting city hall (ibt) and most of us can't and won't wait for change one small step at a time! jonfrum, why don't you tell us more about your fund, new england multiemployer plan, i believe thats where you said in another thread, thats where you are from!<img src="/community/styles/default/xenforo/smilies/group1/thumbup1.gif" class="smilie" loading="lazy" alt=":thumbup1:" title="Thumbup1 :thumbup1:" data-shortname=":thumbup1:" /></p></blockquote><p></p>
[QUOTE="18wheelbrownie, post: 216897, member: 5398"] [b]Re: Central States: 63% Funded, And Rising; Not 47% And Falling Toward Zero[/b] you know , i love the fact its up to 21 billion, but where are the other numbers, retirees, active participants,other retired and deceased ? they post 2006 current value of assets (21 billion) but not the current liability and on the next line pension fund rating! how was this over looked? this is the real inside story! i called cs and was told the 5500 form for 2006 would not be available for its participants until the 4th qtr. of 2007! where are the new rules that we can have our retirement money with no strings attach and have our 25 or 30 out back! it's nice tdu paints a green pasture but the fact is they don't want the apwa either! because most of there members are ups! tdu is not saying too much about the pension act of 2005 that will start jan.1,2008 ? i bet you will see more cuts everywhere! look , tdu has the right idea but they are fighting city hall (ibt) and most of us can't and won't wait for change one small step at a time! jonfrum, why don't you tell us more about your fund, new england multiemployer plan, i believe thats where you said in another thread, thats where you are from!:thumbup1: [/QUOTE]
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Another example of Central States mismanagement
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