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Brown Cafe UPS Forum
UPS Union Issues
Another example of Central States mismanagement
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<blockquote data-quote="JonFrum" data-source="post: 217787"><p><strong>Re: What Are The Teamsters Doing To Fix The Pension Problems?</strong></p><p></p><p></p><p></p><p>After loosing billions in the market drop of 2000-2002, the Central States fund's assets have increased each year.</p><p></p><p>2002 . . . $15.4 billion</p><p>2003 . . . .17.7</p><p>2004 . . . .18.7</p><p>2005 . . . .19.3</p><p></p><p>And TDU reported,</p><p>2006 . . .$20.7 billion</p><p>2007 . . . .22 billion (estimate, if the stock market continues to go up.)</p><p></p><p>These figures are Net Assets. Net Assets are what the Fund actually has on hand after Liabilities are subtracted. The Titanic went Down. Central States is going Up.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 217787"] [b]Re: What Are The Teamsters Doing To Fix The Pension Problems?[/b] After loosing billions in the market drop of 2000-2002, the Central States fund's assets have increased each year. 2002 . . . $15.4 billion 2003 . . . .17.7 2004 . . . .18.7 2005 . . . .19.3 And TDU reported, 2006 . . .$20.7 billion 2007 . . . .22 billion (estimate, if the stock market continues to go up.) These figures are Net Assets. Net Assets are what the Fund actually has on hand after Liabilities are subtracted. The Titanic went Down. Central States is going Up. [/QUOTE]
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Another example of Central States mismanagement
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