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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: 218221"><p><strong>Re: What benefits would *you* have cut to rebalance the Fund?</strong></p><p></p><p></p><p></p><p>Dear Trustee Sawdust, </p><p>(A/K/A Sawdust The Cruel, Sawdust The Unmerciful, Sawdust The Unkind, Sawdust The Heartless, Sawdust The Destroyer Of Dreams, etc.)</p><p></p><p>We both would need an accountant and an actuary to "run the numbers" to see if your cuts got the job done or not. </p><p></p><p>By exempting the 25-year-and-over people, you are making the cuts all the more brutal for everyone else. A disgruntled group called the Association of Parcel Workers of America Who Despise Trustee Sawdust will spring up and make your life a living Hell. </p><p></p><p>You may also have made joining the fund so unappealing for young people that you killed the Fund. </p><p></p><p>It will take years for your cuts to gradually produce results. </p><p></p><p>It may also be illegal to accept the same hourly contribution rate from a range of people, but credit them with different dollar accrual amounts depending on their seniority. I just don't know. In any event, the more specifics you give, the more people will hate you. </p><p></p><p>I'm also not so sure the Trustees and Investment Advisors mismanaged the investments. In retrospect, we know they blew it, but how many would have said they were poor investment choices at the time? Lots of funds and individuals lost money in 2000-2002, just as Central States did.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 218221"] [b]Re: What benefits would *you* have cut to rebalance the Fund?[/b] Dear Trustee Sawdust, (A/K/A Sawdust The Cruel, Sawdust The Unmerciful, Sawdust The Unkind, Sawdust The Heartless, Sawdust The Destroyer Of Dreams, etc.) We both would need an accountant and an actuary to "run the numbers" to see if your cuts got the job done or not. By exempting the 25-year-and-over people, you are making the cuts all the more brutal for everyone else. A disgruntled group called the Association of Parcel Workers of America Who Despise Trustee Sawdust will spring up and make your life a living Hell. You may also have made joining the fund so unappealing for young people that you killed the Fund. It will take years for your cuts to gradually produce results. It may also be illegal to accept the same hourly contribution rate from a range of people, but credit them with different dollar accrual amounts depending on their seniority. I just don't know. In any event, the more specifics you give, the more people will hate you. I'm also not so sure the Trustees and Investment Advisors mismanaged the investments. In retrospect, we know they blew it, but how many would have said they were poor investment choices at the time? Lots of funds and individuals lost money in 2000-2002, just as Central States did. [/QUOTE]
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Another example of Central States mismanagement
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