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Brown Cafe UPS Forum
UPS Union Issues
Another example of Central States mismanagement
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<blockquote data-quote="sawdusttv" data-source="post: 218390" data-attributes="member: 7476"><p><strong>Re: What benefits would *you* have cut to rebalance the Fund?</strong></p><p></p><p></p><p> </p><p>Jon,</p><p>We can go on all day with maybe's and might be's, but you're right we don't actually know how it would work. You asked how I would do it, I told you.</p><p>At least my way would protect the retirement of those who do not have enough time left to recover from the cuts. The rest of the people have the luxury of time on there side, as do the trustees in my senario. It buys time, while still giving the older employees the retirement that they were promised, and gives the fund and the trustees the time to recover and find a way to straighten things out for the rest of the members.</p><p> </p><p>As far as the investment choices made. Others did lose also and some funds made gains, but some of the investments that CS made look more like money laundering operations rather than investments.</p></blockquote><p></p>
[QUOTE="sawdusttv, post: 218390, member: 7476"] [b]Re: What benefits would *you* have cut to rebalance the Fund?[/b] Jon, We can go on all day with maybe's and might be's, but you're right we don't actually know how it would work. You asked how I would do it, I told you. At least my way would protect the retirement of those who do not have enough time left to recover from the cuts. The rest of the people have the luxury of time on there side, as do the trustees in my senario. It buys time, while still giving the older employees the retirement that they were promised, and gives the fund and the trustees the time to recover and find a way to straighten things out for the rest of the members. As far as the investment choices made. Others did lose also and some funds made gains, but some of the investments that CS made look more like money laundering operations rather than investments. [/QUOTE]
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Another example of Central States mismanagement
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