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UPS Retirement Topics
Central States fund invests $6.1 billion UPS payment
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<blockquote data-quote="mrvngrdns" data-source="post: 306792" data-attributes="member: 7204"><p>Actually, the monies sent from UPS to the Central States Pension Fund can be broken down as follows.....</p><p></p><p>4.2 billion to Mellon Capitol Management</p><p>900 million to Lehman Aggregate Bond Index Fund</p><p>1 billion to Northern Trust Global Advisors</p><p></p><p>United Parcel Services contribution is about 22-23% of the total asset of CS, so any questions regarding the allocation of assets has to concern the total assets of CS, not just the contribution of UPS. </p><p></p><p>It's impossible from the article to determine the breakdown of Central States total portfolio, but I'm sure that Mellon has many highly paid "geniuses" to decide what percentage should be allocated to the domestic stock market, the international stock market, bonds, real estate, cash holdings, etc. </p><p></p><p>I'm all for full disclosure of pension fund investments, and for rules prohibiting risky investments, such as using derivatives. For too long, us pensioners have been left in the dark regarding how our pension funds are invested. I'm not a member of CS, but a retiree in Local 710, which I understand is also underfunded. I can only hope that my pension is invested in a safe, secure manner in the future.</p><p></p><p>I would have no problem with the asset allocation that CS has chosen to invest the 6.1 billion.</p></blockquote><p></p>
[QUOTE="mrvngrdns, post: 306792, member: 7204"] Actually, the monies sent from UPS to the Central States Pension Fund can be broken down as follows..... 4.2 billion to Mellon Capitol Management 900 million to Lehman Aggregate Bond Index Fund 1 billion to Northern Trust Global Advisors United Parcel Services contribution is about 22-23% of the total asset of CS, so any questions regarding the allocation of assets has to concern the total assets of CS, not just the contribution of UPS. It's impossible from the article to determine the breakdown of Central States total portfolio, but I'm sure that Mellon has many highly paid "geniuses" to decide what percentage should be allocated to the domestic stock market, the international stock market, bonds, real estate, cash holdings, etc. I'm all for full disclosure of pension fund investments, and for rules prohibiting risky investments, such as using derivatives. For too long, us pensioners have been left in the dark regarding how our pension funds are invested. I'm not a member of CS, but a retiree in Local 710, which I understand is also underfunded. I can only hope that my pension is invested in a safe, secure manner in the future. I would have no problem with the asset allocation that CS has chosen to invest the 6.1 billion. [/QUOTE]
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