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UPS Retirement Topics
Central States (IBT or Teamster) Pension Plan Goes Insolvent??????
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<blockquote data-quote="raceanoncr" data-source="post: 1044186" data-attributes="member: 6408"><p>Just heard from current driver/friend yesterday that at general meeting last Sun, they announced Central will be completely dry in ten yrs. No, I didn't go. I'm retired. Don't know if this announcement is official either. Just what I heard from him. </p><p></p><p>Heard they said they are trying to be taken over by other funds. Funny, who in their right mind would volunteer for THAT? Let's see....you've been mismanaging this for eternity, blaming it on the economy, and when the econcomy and everyone else's individual funds turn around, you're STILL losing money? </p><p></p><p>And how many other funds around the country are in position to do this anyway? Oh, I know some are doing very well. Would THEY want to take over a boat anchor? </p><p></p><p>We just better hope that UPS, out of the goodness of their heart, will make up the difference..........<img src="/community/styles/default/xenforo/smilies/emoticons/rofl.gif" class="smilie" loading="lazy" alt=":rofl:" title="Rofl :rofl:" data-shortname=":rofl:" /></p></blockquote><p></p>
[QUOTE="raceanoncr, post: 1044186, member: 6408"] Just heard from current driver/friend yesterday that at general meeting last Sun, they announced Central will be completely dry in ten yrs. No, I didn't go. I'm retired. Don't know if this announcement is official either. Just what I heard from him. Heard they said they are trying to be taken over by other funds. Funny, who in their right mind would volunteer for THAT? Let's see....you've been mismanaging this for eternity, blaming it on the economy, and when the econcomy and everyone else's individual funds turn around, you're STILL losing money? And how many other funds around the country are in position to do this anyway? Oh, I know some are doing very well. Would THEY want to take over a boat anchor? We just better hope that UPS, out of the goodness of their heart, will make up the difference..........:rofl: [/QUOTE]
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Central States (IBT or Teamster) Pension Plan Goes Insolvent??????
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