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Brown Cafe UPS Forum
UPS Union Issues
Central States Pension Cut to be Announced Next Week!!!!!!
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<blockquote data-quote="Mugarolla" data-source="post: 1807867" data-attributes="member: 8481"><p>Nope.</p><p></p><p>The active money coming in is not supposed to pay for current retirees.</p><p></p><p>They are in trouble because too many employers went out of business owing the fund billions.</p><p></p><p>They guaranteed 30 and out at $3000 when they did not have the funds for it.</p><p></p><p>The stock market took a dump.</p><p></p><p>Mis-management.</p><p></p><p>You name it, but it is not because there are not enough people paying into it.</p><p></p><p>That would be what? .......</p><p></p><p>A ponzi scheme.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 1807867, member: 8481"] Nope. The active money coming in is not supposed to pay for current retirees. They are in trouble because too many employers went out of business owing the fund billions. They guaranteed 30 and out at $3000 when they did not have the funds for it. The stock market took a dump. Mis-management. You name it, but it is not because there are not enough people paying into it. That would be what? ....... A ponzi scheme. [/QUOTE]
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Central States Pension Cut to be Announced Next Week!!!!!!
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