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Central States Pension Reduction Plan Letter announces Cuts - October 2015
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<blockquote data-quote="Inthegame" data-source="post: 1867216" data-attributes="member: 37112"><p>Comparatively speaking, $8.3 million is a drop in a big friend'n barrel with a huge hole in it. The CSPF is losing close to a billion a year. They missed their assumption target by .7 pct last year and came up $900,000,000 short. I know you know numbers but some other crazybrains are a little light so for their sake cutting salaries to $0 still leaves CSPF $891,700,000 short. How long you figure they'd survive with that brainstorm of a cost cutting measure? </p><p>BTW, every year of losses their depleted assets earn less. Maybe someone in Hawaii can help fix this?</p></blockquote><p></p>
[QUOTE="Inthegame, post: 1867216, member: 37112"] Comparatively speaking, $8.3 million is a drop in a big friend'n barrel with a huge hole in it. The CSPF is losing close to a billion a year. They missed their assumption target by .7 pct last year and came up $900,000,000 short. I know you know numbers but some other crazybrains are a little light so for their sake cutting salaries to $0 still leaves CSPF $891,700,000 short. How long you figure they'd survive with that brainstorm of a cost cutting measure? BTW, every year of losses their depleted assets earn less. Maybe someone in Hawaii can help fix this? [/QUOTE]
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Central States Pension Reduction Plan Letter announces Cuts - October 2015
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