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Central states/Teamsters pension fun
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<blockquote data-quote="Notretiredyet" data-source="post: 2877538" data-attributes="member: 44381"><p>So you are willing to walk away from a pension you've been paying into all these years and start having that money put into your 401k instead? Hope you have a lot of years left. Thats the problem with that idea as those nearing retirement would really get hosed. My biggest issue is that everyone places blame on the teamsters and yes they had a part in it. But not once has our TDU friends mentioned deregulation or companies like Hostess and Yellow Freight who walked away from hundreds and hundreds of millions in pension liabilities, leaving the rest of us paying their retirees benefits. This will eventually become a non issue as the pre 2008 hires are in the UPS/IBT pension but something needs to be done to assure UPS will make its retirees benefits whole from pension losses that may occur from the demise of the CSPF.</p></blockquote><p></p>
[QUOTE="Notretiredyet, post: 2877538, member: 44381"] So you are willing to walk away from a pension you've been paying into all these years and start having that money put into your 401k instead? Hope you have a lot of years left. Thats the problem with that idea as those nearing retirement would really get hosed. My biggest issue is that everyone places blame on the teamsters and yes they had a part in it. But not once has our TDU friends mentioned deregulation or companies like Hostess and Yellow Freight who walked away from hundreds and hundreds of millions in pension liabilities, leaving the rest of us paying their retirees benefits. This will eventually become a non issue as the pre 2008 hires are in the UPS/IBT pension but something needs to be done to assure UPS will make its retirees benefits whole from pension losses that may occur from the demise of the CSPF. [/QUOTE]
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