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Brown Cafe UPS Forum
UPS Retirement Topics
Dreaded Pension Funding Level Letter
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<blockquote data-quote="705red" data-source="post: 727139" data-attributes="member: 5229"><p>Many pension funds have lost money recently. Some have lost considerably more than others. Like sober said the western whcih is the envy of every fund dropped to 84% and is now back to 89% funded. Some funds decided to ride out the storm, some moved money to safer bonds etc. I know my 401k took a serious hit and that is small change compared to the billions some of these funds have.</p><p> </p><p>I would like to say that the majority of funds will rebound and we will all be better off, but I cant. Playing the stock market and investing is nothing more than legalized gambling. IMO</p><p> </p><p>I to received a letter from local 705 as im sure every vested pensioner within UPS and the Teamsters have.</p></blockquote><p></p>
[QUOTE="705red, post: 727139, member: 5229"] Many pension funds have lost money recently. Some have lost considerably more than others. Like sober said the western whcih is the envy of every fund dropped to 84% and is now back to 89% funded. Some funds decided to ride out the storm, some moved money to safer bonds etc. I know my 401k took a serious hit and that is small change compared to the billions some of these funds have. I would like to say that the majority of funds will rebound and we will all be better off, but I cant. Playing the stock market and investing is nothing more than legalized gambling. IMO I to received a letter from local 705 as im sure every vested pensioner within UPS and the Teamsters have. [/QUOTE]
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Dreaded Pension Funding Level Letter
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