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UPS Retirement Topics
Has IBT/CS been a wise steward of our pension?
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<blockquote data-quote="my2cents" data-source="post: 52999"><p>As it stands now, multi-employer funds are co-mingled, otherwise the partitioning bill never goes to Congress. It is difficult to tell who has what share of these plans. The only way to find out would be to open the books, which these funds probably won't do. Instead, one can only get summarized results, which can show whether or not the cash flow is negative or positive, the ratio of retirees to participants and the overall funding level. </p><p> </p><p>One positive thing about an APWA sponsored plan would be the fact that it would be a single employer plan and it would have to be funded at a 90% or greater level. This would pretty much end most of the mental gymnastics required with multi-employer funds.</p></blockquote><p></p>
[QUOTE="my2cents, post: 52999"] As it stands now, multi-employer funds are co-mingled, otherwise the partitioning bill never goes to Congress. It is difficult to tell who has what share of these plans. The only way to find out would be to open the books, which these funds probably won't do. Instead, one can only get summarized results, which can show whether or not the cash flow is negative or positive, the ratio of retirees to participants and the overall funding level. One positive thing about an APWA sponsored plan would be the fact that it would be a single employer plan and it would have to be funded at a 90% or greater level. This would pretty much end most of the mental gymnastics required with multi-employer funds. [/QUOTE]
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Has IBT/CS been a wise steward of our pension?
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