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Brown Cafe UPS Forum
UPS Retirement Topics
How long have u worked at UPS and how many years do u have left until retirement?
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<blockquote data-quote="DELACROIX" data-source="post: 5033474" data-attributes="member: 49065"><p>They do not get the bailout money.. the PBGC gets it all... these underfunded pensions have to apply for those funds.</p><p></p><p>I believe that when improved the PBGC will start issuing checks to those individual retirees instead of the troubled pension trusts.</p><p></p><p>They are believing that these pensions could turn it around...the same pension contributions going in and invested ... and nothing coming out because the feds got it covered till 2050. </p><p></p><p>Everybody knows that there will be conditions assigned to those who are asking for the bailout.. one of them is that there will be no monetary improvements negotiated into those plans.</p><p>The feds will have the final say so in every move by these pension trustees and that might be a good thing considering their past history...</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5033474, member: 49065"] They do not get the bailout money.. the PBGC gets it all... these underfunded pensions have to apply for those funds. I believe that when improved the PBGC will start issuing checks to those individual retirees instead of the troubled pension trusts. They are believing that these pensions could turn it around...the same pension contributions going in and invested ... and nothing coming out because the feds got it covered till 2050. Everybody knows that there will be conditions assigned to those who are asking for the bailout.. one of them is that there will be no monetary improvements negotiated into those plans. The feds will have the final say so in every move by these pension trustees and that might be a good thing considering their past history... [/QUOTE]
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How long have u worked at UPS and how many years do u have left until retirement?
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