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UPS Retirement Topics
Is Central States pension fund ready to go under?
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<blockquote data-quote="satellitedriver" data-source="post: 179787" data-attributes="member: 1664"><p>The APWA has proposed an option that applies all money contributed by UPS to go only to UPSERS. A pension plan can work. I will have to get back to you on my theory of contributions per employee and the annuity paid. </p><p>Simply put, money given over time per employee should have no negative effect on payout to said moneys invested over time, no matter what the contributions are in the future for new employees. </p><p>The dinosaur that is eating the workability of the teamster pension plan is the multi-pension employer concept.</p><p>Robbing Peter to pay Paul sums up the teamster pension logic.</p><p>You are putting forth a better idea and I agree with it, but it is one that will never be embraced by the teamsters.</p></blockquote><p></p>
[QUOTE="satellitedriver, post: 179787, member: 1664"] The APWA has proposed an option that applies all money contributed by UPS to go only to UPSERS. A pension plan can work. I will have to get back to you on my theory of contributions per employee and the annuity paid. Simply put, money given over time per employee should have no negative effect on payout to said moneys invested over time, no matter what the contributions are in the future for new employees. The dinosaur that is eating the workability of the teamster pension plan is the multi-pension employer concept. Robbing Peter to pay Paul sums up the teamster pension logic. You are putting forth a better idea and I agree with it, but it is one that will never be embraced by the teamsters. [/QUOTE]
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Is Central States pension fund ready to go under?
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