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Brown Cafe UPS Forum
UPS Retirement Topics
Is Central States pension fund ready to go under?
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<blockquote data-quote="wildgoose" data-source="post: 192933" data-attributes="member: 5428"><p>Contract will not change until APWA has time to negotiate a new contract when current contract has expired. Company would save on pension and insurance benefits due to teamsters taking care of other companies that have bellied up. Teamster could have restructered those people but didn`t and now we have an underfunded account thru Central States. Western Fund is doing fine ? So maybe impropriorties in investing and allocating the $`s for Central States have caused this ruckus for change ?</p></blockquote><p></p>
[QUOTE="wildgoose, post: 192933, member: 5428"] Contract will not change until APWA has time to negotiate a new contract when current contract has expired. Company would save on pension and insurance benefits due to teamsters taking care of other companies that have bellied up. Teamster could have restructered those people but didn`t and now we have an underfunded account thru Central States. Western Fund is doing fine ? So maybe impropriorties in investing and allocating the $`s for Central States have caused this ruckus for change ? [/QUOTE]
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Is Central States pension fund ready to go under?
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