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Brown Cafe UPS Forum
UPS Union Issues
New England pension fund = CRITICAL
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<blockquote data-quote="Inthegame" data-source="post: 1691857" data-attributes="member: 37112"><p>Yep, and the numbers prove it.</p><p></p><p>Not as bad as you think. Granted plans like CS are (and will) continue to struggle but Lead Belly is right on the mark (again).</p><p>In 2012, 240 plans were considered in "critical" status (less than 65% funded) and 163 were endangered (less than 80% funded). In 2015 85 in critical, 41 endangered.</p><p>The DOL sends notices out for the prior years status so the 2012 notice refers to the 2011 plan year <strong>hence</strong> the 2015 notices already out for 2014 plan years.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 1691857, member: 37112"] Yep, and the numbers prove it. Not as bad as you think. Granted plans like CS are (and will) continue to struggle but Lead Belly is right on the mark (again). In 2012, 240 plans were considered in "critical" status (less than 65% funded) and 163 were endangered (less than 80% funded). In 2015 85 in critical, 41 endangered. The DOL sends notices out for the prior years status so the 2012 notice refers to the 2011 plan year [B]hence[/B] the 2015 notices already out for 2014 plan years. [/QUOTE]
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