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Brown Cafe UPS Forum
UPS Union Issues
New England pension fund = CRITICAL
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<blockquote data-quote="ski or die" data-source="post: 1691961" data-attributes="member: 52818"><p>Not every plan is critical. Local 710 is a multi-employer plan and funded at 87%. We just received our letter last week. I am sure there are other locals funded above 80%. A previous post bragged about receiving $7000 per month, that with as you mentioned companies not contributing to the plans are why many are endangered. The greed of $7000 will bankrupt most plans. I am glad Local 710 were realistic in their contributions and distributions. Local 710's retirement should have a good chance of lasting my lifetime with continued good management.</p></blockquote><p></p>
[QUOTE="ski or die, post: 1691961, member: 52818"] Not every plan is critical. Local 710 is a multi-employer plan and funded at 87%. We just received our letter last week. I am sure there are other locals funded above 80%. A previous post bragged about receiving $7000 per month, that with as you mentioned companies not contributing to the plans are why many are endangered. The greed of $7000 will bankrupt most plans. I am glad Local 710 were realistic in their contributions and distributions. Local 710's retirement should have a good chance of lasting my lifetime with continued good management. [/QUOTE]
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New England pension fund = CRITICAL
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