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optimistic about negotiations
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<blockquote data-quote="athena" data-source="post: 222337" data-attributes="member: 9953"><p>I assume you are speaking of the coding for level of funding, if not, I apologize. If so, than here is some information from the US Chamber of Commerce.</p><p> </p><p>The Act [Pension Protection Act of 2006] </SPAN>creates new provisions for underfunded multiemployer plans and separates them into two broad categories: (1) plans between 65 percent and 80 percent funded are endangered "yellow zone" plans in immediate financial danger; and (2) plans that are less than 65 percent funded are critical "red zone" plans in need of reorganization. </p><p> </p><p>Here is the link for more information</p><p><a href="http://www.uschamber.com/issues/index/retirementpension/multiemployerplans.htm" target="_blank">http://www.uschamber.com/issues/index/retirementpension/multiemployerplans.htm</a></p><p> </p><p>From what I understand, CS is no where near being 80% funded. At the end of 2005, it was something on the order of 50% funded and more recent estimates (these are the most favorable estimates I have seen) put it at 63% (makeupsdeliver estimate which I think might be skewed to make CS look better) Just my opinion.</p></blockquote><p></p>
[QUOTE="athena, post: 222337, member: 9953"] I assume you are speaking of the coding for level of funding, if not, I apologize. If so, than here is some information from the US Chamber of Commerce. The Act [Pension Protection Act of 2006] </SPAN>creates new provisions for underfunded multiemployer plans and separates them into two broad categories: (1) plans between 65 percent and 80 percent funded are endangered "yellow zone" plans in immediate financial danger; and (2) plans that are less than 65 percent funded are critical "red zone" plans in need of reorganization. Here is the link for more information [URL]http://www.uschamber.com/issues/index/retirementpension/multiemployerplans.htm[/URL] From what I understand, CS is no where near being 80% funded. At the end of 2005, it was something on the order of 50% funded and more recent estimates (these are the most favorable estimates I have seen) put it at 63% (makeupsdeliver estimate which I think might be skewed to make CS look better) Just my opinion. [/QUOTE]
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