Pension cuts barreling down the road?

[UpstateNYUPSer(Ret)]

put our union leaders in the pension plan and it would be fixed tomorrow

I may be wrong but I am pretty sure our local union officials are in our pension plan.

 

[rod]

I got my second official as mandated by the government "warning you are about to get friend'ed" notice today.

 

[oldngray]

I got my second official as mandated by the government "warning you are about to get friend'ed" notice today.

They could have at least included a small tube of lube with the letter.

 

[rod]

They could have at least included a small tube of lube with the letter.

A large one would be more like it

 

[PT Car Washer]

I may be wrong but I am pretty sure our local union officials are in our pension plan.

Our local Union officials are in Central States plan and are getting their pensions cut.

 

[By The Book]

My pension is 91% funded and 40% in stocks. So if the market crashed, I could lose nearly 50% of my pension.
I sold nearly every stock. Do I need to short in order hedge this risk.

The only way you could lose nearly 50% of your pension is if the 40% stocks went to zero.

 

[oldngray]

The only way you could lose nearly 50% of your pension is if the 40% stocks went to zero.

Already happening for Central States people who retired before 2009.

 

[By The Book]

Already happening for Central States people who retired before 2009.

I was referring to his investments, which make up 40percent, and if the market was to crash. I wasn't talking about all that went on with the central states. My reply was to his whole post not just what you replied to.