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Brown Cafe UPS Forum
UPS Retirement Topics
Pension letter
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<blockquote data-quote="By The Book" data-source="post: 2049290" data-attributes="member: 53581"><p>The retirees are safer than the contributors. The fund managers will just lower the accrual rate and raise the age requirement. That way the ones retired already are not part of the equation. They did that out west to make it over 90% funded. They only lowered the accrual rate, basically promising a smaller pension to the future retirees.</p></blockquote><p></p>
[QUOTE="By The Book, post: 2049290, member: 53581"] The retirees are safer than the contributors. The fund managers will just lower the accrual rate and raise the age requirement. That way the ones retired already are not part of the equation. They did that out west to make it over 90% funded. They only lowered the accrual rate, basically promising a smaller pension to the future retirees. [/QUOTE]
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