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Brown Cafe UPS Forum
UPS Retirement Topics
Seriously Underfunded Teamster Pension Funds
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<blockquote data-quote="705red" data-source="post: 392295" data-attributes="member: 5229"><p>Well the economy is sure not helping anyone out right now. The ups and more like downs of the market are really hurting everyone, my own 401k statement i have lost more money in the last 19 months that i have put into it.</p><p> </p><p>I believe the cs plan invested alot of ups's buyout into the s&p 500 and this is one that has lost me the most and i didnt have billions in it so i can onle imagine how this could effect pension plans.</p><p> </p><p>Well lets keep our fingers crossed that the economy wakes up and starts heading in the upwards direction real soon.</p></blockquote><p></p>
[QUOTE="705red, post: 392295, member: 5229"] Well the economy is sure not helping anyone out right now. The ups and more like downs of the market are really hurting everyone, my own 401k statement i have lost more money in the last 19 months that i have put into it. I believe the cs plan invested alot of ups's buyout into the s&p 500 and this is one that has lost me the most and i didnt have billions in it so i can onle imagine how this could effect pension plans. Well lets keep our fingers crossed that the economy wakes up and starts heading in the upwards direction real soon. [/QUOTE]
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