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Brown Cafe UPS Forum
UPS Union Issues
Teamsters Applaud Treasury Decision to Deny CSPF Cuts, Protect Retiree Pensions
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<blockquote data-quote="grspancho" data-source="post: 2178324" data-attributes="member: 13049"><p>I think the treasury department decision just kicked the can down the road and didn't solve any problems. It will probably run out of money sooner and future retirees will have nothing. This pension problem started in early 80's. Deregulation killed teamster jobs and pensions money management team didn't make adjustments - instead ran it like a Ponzi scheme. I think we have a big mess -bad for people who are retired and future retirees.</p></blockquote><p></p>
[QUOTE="grspancho, post: 2178324, member: 13049"] I think the treasury department decision just kicked the can down the road and didn't solve any problems. It will probably run out of money sooner and future retirees will have nothing. This pension problem started in early 80's. Deregulation killed teamster jobs and pensions money management team didn't make adjustments - instead ran it like a Ponzi scheme. I think we have a big mess -bad for people who are retired and future retirees. [/QUOTE]
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Teamsters Applaud Treasury Decision to Deny CSPF Cuts, Protect Retiree Pensions
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