Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
The State of the "Union"
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="104Feeder" data-source="post: 1096349" data-attributes="member: 42554"><p>The Central States had issues as soon as the mafia got their ugly hands on it. That fatally crippled the plan and no amount of savvy investing was going to save it. I can't reiterate enough that <strong>THE WESTERN CONFERENCE OF TEAMSTERS PENSION FUND IS IN NO WAY RELATED TO THE CENTRAL STATES PENSION FUND NOR IS IT IN ANY SORT OF PERIL WHATSOEVER.</strong> Point all you want to the CSPF as an example of the worst that can happen because it did. All sorts of protections are now in place to prevent that from re-occuring not the least of which is the near decimation of the mob by law enforcement. </p><p></p><p>Feel free to invest whatever you like of your income, whether it be in a 401k or any sort of exotic method you choose, but the vast majority of Americans (who are sadly inadequately saving for retirement) would benefit greatly from a defined benefit aka pension through their employer. The fact that you cite gold as a key investment of your retirement says to me that you have learned nothing from the recent financial crisis.</p></blockquote><p></p>
[QUOTE="104Feeder, post: 1096349, member: 42554"] The Central States had issues as soon as the mafia got their ugly hands on it. That fatally crippled the plan and no amount of savvy investing was going to save it. I can't reiterate enough that [B]THE WESTERN CONFERENCE OF TEAMSTERS PENSION FUND IS IN NO WAY RELATED TO THE CENTRAL STATES PENSION FUND NOR IS IT IN ANY SORT OF PERIL WHATSOEVER.[/B] Point all you want to the CSPF as an example of the worst that can happen because it did. All sorts of protections are now in place to prevent that from re-occuring not the least of which is the near decimation of the mob by law enforcement. Feel free to invest whatever you like of your income, whether it be in a 401k or any sort of exotic method you choose, but the vast majority of Americans (who are sadly inadequately saving for retirement) would benefit greatly from a defined benefit aka pension through their employer. The fact that you cite gold as a key investment of your retirement says to me that you have learned nothing from the recent financial crisis. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
The State of the "Union"
Top