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UPS/IBT pension funding
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<blockquote data-quote="35years" data-source="post: 4539051" data-attributes="member: 60822"><p>The new annual statement has been published. Sent out April 2020</p><p></p><p>The fund continues to slide, and the slide is accelerating.</p><p></p><p><strong>Using the old standard accounting methods</strong>...</p><p>-As of the last published report (December 31, 2019)<strong> the UPS/IBT fund had a Funding Shortfall of</strong> $4,029,746,522</p><p></p><p></p><p><strong>Using the old tried and true accounting method:</strong></p><p><strong></strong></p><p><strong>- Now (end of 2019) funded at 64%</strong> down from 82% in 2018.</p><p></p><p>-The shortfall of <strong>$4 Billion</strong> is now more than twice what it was when UPS had to pump in excess profits to get it fully funded again...</p><p></p><p>Realize that this 4 Billion dollar shortfall was calculated on Dec 31 2019 when the market was neer record highs.</p><p></p><p> We are down about 12-15 % since then, so the 4 billion shortfall is likely closer to 5 billion today.</p></blockquote><p></p>
[QUOTE="35years, post: 4539051, member: 60822"] The new annual statement has been published. Sent out April 2020 The fund continues to slide, and the slide is accelerating. [B]Using the old standard accounting methods[/B]... -As of the last published report (December 31, 2019)[B] the UPS/IBT fund had a Funding Shortfall of[/B] $4,029,746,522 [B]Using the old tried and true accounting method: - Now (end of 2019) funded at 64%[/B] down from 82% in 2018. -The shortfall of [B]$4 Billion[/B] is now more than twice what it was when UPS had to pump in excess profits to get it fully funded again... Realize that this 4 Billion dollar shortfall was calculated on Dec 31 2019 when the market was neer record highs. We are down about 12-15 % since then, so the 4 billion shortfall is likely closer to 5 billion today. [/QUOTE]
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