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UPS subsidizing non ups pensions
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<blockquote data-quote="JonFrum" data-source="post: 149237"><p>Nospinzone,</p><p>Accurate, up-to-date info is hard to come by, especially regarding pensions. The annual Form 5500 that every fund must file is available on FreeErisa but the info is one to two years old. The 2005 reports should be online soon. [5500 reports are also available on Health & Welfare plans, Annuity plans, Legal Services plans, 401(k) plans, Credit Unions, Vacation, Scholarship, Long Term Disability etc.]</p><p>Welcome to freeErisa.com!</p><p>Teamsters for a Democratic Union (TDU) Teamsters for a Democratic Union is a great source of info, especially their UPS page and Pension page, but do not read this particular article . . .</p><p>WCT Pension Fund: Is "Full Funding" the Answer?</p><p>as it advocates deliberately running a pension plan in an underfunded state, which just makes the fund all the more vunerable to life's inevitable adversities like the 2000-2002 market downturn.</p><p>Moody's rates the major Teamsters pension plans on pages 14-15 of this report (using 2004 data) . . .</p><p><a href="http://www.ifebp.org/pdf/moodysmethodology.pdf" target="_blank">http://www.ifebp.org/pdf/moodysmethodology.pdf</a></p><p>The almost bankrupt Pension Benefit Guarantee Corporation (PBGC) has lots of info on pension funds . . .</p><p>Pension Benefit Guaranty Corporation (PBGC)</p><p>Three pension reform efforts are online . . .</p><p>The Central States Pension Improvement Committee (CSPIC)</p><p>Central States Pension Improvement Committee</p><p>The Western Conference of Teamsters Pension Improvement Committee (WESTPIC)</p><p>WestPIC-The Western Teamsters Pension Improvement Committee</p><p>and the Central Pensylvania Teamster Reform Committee (CPTRC)</p><p>Central PA Teamsters Pension Reform Committee</p><p>The various pension fund websites themselves are good sources of info, if you read between the lines. Remember, they (the Trustees and Plan Administrators) are presenting facts, then spinning them to deflect blame away from themselves.</p><p>New England Teamsters & Trucking Industry Pension Fund</p><p>The Western Conference of Teamsters Pension Trust</p><p>NYS Teamsters Benefit Funds</p><p>Central States Funds | Home</p><p>Teamsters Health & Welfare and Pension Trust Funds</p><p>Central Pa Teamsters</p><p>Western Pennsylvania Teamsters & Employers Pension Fund</p><p></p><p>You should also write to the fund you are in to obtain a fuller version of their Form 5500 than is available on FreeErisaDotCom. Search engines turn up useful info as well.</p><p>Ideally, monthly financial reports should be posted online by the funds, along with audit reports, board minutes, actuarial reports, investment results, etc. After all, it is our money. But instead we are treated like good little mushrooms and kept in the dark.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 149237"] Nospinzone, Accurate, up-to-date info is hard to come by, especially regarding pensions. The annual Form 5500 that every fund must file is available on FreeErisa but the info is one to two years old. The 2005 reports should be online soon. [5500 reports are also available on Health & Welfare plans, Annuity plans, Legal Services plans, 401(k) plans, Credit Unions, Vacation, Scholarship, Long Term Disability etc.] Welcome to freeErisa.com! Teamsters for a Democratic Union (TDU) Teamsters for a Democratic Union is a great source of info, especially their UPS page and Pension page, but do not read this particular article . . . WCT Pension Fund: Is "Full Funding" the Answer? as it advocates deliberately running a pension plan in an underfunded state, which just makes the fund all the more vunerable to life's inevitable adversities like the 2000-2002 market downturn. Moody's rates the major Teamsters pension plans on pages 14-15 of this report (using 2004 data) . . . [url]http://www.ifebp.org/pdf/moodysmethodology.pdf[/url] The almost bankrupt Pension Benefit Guarantee Corporation (PBGC) has lots of info on pension funds . . . Pension Benefit Guaranty Corporation (PBGC) Three pension reform efforts are online . . . The Central States Pension Improvement Committee (CSPIC) Central States Pension Improvement Committee The Western Conference of Teamsters Pension Improvement Committee (WESTPIC) WestPIC-The Western Teamsters Pension Improvement Committee and the Central Pensylvania Teamster Reform Committee (CPTRC) Central PA Teamsters Pension Reform Committee The various pension fund websites themselves are good sources of info, if you read between the lines. Remember, they (the Trustees and Plan Administrators) are presenting facts, then spinning them to deflect blame away from themselves. New England Teamsters & Trucking Industry Pension Fund The Western Conference of Teamsters Pension Trust NYS Teamsters Benefit Funds Central States Funds | Home Teamsters Health & Welfare and Pension Trust Funds Central Pa Teamsters Western Pennsylvania Teamsters & Employers Pension Fund You should also write to the fund you are in to obtain a fuller version of their Form 5500 than is available on FreeErisaDotCom. Search engines turn up useful info as well. Ideally, monthly financial reports should be posted online by the funds, along with audit reports, board minutes, actuarial reports, investment results, etc. After all, it is our money. But instead we are treated like good little mushrooms and kept in the dark. [/QUOTE]
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