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Brown Cafe UPS Forum
UPS Retirement Topics
Western Pa Pension cuts
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<blockquote data-quote="gumbybros" data-source="post: 448554" data-attributes="member: 796"><p>A retired employee told me he was told that in March 2009 the Western Pa pension fund has become so underfunded that it is going to mandate huge cuts in pensions for all future retirees. For example a 30 year driver that would have earned $3800 a month would be cut to $2000. Anybody out there from this area that knows anything about this? Sounds really drastic, but the stock market has been sucking wind.</p></blockquote><p></p>
[QUOTE="gumbybros, post: 448554, member: 796"] A retired employee told me he was told that in March 2009 the Western Pa pension fund has become so underfunded that it is going to mandate huge cuts in pensions for all future retirees. For example a 30 year driver that would have earned $3800 a month would be cut to $2000. Anybody out there from this area that knows anything about this? Sounds really drastic, but the stock market has been sucking wind. [/QUOTE]
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