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 Discussions
Your Pension Thoughts
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="JonFrum" data-source="post: 816696" data-attributes="member: 18044"><p>Multi-employer pension funds are intended to be operated forever.</p><p> </p><p>If every Contributing Employer withdrew at the same time, (called a "mass withdrawal"), the fund would continue paying out monthly pension checks for as long as its asset pool lasts.</p><p> </p><p>In Central States' case, for example, that would be until their existing $19.8 billion is gone. Of course, many of those withdrawing employers would owe Withdrawal Liability Payments to the fund so (assuming they paid them) that would add billions more to the pile. When all the money is gone, the PBGC would step in (if it is itself still solvent) and retirees would continue receiving monthly checks, but at a much reduced amount.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 816696, member: 18044"] Multi-employer pension funds are intended to be operated forever. If every Contributing Employer withdrew at the same time, (called a "mass withdrawal"), the fund would continue paying out monthly pension checks for as long as its asset pool lasts. In Central States' case, for example, that would be until their existing $19.8 billion is gone. Of course, many of those withdrawing employers would owe Withdrawal Liability Payments to the fund so (assuming they paid them) that would add billions more to the pile. When all the money is gone, the PBGC would step in (if it is itself still solvent) and retirees would continue receiving monthly checks, but at a much reduced amount. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Your Pension Thoughts
Top