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UPS Union Issues
Another example of Central States mismanagement
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<blockquote data-quote="badpas" data-source="post: 216018" data-attributes="member: 8876"><p><strong>Re: Central States: 63% Funded, And Rising; Not 47% And Falling Toward Zero</strong></p><p></p><p></p><p> </p><p>Again jon, thanks for all that info but as everyone seems to agree on except you is that the cs pension fund{super tanker} you speak of may turn around like you say but nobody knows how long that will take correct. And its really doesn't matter because when it comes down to it the money, if put into a 401k from now on would probably triple the amount that we would ALL get in a very short time. Basically it comes down to how long you want to wait and I for one don't have 10 years or more to try and recoup. So saying this fund is still savable is only as to how long you want to wait by continuing your hard earned money into it when most don't think its worth saving. Now that may seem alittle harsh when refering to someones retirement but there comes a point in time where you can only take so much, unless another avenue would surface and even if its not the best one you would be willing to give a chance even if were to be on the short term. And after hearing all tales about this and that, and we all know who I'm talking about, people will start to taking a stand. So again thanks for all the info as usuall but really the pension is just the tip of the iceberg. For me, that is only a part of the things I would like to see changed. We may not all like the IBT and some may not trust the APWA but we have to remember that this is our money, OUR FUTURES and nobody will fix this unless we ALL come together, even if this means we leave cs.</p></blockquote><p></p>
[QUOTE="badpas, post: 216018, member: 8876"] [b]Re: Central States: 63% Funded, And Rising; Not 47% And Falling Toward Zero[/b] Again jon, thanks for all that info but as everyone seems to agree on except you is that the cs pension fund{super tanker} you speak of may turn around like you say but nobody knows how long that will take correct. And its really doesn't matter because when it comes down to it the money, if put into a 401k from now on would probably triple the amount that we would ALL get in a very short time. Basically it comes down to how long you want to wait and I for one don't have 10 years or more to try and recoup. So saying this fund is still savable is only as to how long you want to wait by continuing your hard earned money into it when most don't think its worth saving. Now that may seem alittle harsh when refering to someones retirement but there comes a point in time where you can only take so much, unless another avenue would surface and even if its not the best one you would be willing to give a chance even if were to be on the short term. And after hearing all tales about this and that, and we all know who I'm talking about, people will start to taking a stand. So again thanks for all the info as usuall but really the pension is just the tip of the iceberg. For me, that is only a part of the things I would like to see changed. We may not all like the IBT and some may not trust the APWA but we have to remember that this is our money, OUR FUTURES and nobody will fix this unless we ALL come together, even if this means we leave cs. [/QUOTE]
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Another example of Central States mismanagement
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