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Brown Cafe UPS Forum
UPS Union Issues
Another example of Central States mismanagement
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<blockquote data-quote="tieguy" data-source="post: 231775" data-attributes="member: 1912"><p>The other point Jon. You keep giving me the oh well they lost it excuse for CS being in financial trouble. You then give me the hopefully they will rebuild it through their investments approach. That answer sounds to much like gambling to me. The pension admins are responsible for investing the money wisely and with great prudence. They are responsible for building a portfolio that guards against sudden fluctuations in the market. They have some explaining to do. You keep selling an argument here that the plan is rebounding and that (read between the lines) it ain't all that bad. The potential retirees here need some concrete committments before they should ever be expected to trust CS. You keep trying to give them that the plan ain't as bad as it seems defense. Thats not a strong enough committment.</p></blockquote><p></p>
[QUOTE="tieguy, post: 231775, member: 1912"] The other point Jon. You keep giving me the oh well they lost it excuse for CS being in financial trouble. You then give me the hopefully they will rebuild it through their investments approach. That answer sounds to much like gambling to me. The pension admins are responsible for investing the money wisely and with great prudence. They are responsible for building a portfolio that guards against sudden fluctuations in the market. They have some explaining to do. You keep selling an argument here that the plan is rebounding and that (read between the lines) it ain't all that bad. The potential retirees here need some concrete committments before they should ever be expected to trust CS. You keep trying to give them that the plan ain't as bad as it seems defense. Thats not a strong enough committment. [/QUOTE]
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Another example of Central States mismanagement
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