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<blockquote data-quote="brett636" data-source="post: 83977" data-attributes="member: 249"><p>The money paid into the pension plan for Wiley while he was working was used to pay the retirees at that time. Just as the money paid into the part-time pension plan for me is being used to pay current retirees. If I were to retire with this company my pension money would come from the employees working during that time. The money is not held for you until retirement as there wouldn't be enough money then to pay those who are currently retired. If UPS were to quit paying into some of these plans it could cause the plans to go bankrupt and leave current retirees without that monthly pension. Looks like our little APWA friends don't give a rats ass about UPS retirees like Wiley, and would screw them anyway. <img src="/community/styles/default/xenforo/smilies/group1/closedeyes.gif" class="smilie" loading="lazy" alt=":closedeye" title="Closedeyes :closedeye" data-shortname=":closedeye" /></p></blockquote><p></p>
[QUOTE="brett636, post: 83977, member: 249"] The money paid into the pension plan for Wiley while he was working was used to pay the retirees at that time. Just as the money paid into the part-time pension plan for me is being used to pay current retirees. If I were to retire with this company my pension money would come from the employees working during that time. The money is not held for you until retirement as there wouldn't be enough money then to pay those who are currently retired. If UPS were to quit paying into some of these plans it could cause the plans to go bankrupt and leave current retirees without that monthly pension. Looks like our little APWA friends don't give a rats ass about UPS retirees like Wiley, and would screw them anyway. :closedeye [/QUOTE]
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