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UPS Union Issues
Attn. 705 Red What's the scoop on 705's Pension Trouble?
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<blockquote data-quote="slantnosechevy" data-source="post: 974360" data-attributes="member: 21514"><p>Word from someone in Joint Council 25 is Local 705's Pension is rated "critical". According to him the plan lost over 1 billion due to bad investing. It's total worth is now less than 1 billion. Supposedly they invested heavily in real estate looking for more bang for their buck. What a cluster of idiots for trustees. They're going to have to call in the National Guard because chaos is right around the corner.</p><p></p><p>What a complete reversal to Local 710 who's pension is worth 2 billion and in the green. Pat Flynn should be president of the International.</p></blockquote><p></p>
[QUOTE="slantnosechevy, post: 974360, member: 21514"] Word from someone in Joint Council 25 is Local 705's Pension is rated "critical". According to him the plan lost over 1 billion due to bad investing. It's total worth is now less than 1 billion. Supposedly they invested heavily in real estate looking for more bang for their buck. What a cluster of idiots for trustees. They're going to have to call in the National Guard because chaos is right around the corner. What a complete reversal to Local 710 who's pension is worth 2 billion and in the green. Pat Flynn should be president of the International. [/QUOTE]
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Attn. 705 Red What's the scoop on 705's Pension Trouble?
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