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UPS Union Issues
Can someone explain to me what exactly will happen to our healthcare..
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<blockquote data-quote="Asskicker" data-source="post: 1144860" data-attributes="member: 45097"><p>THE NEXT GREAT BAILOUT: TEAMSTERS PENSIONS? <span style="color: #000000"><span style="font-family: 'Arial'"><em>The Wall Street Journal reports</em> on what might be the next great federal bailout. The Teamsters Union Central States pension fund has been in trouble for some time—<a href="http://laborpains.org/2009/05/22/combating-the-teamsters-pension-fund-ponzi-scheme-on-cnbc/" target="_blank">UPS pulled out of the fund in 2009</a>—but now it’s advancing towards a point of no return.</span></span></p><p><span style="color: #000000"><span style="font-family: 'Arial'">It seems the Teamsters Union’s Central States pension fund is going bust fast, with companies like Republic Services pulling their employees from the fund. <a href="http://online.wsj.com/article/SB10001424127887323916304578402860488523342.html?mod=WSJ_hp_LEFTWhatsNewsCollection" target="_blank">The <em>Journal</em> notes</a>:</span></span></p><p style="margin-left: 20px"><span style="color: #000000"><span style="font-family: 'Arial'">Investment losses during the financial crisis and hard times for trucking companies that pay into the Teamsters’ Central States Funds have sapped the fund of money it uses to pay promised benefits.</span></span></p> <p style="margin-left: 20px"><span style="color: #000000"><span style="color: #000000"><span style="font-family: 'Arial'">With just 60 cents of assets for every $1 in obligations, the Teamsters pension fund is considered in “critical” status by the Pension Benefit Guaranty Corp., the federal agency that backstops failed pensions.</span></span></span></p> <p style="margin-left: 20px"><span style="color: #000000"></span></p> <p style="margin-left: 20px"><span style="color: #000000"></span></p><p>Any more sources you want me to quote, or do you get the idea. Where are you getting your info from Mr. I know more then you do? The Union? Hahahahahahahahahahahahahahahahaha</p></blockquote><p></p>
[QUOTE="Asskicker, post: 1144860, member: 45097"] THE NEXT GREAT BAILOUT: TEAMSTERS PENSIONS?[FONT=Arial][I] [/I][/FONT][COLOR=#000000][FONT=Arial][I]The Wall Street Journal reports[/I] on what might be the next great federal bailout. The Teamsters Union Central States pension fund has been in trouble for some time—[URL='http://laborpains.org/2009/05/22/combating-the-teamsters-pension-fund-ponzi-scheme-on-cnbc/']UPS pulled out of the fund in 2009[/URL]—but now it’s advancing towards a point of no return. It seems the Teamsters Union’s Central States pension fund is going bust fast, with companies like Republic Services pulling their employees from the fund. [URL='http://online.wsj.com/article/SB10001424127887323916304578402860488523342.html?mod=WSJ_hp_LEFTWhatsNewsCollection']The [I]Journal[/I] notes[/URL]:[/FONT][/COLOR] [INDENT][COLOR=#000000][FONT=Arial]Investment losses during the financial crisis and hard times for trucking companies that pay into the Teamsters’ Central States Funds have sapped the fund of money it uses to pay promised benefits.[/FONT] [COLOR=#000000][FONT=Arial]With just 60 cents of assets for every $1 in obligations, the Teamsters pension fund is considered in “critical” status by the Pension Benefit Guaranty Corp., the federal agency that backstops failed pensions.[/FONT][/COLOR] [COLOR=#000000][FONT=Arial][/FONT][/COLOR][/COLOR][/INDENT] Any more sources you want me to quote, or do you get the idea. Where are you getting your info from Mr. I know more then you do? The Union? Hahahahahahahahahahahahahahahahaha [/QUOTE]
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