Part of me wants to leave any other part does not want to
I've been on my rock for a long time and I've had some people have to give me a little inspiration to keep going
I do grow you a lot of buddy** at this places just absolutely unbelievable
Central States going broke---
- Thread starter rod
- Start date
I've been on my rock for a long time and I've had some people have to give me a little inspiration to keep going
I do grow you a lot of buddy** at this places just absolutely unbelievable
It's going to crash hard my friend
A handful of some really big players hold a big chunk of the Bitcoin and when they let go of it look out
MyTripisCut
Never bought my own handtruck
Jkloc420
Do you need an air compressor or tire gauge
quad decade guy
Well-Known Member
Ok. For how long? How low do you go?
DELACROIX
In the Spirit of Honore' Daumier
What plan are you under? I am in the Central most of the full timers are under the IBT/UPS pension. That plan is a defined pension plan which only pays for the negotiated benefit levels at the end of the year. Article 34 weekly individual monetary contributions does not apply to any defined pension plans.
The Western Conference’s pension plans for the most part are “monetary contribution plans” which is covered under the Article 34 languages. Their plan will grow according to newer participants and negotiated hourly increases. That is why their benefits are so superior to ours in the Central or Southern and will always be..
I am not in a central state's plan but the company does pay a lot of money on my behalf
Unfortunately too many companies have one out of business in my pension plan
Wally
BrownCafe Innovator & King of Puns
That depends on the balance sheet, no?
Up In Smoke
Well-Known Member
I find it funny that in 2020 the government found 200 billion dollars to subsidize oil and gas, farmers, renewable energy, exports, housing, Puerto Rico and auto, but can't insure the Central States Pension Fund.
PT Car Washer
Well-Known Member
Why should tax payers money be used to prop up a failing pension plan?
Up In Smoke
Well-Known Member
Why should tax payers prop up failing businesses. 46 billion for farmers to till over their crops?
1989
Well-Known Member
Why is a business that fails such a big deal? The participants are no longer increasing their payout and most likely not eligible for early retirement. That can postpones a pension payout by 15 years.
MAKAVELI
Well-Known Member
California's UPS pension is doing just fine. Wtf are you talking about?
Wally
BrownCafe Innovator & King of Puns
The financial shape of state pensions and potential bailouts.
quad decade guy
Well-Known Member
Lot's of other folks besides UPS.
BigUnionGuy
Got the T-Shirt
Name a few.
Up In Smoke
Well-Known Member
I see Mitch McConnell's state is the least funded and the state itself has a 30% debt to gdp ratio, far worst in the US. You would think he would try to address his voters issues.
quad decade guy
Well-Known Member
4.6 million people are in state and local pensions in California.
1 in 9.
Underfunded pensions are at a historic high due to wildly optimistic returns on investment.
I remember when our pension became dire news....our Local president blamed Enron..... always passing the buck...like some on BC(Big Union Guy types).
Greedy union types chasing those too good to be true returns so they can skim ever more.
Wally
BrownCafe Innovator & King of Puns
Just tagging on service year requirements would help.
We have some state workers collecting 3 pensions! They need a bailout?
DELACROIX
In the Spirit of Honore' Daumier
Are part timers paying into the full timers pension plan in your conference, or are they in a separate plan?
