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UPS Union Issues
Central States going broke---
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<blockquote data-quote="Up In Smoke" data-source="post: 4719318" data-attributes="member: 79702"><p>The Central States Funds full name was Central States, Southeast and Southwest Areas Pension Fund. This fund covered the majority of the US and had millions of members and hundreds of large employers. The members are still around but the companies are not. Outflows exceeded inflows under the governments watch and the fund became insolvent around 2003. With UPS leaving the fund in 2007 the fund was forced to reduce all current and future benefits. The Central States is attempting to rebuild itself but needs government protection to underpin its' balance sheet.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 4719318, member: 79702"] The Central States Funds full name was Central States, Southeast and Southwest Areas Pension Fund. This fund covered the majority of the US and had millions of members and hundreds of large employers. The members are still around but the companies are not. Outflows exceeded inflows under the governments watch and the fund became insolvent around 2003. With UPS leaving the fund in 2007 the fund was forced to reduce all current and future benefits. The Central States is attempting to rebuild itself but needs government protection to underpin its' balance sheet. [/QUOTE]
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