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UPS Union Issues
Central States going broke---
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<blockquote data-quote="Up In Smoke" data-source="post: 4719606" data-attributes="member: 79702"><p>It's also important to remember that pension funds are heavily dependent on US treasuries for stable growth. When Reagan took office the ten year treasury note was around 16% annual return and when he left it was 8%. It continued to drop through the Bush, Clinton and Bush administrations, and hit 3% in 2003. The 10 year hit .6% earlier this year putting a tremendous strain on current plans. Many plans have been forced to rely more on the stock market for income. This is risky knowing the fund has made promises to future retirees.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 4719606, member: 79702"] It's also important to remember that pension funds are heavily dependent on US treasuries for stable growth. When Reagan took office the ten year treasury note was around 16% annual return and when he left it was 8%. It continued to drop through the Bush, Clinton and Bush administrations, and hit 3% in 2003. The 10 year hit .6% earlier this year putting a tremendous strain on current plans. Many plans have been forced to rely more on the stock market for income. This is risky knowing the fund has made promises to future retirees. [/QUOTE]
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