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Brown Cafe UPS Forum
UPS Union Issues
Central States going broke---
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<blockquote data-quote="Up In Smoke" data-source="post: 4719633" data-attributes="member: 79702"><p>I agree, but when the fund forecast is to maintain a 3% return in order to stay solvent and fixed incomes are south of 1%, where do you go. The US has to start paying their bills and stop printing money. I was just party to a pension fund that was dissolved because of fewer workers and poor returns on investment. Each member, active and retired were given an amount based on years of service and age. The company moved to a 401k based retirement and profit sharing. The employees are still part of the union, but pension is gone.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 4719633, member: 79702"] I agree, but when the fund forecast is to maintain a 3% return in order to stay solvent and fixed incomes are south of 1%, where do you go. The US has to start paying their bills and stop printing money. I was just party to a pension fund that was dissolved because of fewer workers and poor returns on investment. Each member, active and retired were given an amount based on years of service and age. The company moved to a 401k based retirement and profit sharing. The employees are still part of the union, but pension is gone. [/QUOTE]
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