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Brown Cafe UPS Forum
UPS Union Issues
Central States going broke---
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<blockquote data-quote="quad decade guy" data-source="post: 4776455" data-attributes="member: 77939"><p>4.6 million people are in state and local pensions in California.</p><p></p><p>1 in 9.</p><p></p><p>Underfunded pensions are at a historic high due to wildly optimistic returns on investment.</p><p></p><p>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).</p><p></p><p>Greedy union types chasing those too good to be true returns so they can skim ever more.</p></blockquote><p></p>
[QUOTE="quad decade guy, post: 4776455, member: 77939"] 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. [/QUOTE]
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