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UPS Union Issues
Central States going broke---
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<blockquote data-quote="DELACROIX" data-source="post: 4779167" data-attributes="member: 49065"><p>She is an actuary...not a journalist...it is hard to understand. I scanned the article and what stuck out for me is that figure of 82 Billion, most of it being payed in 2022. I do not know just how much of that will be going into the Central Trust Plan, which has the biggest liability?</p><p></p><p>Will that allotment be designated for the PBGC (governmental pension insurers) which is in dire straits also. Really the writing is on the wall with this pension crisis, it comes down to corporations eliminating or bailing out of their pension liabilities. Expect major changes with pension reforms and reducing current pensioners benefits similar to what they tried to do several years ago in the Central and Southern. </p><p></p><p>401k’s either matched or not will be the new normal now..</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 4779167, member: 49065"] She is an actuary...not a journalist...it is hard to understand. I scanned the article and what stuck out for me is that figure of 82 Billion, most of it being payed in 2022. I do not know just how much of that will be going into the Central Trust Plan, which has the biggest liability? Will that allotment be designated for the PBGC (governmental pension insurers) which is in dire straits also. Really the writing is on the wall with this pension crisis, it comes down to corporations eliminating or bailing out of their pension liabilities. Expect major changes with pension reforms and reducing current pensioners benefits similar to what they tried to do several years ago in the Central and Southern. 401k’s either matched or not will be the new normal now.. [/QUOTE]
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