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Brown Cafe UPS Forum
UPS Union Issues
Central States penson fund is ready to go under.
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<blockquote data-quote="Bill" data-source="post: 189114" data-attributes="member: 5483"><p>If you are in Central States, the rules have changed. Of course you can retire anytime you like, but there are stiff penalties to be paid if you do. The 30 and out pension plan has been eliminated. why don't you check the web at <a href="http://www.centralstates.org" target="_blank">www.centralstates.org</a> punch in your personal data and see what they are promising you. If you read on further, you will see that it is NOT GUARANTEED. By forcing us to work until the age of 62 or 65, they are only delaying the inevitable. The pension fund is in a critical status, that it is beyond correction. When everyone starts retiring 10 years later, the fund (assuming it is still operational), will be overburdened with additional liabilities, and that is why it is not guaranteed.</p></blockquote><p></p>
[QUOTE="Bill, post: 189114, member: 5483"] If you are in Central States, the rules have changed. Of course you can retire anytime you like, but there are stiff penalties to be paid if you do. The 30 and out pension plan has been eliminated. why don't you check the web at [URL="http://www.centralstates.org"]www.centralstates.org[/URL] punch in your personal data and see what they are promising you. If you read on further, you will see that it is NOT GUARANTEED. By forcing us to work until the age of 62 or 65, they are only delaying the inevitable. The pension fund is in a critical status, that it is beyond correction. When everyone starts retiring 10 years later, the fund (assuming it is still operational), will be overburdened with additional liabilities, and that is why it is not guaranteed. [/QUOTE]
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Central States penson fund is ready to go under.
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