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Central States
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<blockquote data-quote="raceanoncr" data-source="post: 972888" data-attributes="member: 6408"><p>I, and many others here, did just that. Asked Central States what happened to that money. The answers we get/got are always the same: Bad economy. The investments weren't going the way they wanted. More retirees showing up. Life expectancy going up. Fewer employers contributing. On and on and on and on.</p><p></p><p>Me? I was happy to see UPS come along and throw the 6 bil in the pot. Unfortunately, am turning 65 soon and entire pension is coming from Central. </p><p></p><p>Yes, it does make me angry when I see these, supposed, managers of our money, mishandling it. Why is it that I, as an individual, after getting out of the debt that my ex threw me in, paying off everything I own, paying her an ungodly amount of alimony $, own a house I never would have dreamed of before w/more garage space than living space, Corvettes, hot rods, Harleys, no help from anyone except my new wife of 10 years, decent 401, Roth IRAs, am now retired with, what could be, a comfortable pension and they claim they can't make it? Oh, sure, the scale is bigger but are the principles the same? To me, YES!</p><p></p><p>Why is it that corps like JPMorgan say they, "Made a few mistakes" but when I make a mistake I get my house/car/life taken away? </p><p></p><p>The solution? Well, in my short-sighted goggles, fire em all and put em in jail! Gonna happen? No. It would to me, tho.</p></blockquote><p></p>
[QUOTE="raceanoncr, post: 972888, member: 6408"] I, and many others here, did just that. Asked Central States what happened to that money. The answers we get/got are always the same: Bad economy. The investments weren't going the way they wanted. More retirees showing up. Life expectancy going up. Fewer employers contributing. On and on and on and on. Me? I was happy to see UPS come along and throw the 6 bil in the pot. Unfortunately, am turning 65 soon and entire pension is coming from Central. Yes, it does make me angry when I see these, supposed, managers of our money, mishandling it. Why is it that I, as an individual, after getting out of the debt that my ex threw me in, paying off everything I own, paying her an ungodly amount of alimony $, own a house I never would have dreamed of before w/more garage space than living space, Corvettes, hot rods, Harleys, no help from anyone except my new wife of 10 years, decent 401, Roth IRAs, am now retired with, what could be, a comfortable pension and they claim they can't make it? Oh, sure, the scale is bigger but are the principles the same? To me, YES! Why is it that corps like JPMorgan say they, "Made a few mistakes" but when I make a mistake I get my house/car/life taken away? The solution? Well, in my short-sighted goggles, fire em all and put em in jail! Gonna happen? No. It would to me, tho. [/QUOTE]
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