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<blockquote data-quote="JonFrum" data-source="post: 210294"><p>Tieguy,</p><p>I'm just telling you what The Law says. </p><p></p><p>UPS proposes to withdraw from Central States. It's a UPS initiative. ERISA says UPS must therefore pay its Withdrawal Liability. Plain and simple. UPS seems to understand this since they included a $4 billion payment in their negotiating proposal.</p><p></p><p>Current UPSers can't totally withdraw from Central States under either the APWA proposal or the UPS proposal. All the money contributed on their behalf, and all their vested pension credits stay in the fund. They are members for life. Only UPS can withdraw by stopping its monthly contributions, and thus stopping any additional pension credit accruals from that point on. </p><p></p><p>I have no way of predicting the future investment results of Central States or any other fund. I generally assume almost all funds loose money in a down market, and make money in a bull market. Central States is making money currently, after taking losses in 2000-2002. There is also a bit of luck involved as well, so some funds will do better or worse than others in the same investment climate.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 210294"] Tieguy, I'm just telling you what The Law says. UPS proposes to withdraw from Central States. It's a UPS initiative. ERISA says UPS must therefore pay its Withdrawal Liability. Plain and simple. UPS seems to understand this since they included a $4 billion payment in their negotiating proposal. Current UPSers can't totally withdraw from Central States under either the APWA proposal or the UPS proposal. All the money contributed on their behalf, and all their vested pension credits stay in the fund. They are members for life. Only UPS can withdraw by stopping its monthly contributions, and thus stopping any additional pension credit accruals from that point on. I have no way of predicting the future investment results of Central States or any other fund. I generally assume almost all funds loose money in a down market, and make money in a bull market. Central States is making money currently, after taking losses in 2000-2002. There is also a bit of luck involved as well, so some funds will do better or worse than others in the same investment climate. [/QUOTE]
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