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UPS Retirement Topics
Courts pension fund decision for United Airlines
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<blockquote data-quote="wkmac" data-source="post: 53664"><p>Watch General Motors going forward. Although not directly pension in itself, it's medical costs for current and retired employees is huge. There is more medical costs for current and retired employees built in a GM car than there is the cost of the steel to build it and it's growing. Couple that with the Japanese automakers who enjoy a nationalized health system over in Japan as you could say the Japanese makes may enjoy a kind of competitive edge similar to what DHL enjoys backed by the German Post Office. In the 90's when nationalizing our health system was being batted around it was reported GM got real wide eyed about this as they looked at their bottomline and saw a huge positive direct impact on earnings if this area was taken over by the gov't and funded with tax dollars. Can't remember the specifics now but it was huge as in like overnight GM stock would be like an internet high flyer but with real earnings to drive it instead of a promised concept. That has to be tempting to any business owner or manager when they see that. State of Georgia I believe is imposing a $40 per month premium on State employees who smoke for their health insurance coverage. Watch for more of this as the costs will begin to shift towards those who pose the biggest risks. I beleive healthcare costs are what is draining funds like Central States for example and maybe even United Airlines situation although I don't know their specifics. The dynamo stock market of the 90's help offset the growing problem but now the chickens have come home to roost. The answer? </p><p>Let me know when you find it!</p></blockquote><p></p>
[QUOTE="wkmac, post: 53664"] Watch General Motors going forward. Although not directly pension in itself, it's medical costs for current and retired employees is huge. There is more medical costs for current and retired employees built in a GM car than there is the cost of the steel to build it and it's growing. Couple that with the Japanese automakers who enjoy a nationalized health system over in Japan as you could say the Japanese makes may enjoy a kind of competitive edge similar to what DHL enjoys backed by the German Post Office. In the 90's when nationalizing our health system was being batted around it was reported GM got real wide eyed about this as they looked at their bottomline and saw a huge positive direct impact on earnings if this area was taken over by the gov't and funded with tax dollars. Can't remember the specifics now but it was huge as in like overnight GM stock would be like an internet high flyer but with real earnings to drive it instead of a promised concept. That has to be tempting to any business owner or manager when they see that. State of Georgia I believe is imposing a $40 per month premium on State employees who smoke for their health insurance coverage. Watch for more of this as the costs will begin to shift towards those who pose the biggest risks. I beleive healthcare costs are what is draining funds like Central States for example and maybe even United Airlines situation although I don't know their specifics. The dynamo stock market of the 90's help offset the growing problem but now the chickens have come home to roost. The answer? Let me know when you find it! [/QUOTE]
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