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Brown Cafe UPS Forum
UPS Retirement Topics
Dreaded Pension Funding Level Letter
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<blockquote data-quote="TechGrrl" data-source="post: 732257" data-attributes="member: 4932"><p>Dude, YOUR UNION administers your pension fund. Except UPS paid $6 billion to buy itself out of Central States, and take care of UPS employees only. Otherwise, your pension would be in even more trouble, because the fund management at Central States sucked. Now, you get the same fund management that UPS top management pensions gets. Which is still no guarantee of anything, because the stock market is a crap shoot, rigged for the insiders at the banks. The rest of us are just along for window dressing at the tables. But at least if your boat sinks, it's got Scott Davis' pension in it, too.</p></blockquote><p></p>
[QUOTE="TechGrrl, post: 732257, member: 4932"] Dude, YOUR UNION administers your pension fund. Except UPS paid $6 billion to buy itself out of Central States, and take care of UPS employees only. Otherwise, your pension would be in even more trouble, because the fund management at Central States sucked. Now, you get the same fund management that UPS top management pensions gets. Which is still no guarantee of anything, because the stock market is a crap shoot, rigged for the insiders at the banks. The rest of us are just along for window dressing at the tables. But at least if your boat sinks, it's got Scott Davis' pension in it, too. [/QUOTE]
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