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UPS Retirement Topics
Hoffa: Time to protect pensions
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<blockquote data-quote="brownIEman" data-source="post: 3252600" data-attributes="member: 14596"><p>Wow.</p><p>Just wow.</p><p>So the big genius plan to keep paying the full pension benefits is to take out loans to fill the gap. Borrowing money by institutions that have way more liability than income for as far into the horizon as any reasonable analysis can see. That's awesome. </p><p></p><p>Retirees who support this, I get the tough position you're in and feel for you and if you're in favor of this plan to save yourselves I don't judge. All I ask is that you be honest about it - go visit your kids or grandkids and punch them in the throat, cause that's what this plan does.</p></blockquote><p></p>
[QUOTE="brownIEman, post: 3252600, member: 14596"] Wow. Just wow. So the big genius plan to keep paying the full pension benefits is to take out loans to fill the gap. Borrowing money by institutions that have way more liability than income for as far into the horizon as any reasonable analysis can see. That's awesome. Retirees who support this, I get the tough position you're in and feel for you and if you're in favor of this plan to save yourselves I don't judge. All I ask is that you be honest about it - go visit your kids or grandkids and punch them in the throat, cause that's what this plan does. [/QUOTE]
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Hoffa: Time to protect pensions
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