I A M penison out of money

P

pickup

Guest
Apparently , the cut in the I AM pension has rationed the number of characters the OP can use in a post and they all must be capitalized.
 

barnyard

KTM rider
This right here is why guaranteed benefit pensions need to die. Put my pension money into MY account and leave it. In another 30 years, probably less, the UPS pension will be in the same boat.
 

barnyard

KTM rider
Because the funds get misused?

That is one reason. Another is that the math never works. At some point there will be more people drawing from it than contributing to it and the slow death begins. UPS will cry to the courts that it cannot afford to prop up a pension anymore and will file bankruptcy to get out from under the obligation. The courts allowed the airlines to do it and will allow UPS to do it.
 
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