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UPS Retirement Topics
Is Central States pension fund ready to go under?
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<blockquote data-quote="brett636" data-source="post: 179059" data-attributes="member: 249"><p>Baseless huh?</p><p> </p><p>Go to <a href="http://www.npr.org/news/specials/gmvstoyota/" target="_blank">this site</a> and scroll down to the employee section, and pay very close attention to the number of retirees GM has versus active workers. GM has been having money trouble in recent years and have pointed their trouble directly at their pension requirements. GM has about 142,000 active employees, that includes both production and white collar employees. They have approxomatly 460,000 retirees. Thats almost 3 retirees per one active employee. </p><p> </p><p>I will leave the social security stats for you to look up, but everything I have read has stated that when SS was first concieved there were 16 active workers for every one person on SS. After the bulk of the baby boomers have retired there will be less than 4 workers per one person on SS. </p><p> </p><p>I have already put forth a better plan, and thats putting those pension contributions into my 401k and let me decide what to do with it. I will make better use of those funds than both the IBT or the APWA.</p></blockquote><p></p>
[QUOTE="brett636, post: 179059, member: 249"] Baseless huh? Go to [URL="http://www.npr.org/news/specials/gmvstoyota/"]this site[/URL] and scroll down to the employee section, and pay very close attention to the number of retirees GM has versus active workers. GM has been having money trouble in recent years and have pointed their trouble directly at their pension requirements. GM has about 142,000 active employees, that includes both production and white collar employees. They have approxomatly 460,000 retirees. Thats almost 3 retirees per one active employee. I will leave the social security stats for you to look up, but everything I have read has stated that when SS was first concieved there were 16 active workers for every one person on SS. After the bulk of the baby boomers have retired there will be less than 4 workers per one person on SS. I have already put forth a better plan, and thats putting those pension contributions into my 401k and let me decide what to do with it. I will make better use of those funds than both the IBT or the APWA. [/QUOTE]
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Is Central States pension fund ready to go under?
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