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Brown Cafe UPS Forum
UPS Retirement Topics
Is Central States pension fund ready to go under?
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<blockquote data-quote="Bill" data-source="post: 181296" data-attributes="member: 5483"><p>I have already caught you lying about the pilots pension. First you said that you read it somewhere, but when I confronted you about it, you changed your story. Then you changed it a third time when I disputed your new story. As far as I can see, you have lost all credibility on this site. You make statements that have no true meaning to it, and you can't even back up what you say. </p><p>The numbers don't lie. Central States has 156,744 active participants as of the 2005 annual report. There are 294,879 people receiving benefits. Now let us take a look at the UPS employees only. There are roughly 40,000 active employees and only 6,865 retirees. The numbers are now much more favorable when the employees of other companies are removed. This equates to approximately 6 employees to every one retired. Central States is quite the opposite where there is 1 employee supporting almost 2 retirees. Any clear thinking person (you are not included in this group) can see that breaking away from the albatross that hangs onto Central States would easily benefit every UPS worker.</p></blockquote><p></p>
[QUOTE="Bill, post: 181296, member: 5483"] I have already caught you lying about the pilots pension. First you said that you read it somewhere, but when I confronted you about it, you changed your story. Then you changed it a third time when I disputed your new story. As far as I can see, you have lost all credibility on this site. You make statements that have no true meaning to it, and you can't even back up what you say. The numbers don't lie. Central States has 156,744 active participants as of the 2005 annual report. There are 294,879 people receiving benefits. Now let us take a look at the UPS employees only. There are roughly 40,000 active employees and only 6,865 retirees. The numbers are now much more favorable when the employees of other companies are removed. This equates to approximately 6 employees to every one retired. Central States is quite the opposite where there is 1 employee supporting almost 2 retirees. Any clear thinking person (you are not included in this group) can see that breaking away from the albatross that hangs onto Central States would easily benefit every UPS worker. [/QUOTE]
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Is Central States pension fund ready to go under?
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