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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="18wheelbrownie" data-source="post: 181507" data-attributes="member: 5398"><p>Single-employer funds allow the employer to skim money in good times and put it in the company's coffers, money that should be held by the fund for the inevitable rainy day. JonFrum</p><p> </p><p> JonFrum, </p><p> With all the threads and replys you have, did you ever contact Van and Dan and ask them your questions and concerns? The pension will not be handle by the company, but by the members, professionals and representatives from the company on a board under the APWA hands!Why should we in CS work till 62 or 65 for our pension ,pay a 6% penalty for every year under 62 or 65 because there is no more 25 or 30 and out ,lousy insurance and carry the load for everyones pension who's company has gone out of business? Don't forget we do work for the most profitable and tightest company !</p></blockquote><p></p>
[QUOTE="18wheelbrownie, post: 181507, member: 5398"] Single-employer funds allow the employer to skim money in good times and put it in the company's coffers, money that should be held by the fund for the inevitable rainy day. JonFrum JonFrum, With all the threads and replys you have, did you ever contact Van and Dan and ask them your questions and concerns? The pension will not be handle by the company, but by the members, professionals and representatives from the company on a board under the APWA hands!Why should we in CS work till 62 or 65 for our pension ,pay a 6% penalty for every year under 62 or 65 because there is no more 25 or 30 and out ,lousy insurance and carry the load for everyones pension who's company has gone out of business? Don't forget we do work for the most profitable and tightest company ! [/QUOTE]
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Is Central States pension fund ready to go under?
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