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UPS Retirement Topics
Is Central States pension fund ready to go under?
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<blockquote data-quote="Bill" data-source="post: 183884" data-attributes="member: 5483"><p>No, the underfunding can not correct itself at this point as the fund is only 47.2% funded. You can find this information in the annual report from Central states, form 5500, schedule B, line 2c. Before you or anyone else makes stupid statements, please have some facts to back up what you say. I have been on this forum for months now, and I continuously give you the facts and tell you where you can verify it, but all you anti-APWA people do is spew propaganda that the Teamsters tell you. Ask the Teamsters to show you proof of the garbage they spew and then come back at me with this information. The Teamsters want you to believe them, no questions asked. The Teamsters are telling everyone that the Central States pension is 60% funded, but the reality is that is only 47.2% funded. Either way, the fund is beyond the point of no return.</p></blockquote><p></p>
[QUOTE="Bill, post: 183884, member: 5483"] No, the underfunding can not correct itself at this point as the fund is only 47.2% funded. You can find this information in the annual report from Central states, form 5500, schedule B, line 2c. Before you or anyone else makes stupid statements, please have some facts to back up what you say. I have been on this forum for months now, and I continuously give you the facts and tell you where you can verify it, but all you anti-APWA people do is spew propaganda that the Teamsters tell you. Ask the Teamsters to show you proof of the garbage they spew and then come back at me with this information. The Teamsters want you to believe them, no questions asked. The Teamsters are telling everyone that the Central States pension is 60% funded, but the reality is that is only 47.2% funded. Either way, the fund is beyond the point of no return. [/QUOTE]
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Is Central States pension fund ready to go under?
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