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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="705red" data-source="post: 227802" data-attributes="member: 5229"><p>E79 i hear your frustrations, dont think for a minute that i dont understand were your coming from. If a single employer fund is more sound and better for the employees than why are the funds in new york and jersey in as bad of shape?</p><p> </p><p>As for the apwa, it would be the same fund apwa-ups single employer as ups is offering here. There would be no guarantees on what the payouts would be or that it would never be in the same crisis as cs,ny, and jersey now is there? Ups is cutting benefits to their already single employer funds, and we are to believe that this wont happen to those of you under the cs plan now? </p><p> </p><p>This is were you the cs participants need to do your homework and have all your questions answered before making a decision on your retirement.</p></blockquote><p></p>
[QUOTE="705red, post: 227802, member: 5229"] E79 i hear your frustrations, dont think for a minute that i dont understand were your coming from. If a single employer fund is more sound and better for the employees than why are the funds in new york and jersey in as bad of shape? As for the apwa, it would be the same fund apwa-ups single employer as ups is offering here. There would be no guarantees on what the payouts would be or that it would never be in the same crisis as cs,ny, and jersey now is there? Ups is cutting benefits to their already single employer funds, and we are to believe that this wont happen to those of you under the cs plan now? This is were you the cs participants need to do your homework and have all your questions answered before making a decision on your retirement. [/QUOTE]
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Is Central States pension fund ready to go under?
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