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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: 228052" data-attributes="member: 5483"><p>As it stands now, UPS gives the pension money to the Teamsters who pass it on to CS and other pension funds. If the APWA replaces the Teamsters, the pension money would be invested with an investment firm with the usual regulators in place as they are now. The biggest and only difference is that ALL the investment money and returns would be going to UPS employees under the APWA, whereas currently (Teamsters), only 40% of the pension money gets back to UPS retirees and current employees. What don't you understand about this? This is the only reason that the APWA can promise a bigger pension than the Teamsters do.</p></blockquote><p></p>
[QUOTE="Bill, post: 228052, member: 5483"] As it stands now, UPS gives the pension money to the Teamsters who pass it on to CS and other pension funds. If the APWA replaces the Teamsters, the pension money would be invested with an investment firm with the usual regulators in place as they are now. The biggest and only difference is that ALL the investment money and returns would be going to UPS employees under the APWA, whereas currently (Teamsters), only 40% of the pension money gets back to UPS retirees and current employees. What don't you understand about this? This is the only reason that the APWA can promise a bigger pension than the Teamsters do. [/QUOTE]
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Is Central States pension fund ready to go under?
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