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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="tieguy" data-source="post: 230535" data-attributes="member: 1912"><p><span style="color: blue">The problem Jon is you keep making this argument and deny the application of common sense. We know ups's contributions are huge. We know ups contributes for employees that only work for us three or four years and then leave to never collect on those funds. We know therefore that the payout to upsers if the fund is partitioned as you claim should be significant. But its not upsers are having their beni's cut despite all the good news you give us. Despite all the logic you supply against the sixty percent number. Despite all the logic you try to supply to tell us the plan is not sticking it to upsers we see the end result is that ups pays in tons of money and upsers get reduced benifits. therefore your argument is seriously flawed. Common sense tells you that the retirees of other plans are drawing ups money and thus shortchanging upsers. Big money going in , little money coming out. Its real simple jon.</span></p></blockquote><p></p>
[QUOTE="tieguy, post: 230535, member: 1912"] [COLOR=blue]The problem Jon is you keep making this argument and deny the application of common sense. We know ups's contributions are huge. We know ups contributes for employees that only work for us three or four years and then leave to never collect on those funds. We know therefore that the payout to upsers if the fund is partitioned as you claim should be significant. But its not upsers are having their beni's cut despite all the good news you give us. Despite all the logic you supply against the sixty percent number. Despite all the logic you try to supply to tell us the plan is not sticking it to upsers we see the end result is that ups pays in tons of money and upsers get reduced benifits. therefore your argument is seriously flawed. Common sense tells you that the retirees of other plans are drawing ups money and thus shortchanging upsers. Big money going in , little money coming out. Its real simple jon.[/COLOR] [/QUOTE]
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Is Central States pension fund ready to go under?
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