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UPS Retirement Topics
Is Central States pension fund ready to go under?
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<blockquote data-quote="tieguy" data-source="post: 230908" data-attributes="member: 1912"><p><span style="color: blue">I think I see the problem now you just don't understand simple finance. Let me splain it to you lucy. Fund per your number is 63 percent funded. Per others 49 but I'll use yours so we don't get sidetracked into more gobldy gook. K. fund should be 100 percent funded. its 63 per your number. Now UPS didn't shortchange the plan. They put in everything they are supposed to put in. Thus the example of putting in a dollar and checking the account to find 63 cents. Now try to focus on that for a minute instead of running off into another direction of misinformation. Who took the 37 cents we are missing per your number. </span></p><p> </p><p><span style="color: #0000ff">Point two . The fund is 37 percent short per your number. That 37 percent would have paid for someones retirement money in the future. Instead its paying someones retirement today. Or someone today is short 37 percent in which case ups's money is paying for them. Anyway you add it up.</span></p><p> </p><p><span style="color: #0000ff">UPS is paying 100 percent of what they are obligated to pay today into the fund thus the dollar. </span></p><p> </p><p><span style="color: #0000ff">But when they look at their bank statement they only had 63 percent in the account per your number. </span></p><p> </p><p><span style="color: #0000ff">Therefore either some retiree from some other company took the 37 cents or we are paying todays bills with tommorrows money. </span></p><p> </p><p><span style="color: #0000ff">If you're going to try to promote yourself as a pension expert then you must learn to progress past simple math. </span></p><p> </p><p><span style="color: #0000ff">Now when you answer this post try to focus on that point only. I don't need any assets or actuaries in the discussion. Keep it simple is it other retirees taking my 37 cents or are we paying todays bills with tommorrows money. </span></p></blockquote><p></p>
[QUOTE="tieguy, post: 230908, member: 1912"] [COLOR=blue]I think I see the problem now you just don't understand simple finance. Let me splain it to you lucy. Fund per your number is 63 percent funded. Per others 49 but I'll use yours so we don't get sidetracked into more gobldy gook. K. fund should be 100 percent funded. its 63 per your number. Now UPS didn't shortchange the plan. They put in everything they are supposed to put in. Thus the example of putting in a dollar and checking the account to find 63 cents. Now try to focus on that for a minute instead of running off into another direction of misinformation. Who took the 37 cents we are missing per your number. [/COLOR] [COLOR=#0000ff]Point two . The fund is 37 percent short per your number. That 37 percent would have paid for someones retirement money in the future. Instead its paying someones retirement today. Or someone today is short 37 percent in which case ups's money is paying for them. Anyway you add it up.[/COLOR] [COLOR=#0000ff]UPS is paying 100 percent of what they are obligated to pay today into the fund thus the dollar. [/COLOR] [COLOR=#0000ff]But when they look at their bank statement they only had 63 percent in the account per your number. [/COLOR] [COLOR=#0000ff]Therefore either some retiree from some other company took the 37 cents or we are paying todays bills with tommorrows money. [/COLOR] [COLOR=#0000ff]If you're going to try to promote yourself as a pension expert then you must learn to progress past simple math. [/COLOR] [COLOR=#0000ff]Now when you answer this post try to focus on that point only. I don't need any assets or actuaries in the discussion. Keep it simple is it other retirees taking my 37 cents or are we paying todays bills with tommorrows money. [/COLOR] [/QUOTE]
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