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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="JonFrum" data-source="post: 231479"><p><span style="color: blue">I can't my 37 cents is stuck inside your matrix. You can't tell me what happened to it. </span></p><p>Actually, your 37 cents is stuck in UPS' coffers. When they pay their Withdrawal Liability, it will be in the Fund and you can then visit it for the cost of a plane trip to Fund headquarters in Illinois.</p><p></p><p><span style="color: #0000ff">You also can't tell me how the bills are getting paid without full funding. </span></p><p>The bills are paid out of the $21 billion in Net Assets. The Plan's bills will come due this year, and every year, for years to come. They aren't all due today. $21 billion is a lot of money. It will last a long time. Only today's bills have to be paid today.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 231479"] [COLOR=blue]I can't my 37 cents is stuck inside your matrix. You can't tell me what happened to it. [/COLOR] Actually, your 37 cents is stuck in UPS' coffers. When they pay their Withdrawal Liability, it will be in the Fund and you can then visit it for the cost of a plane trip to Fund headquarters in Illinois. [COLOR=#0000ff]You also can't tell me how the bills are getting paid without full funding. [/COLOR] The bills are paid out of the $21 billion in Net Assets. The Plan's bills will come due this year, and every year, for years to come. They aren't all due today. $21 billion is a lot of money. It will last a long time. Only today's bills have to be paid today. [/QUOTE]
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Is Central States pension fund ready to go under?
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