Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
Is Central States pension fund ready to go under?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="JonFrum" data-source="post: 232180"><p>Cezanne,</p><p>Social Security is an inter-generational welfare scheme. The young who are working, pay money to the Social Security "Fund" and the money is immediately paid out to retirees of their parent's and grandparent's generation. There really isn't much of a "Fund" to speak of. Just a kind of very large scale checking account that takes in money from workers one day, and pays it out to retirees the next.</p><p></p><p>A Taft-Hartley Pension Plan is very different. Workers' contributions *accumulate* in a TRUST FUND and usually grow as the Fund's assets are invested and get a return on their investments. The Central States Fund literally has a FUND with over $21 billion in it.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 232180"] Cezanne, Social Security is an inter-generational welfare scheme. The young who are working, pay money to the Social Security "Fund" and the money is immediately paid out to retirees of their parent's and grandparent's generation. There really isn't much of a "Fund" to speak of. Just a kind of very large scale checking account that takes in money from workers one day, and pays it out to retirees the next. A Taft-Hartley Pension Plan is very different. Workers' contributions *accumulate* in a TRUST FUND and usually grow as the Fund's assets are invested and get a return on their investments. The Central States Fund literally has a FUND with over $21 billion in it. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
Is Central States pension fund ready to go under?
Top