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UPS Retirement Topics
Is Central States pension fund ready to go under?
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<blockquote data-quote="Bill" data-source="post: 232315" data-attributes="member: 5483"><p><strong>Re: UPDATE: 2nd quarter report now available</strong></p><p></p><p></p><p>Another reason that the fund improved, is that less people are able to retire under CS restrictions. Now, what happens ten years down the road when more people start retiring? The CS pension fund is back to square one, but now it is in much worse shape. The only thing that CS did was to delay the inevitable. CS will be insolvent by then, unless they make cuts that are more extreme than the present cuts. The handwriting is on the wall, but many of you refuse to look at the wall.</p></blockquote><p></p>
[QUOTE="Bill, post: 232315, member: 5483"] [b]Re: UPDATE: 2nd quarter report now available[/b] Another reason that the fund improved, is that less people are able to retire under CS restrictions. Now, what happens ten years down the road when more people start retiring? The CS pension fund is back to square one, but now it is in much worse shape. The only thing that CS did was to delay the inevitable. CS will be insolvent by then, unless they make cuts that are more extreme than the present cuts. The handwriting is on the wall, but many of you refuse to look at the wall. [/QUOTE]
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Is Central States pension fund ready to go under?
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