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="Bill" data-source="post: 235297" data-attributes="member: 5483"><p>The assets have increased due to the fact that CS has made it tougher to retire, ergo less money going out. However, if you look at the big picture, the liabilities have increased more than the assets over this period, thus making the overall financial strength of CS weaker. Raymond James, an independent financial expert, has documented that CS will be bankrupt in 7.4 years. This means that unless action is taken now, the employees in CS will not receive much of a pension. CHANGE IS A MUST AT THIS JUNCTURE. THE LONGER WE DO NOTHING, THERE IS A HIGHER CHANCE THAT YOUR PENSION IS GOING DOWN THE DRAIN. We must rid ourselves of CS, and if the Teamsters can not act now to accomplish this, we must rid ourselves of them too..</p></blockquote><p></p>
[QUOTE="Bill, post: 235297, member: 5483"] The assets have increased due to the fact that CS has made it tougher to retire, ergo less money going out. However, if you look at the big picture, the liabilities have increased more than the assets over this period, thus making the overall financial strength of CS weaker. Raymond James, an independent financial expert, has documented that CS will be bankrupt in 7.4 years. This means that unless action is taken now, the employees in CS will not receive much of a pension. CHANGE IS A MUST AT THIS JUNCTURE. THE LONGER WE DO NOTHING, THERE IS A HIGHER CHANCE THAT YOUR PENSION IS GOING DOWN THE DRAIN. We must rid ourselves of CS, and if the Teamsters can not act now to accomplish this, we must rid ourselves of them too.. [/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