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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="brownmonster" data-source="post: 236879" data-attributes="member: 298"><p>Area43, I'm all for being able to manage my own account. Problem is the majority of people have trouble managing their money. People on this site that make 70 to 80 grand a year can't survive 2 or 3 weeks if we went on strike. Many people in similar plans don't even sign up or at least take the company match. It's a have it now, buy it today, no thought for tommorow society. Ask how many drivers in your area even participate in the 401k. The majority of the people need someone to look out for them and that's why the Teamster pension, no matter how much it shrinks, is the only thing many can count on. BM</p></blockquote><p></p>
[QUOTE="brownmonster, post: 236879, member: 298"] Area43, I'm all for being able to manage my own account. Problem is the majority of people have trouble managing their money. People on this site that make 70 to 80 grand a year can't survive 2 or 3 weeks if we went on strike. Many people in similar plans don't even sign up or at least take the company match. It's a have it now, buy it today, no thought for tommorow society. Ask how many drivers in your area even participate in the 401k. The majority of the people need someone to look out for them and that's why the Teamster pension, no matter how much it shrinks, is the only thing many can count on. BM [/QUOTE]
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Is Central States pension fund ready to go under?
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