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Brown Cafe UPS Forum
UPS Retirement Topics
Life only Pension?
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<blockquote data-quote="DELACROIX" data-source="post: 4883295" data-attributes="member: 49065"><p>Central States I heard quoted will get over 50 billion by itself, covering around 400,000 members, active and retired out of the 86 billion allocated.</p><p></p><p>It will last till 2051or thirty years once the loans are given. The federal agency PBGC will be in control of those funds and will technically be running these pension trusts. </p><p></p><p>That is why these corporations are getting out of providing defined pensions, the PBGC charges insurance premiums on everybody participating in these plans. I expect that those premiums and other associated costs will go up considerably in order to sustain and prevent that agency from defaulting also.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 4883295, member: 49065"] Central States I heard quoted will get over 50 billion by itself, covering around 400,000 members, active and retired out of the 86 billion allocated. It will last till 2051or thirty years once the loans are given. The federal agency PBGC will be in control of those funds and will technically be running these pension trusts. That is why these corporations are getting out of providing defined pensions, the PBGC charges insurance premiums on everybody participating in these plans. I expect that those premiums and other associated costs will go up considerably in order to sustain and prevent that agency from defaulting also. [/QUOTE]
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