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More gloom and doom..CS is tanking
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<blockquote data-quote="O/C" data-source="post: 1597164" data-attributes="member: 52228"><p>The PBGC is a federal agency, it will not be terminated, every private and federal pension plan pays a premium to cover their demise. More than likely the feds will just make the trustee's pay higher premiums to make up the underfunding. As far as UPS not covering their union retirees, currently there is language to prevent that from happening, in the future is anybody's guess? Said it before but with UPS the money has and will be there, it would be pathetic if the union or the feds let them continue to mess with their union retirees. Trust me on this one 2016 will be a defining year for everybody concerned with our health and welfare and pension benefits.</p><p></p><p>Sent using BrownCafe App</p></blockquote><p></p>
[QUOTE="O/C, post: 1597164, member: 52228"] The PBGC is a federal agency, it will not be terminated, every private and federal pension plan pays a premium to cover their demise. More than likely the feds will just make the trustee's pay higher premiums to make up the underfunding. As far as UPS not covering their union retirees, currently there is language to prevent that from happening, in the future is anybody's guess? Said it before but with UPS the money has and will be there, it would be pathetic if the union or the feds let them continue to mess with their union retirees. Trust me on this one 2016 will be a defining year for everybody concerned with our health and welfare and pension benefits. Sent using BrownCafe App [/QUOTE]
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