Reply to thread

Message

<blockquote data-quote="Mugarolla" data-source="post: 1598561" data-attributes="member: 8481">I understand the PRA will not make cuts to anyone over 80, lesser cuts to those in their 70&#039;s and no cuts to UPS retires.But it also said that cuts could be as steep as 60%And over half the retirees are from orphan companies, bankrupt companies no longer in existence. They may see a 60% cut. I understand some are over the 75 year old threshold so they will not see huge cuts.Do the math. If you cut over half the employees by 60% this is the same as cutting everyone by 30%So the PRA will not allow a 30% cut across the board, but the cuts that it allows for will result in an average of 30% across the board.This will keep CS solvent indefinitely according to Boston College Pension Research.And I tend to give them more credit than some &quot;Teamster Official&quot; that told you CS will go bankrupt.</blockquote>

[QUOTE="Mugarolla, post: 1598561, member: 8481"] I understand the PRA will not make cuts to anyone over 80, lesser cuts to those in their 70's and no cuts to UPS retires. But it also said that cuts could be as steep as 60% And over half the retirees are from orphan companies, bankrupt companies no longer in existence. They may see a 60% cut. I understand some are over the 75 year old threshold so they will not see huge cuts. Do the math. If you cut over half the employees by 60% this is the same as cutting everyone by 30% So the PRA will not allow a 30% cut across the board, but the cuts that it allows for will result in an average of 30% across the board. This will keep CS solvent indefinitely according to Boston College Pension Research. And I tend to give them more credit than some "Teamster Official" that told you CS will go bankrupt. [/QUOTE]

Verification