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Brown Cafe UPS Forum
UPS Union Issues
Nys teamsters pension & retirement fund
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<blockquote data-quote="Brownslave688" data-source="post: 3082219" data-attributes="member: 34439"><p>Most pensions depend on current employees money to pay past employees benefits.</p><p></p><p></p><p>That's why you always hear the argument that well there's less people paying in than what there are taking out now. That is what the downfall was. </p><p></p><p>Well if a retirees benefits were based off of money put in and invested on their behalf it shouldn't matter if one dime more goes into the fund.</p></blockquote><p></p>
[QUOTE="Brownslave688, post: 3082219, member: 34439"] Most pensions depend on current employees money to pay past employees benefits. That's why you always hear the argument that well there's less people paying in than what there are taking out now. That is what the downfall was. Well if a retirees benefits were based off of money put in and invested on their behalf it shouldn't matter if one dime more goes into the fund. [/QUOTE]
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