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Brown Cafe UPS Forum
UPS Union Issues
Nys teamsters pension & retirement fund
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<blockquote data-quote="Mugarolla" data-source="post: 3184305" data-attributes="member: 8481"><p>Not how pensions work...or how pensions are supposed to work.</p><p></p><p>But this is what they turned into. Due to mismanagement, bad investments, market crash, whatever.</p><p></p><p>They are using the money being put in for me, for my future pension, to pay current retirees. And my money will be gone, the fund will be bankrupt, when it comes time for me to receive back my money that was put into the fund on my behalf.</p><p></p><p>Sounds awfully familiar to a Ponzi Scheme.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 3184305, member: 8481"] Not how pensions work...or how pensions are supposed to work. But this is what they turned into. Due to mismanagement, bad investments, market crash, whatever. They are using the money being put in for me, for my future pension, to pay current retirees. And my money will be gone, the fund will be bankrupt, when it comes time for me to receive back my money that was put into the fund on my behalf. Sounds awfully familiar to a Ponzi Scheme. [/QUOTE]
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