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Brown Cafe UPS Forum
UPS Retirement Topics
Pension Agency Faces a New Front
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<blockquote data-quote="ok2bclever" data-source="post: 54896"><p>Sorry, but with all due respect to Feeder the real world has shown it ain't that cut and dried or the USA wouldn't be in an epidemic of pension failures, both multi-employer funded and the single employer funded ones (which have had a far far higher rate of failure) </p><p> </p><p>And it has been exposed that the UPS spokesman certainly used "smoked" statistics (many would just call them lies) basing his statement of what we would have earned to date in a plan of his design using today's contribution levels instead of the real ones. </p><p> </p><p>There are facts, and then there are facts, but mostly there is wishful thinking.</p></blockquote><p></p>
[QUOTE="ok2bclever, post: 54896"] Sorry, but with all due respect to Feeder the real world has shown it ain't that cut and dried or the USA wouldn't be in an epidemic of pension failures, both multi-employer funded and the single employer funded ones (which have had a far far higher rate of failure) And it has been exposed that the UPS spokesman certainly used "smoked" statistics (many would just call them lies) basing his statement of what we would have earned to date in a plan of his design using today's contribution levels instead of the real ones. There are facts, and then there are facts, but mostly there is wishful thinking. [/QUOTE]
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