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Brown Cafe UPS Forum
UPS Union Issues
Pension fix
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<blockquote data-quote="Bubblehead" data-source="post: 3967069" data-attributes="member: 14176"><p>Why would they have <em>"unfunded liability"</em>, if they made all of their contributions before the expiration of their various CBA's???</p><p></p><p>....and there are many that are also failing due to a disproportionate ratio of retirees to active participants, which is a textbook definition of a Ponzi Scheme.</p><p></p><p>To characterize the present pension system as a Ponzi Scheme is not an "ignorant" or unfounded assertion....aside from that it is somehow legal.</p></blockquote><p></p>
[QUOTE="Bubblehead, post: 3967069, member: 14176"] Why would they have [I]"unfunded liability"[/I], if they made all of their contributions before the expiration of their various CBA's??? ....and there are many that are also failing due to a disproportionate ratio of retirees to active participants, which is a textbook definition of a Ponzi Scheme. To characterize the present pension system as a Ponzi Scheme is not an "ignorant" or unfounded assertion....aside from that it is somehow legal. [/QUOTE]
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