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Pension plans debate
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<blockquote data-quote="Catatonic" data-source="post: 791885" data-attributes="member: 7966"><p>I should have started my post with "Unfortunately" because you are probably close to what would transpire and worse than that, the Teamsters would be involved in managing your 401k.</p><p></p><p>And the reason companies are ditching pension plans is because they want to be "basically off the hook for your retirement". Public traded companies, in the eyes of investors, are hurt by long-term debt. UPS would be a much better investment now if UPS had not spent $6 billion plus to bail out the Central States pension plan.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 791885, member: 7966"] I should have started my post with "Unfortunately" because you are probably close to what would transpire and worse than that, the Teamsters would be involved in managing your 401k. And the reason companies are ditching pension plans is because they want to be "basically off the hook for your retirement". Public traded companies, in the eyes of investors, are hurt by long-term debt. UPS would be a much better investment now if UPS had not spent $6 billion plus to bail out the Central States pension plan. [/QUOTE]
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