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Pensions..The Best
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<blockquote data-quote="Pip" data-source="post: 195861" data-attributes="member: 6039"><p>Think the short answer would be along the lines of:</p><p> </p><p>--- Teamsters pension plan is hurting because there is more going out then is being brought in due to attrition of trucking company's going out of business over the years. The burden to cover those employee's is basicly put on the Company's that still contribute to the pension fund. </p><p> </p><p>---IAMAW doesn't have the same burden that the teamsters have, plus the fact that AIM has invested the pension funds differently then the teamsters. I read an article somewhere (forget where I seen it anymore) that stated the teamsters were more aggressive(risk) with some of the investments in the stock market that didn't pan out for the better over the years.</p><p> </p><p>---IAMAW I believe hasn't been around as long as the teamsters thus not having the shear numbers drawing from the pensions that the teamsters have. </p><p> </p><p>Probably somebody can get into more detail then I did, but I think I am in the ballpark.</p></blockquote><p></p>
[QUOTE="Pip, post: 195861, member: 6039"] Think the short answer would be along the lines of: --- Teamsters pension plan is hurting because there is more going out then is being brought in due to attrition of trucking company's going out of business over the years. The burden to cover those employee's is basicly put on the Company's that still contribute to the pension fund. ---IAMAW doesn't have the same burden that the teamsters have, plus the fact that AIM has invested the pension funds differently then the teamsters. I read an article somewhere (forget where I seen it anymore) that stated the teamsters were more aggressive(risk) with some of the investments in the stock market that didn't pan out for the better over the years. ---IAMAW I believe hasn't been around as long as the teamsters thus not having the shear numbers drawing from the pensions that the teamsters have. Probably somebody can get into more detail then I did, but I think I am in the ballpark. [/QUOTE]
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