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Retired under ups then converts to central states
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<blockquote data-quote="rod" data-source="post: 4581582" data-attributes="member: 5382"><p>The Teamsters were using Central States money to invest in Las Veges Casinos (and getting quite rich doing it). The Government didn't like that so in 1982 they (the Government) stepped in-- made the Union get out of Las Vegas investing and became "Overseers" of the Central States Pension Fund "to save it". At that time the fund was totally good. The rest is history. Can you imagine that--our Government screwing something up? If ANYTHING should be bailed out it should be that pension fund because it failed under the Governments control.</p></blockquote><p></p>
[QUOTE="rod, post: 4581582, member: 5382"] The Teamsters were using Central States money to invest in Las Veges Casinos (and getting quite rich doing it). The Government didn't like that so in 1982 they (the Government) stepped in-- made the Union get out of Las Vegas investing and became "Overseers" of the Central States Pension Fund "to save it". At that time the fund was totally good. The rest is history. Can you imagine that--our Government screwing something up? If ANYTHING should be bailed out it should be that pension fund because it failed under the Governments control. [/QUOTE]
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Retired under ups then converts to central states
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