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Brown Cafe UPS Forum
UPS Retirement Topics
Seriously Underfunded Teamster Pension Funds
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<blockquote data-quote="soberups" data-source="post: 393309" data-attributes="member: 14668"><p>You sort of answered your own question. The Western Conference is fully funded <u>because</u> of the fact that its trustees decided to keep benefits in line with what can sustainably be paid out. The decision made by the trustees to reduce the annual accrual rate during the post 9-11 economic downturn was not a popular one, but it was necessary for the health of the fund.</p></blockquote><p></p>
[QUOTE="soberups, post: 393309, member: 14668"] You sort of answered your own question. The Western Conference is fully funded [U]because[/U] of the fact that its trustees decided to keep benefits in line with what can sustainably be paid out. The decision made by the trustees to reduce the annual accrual rate during the post 9-11 economic downturn was not a popular one, but it was necessary for the health of the fund. [/QUOTE]
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