Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
The Western Conference and Local 177 H&W DISASTER!
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="LagunaBrown" data-source="post: 1215509" data-attributes="member: 29765"><p style="text-align: left"><span style="font-family: 'Arial'">Each year, your Plan’s Trustees work closely with independent investment advisors and actuaries to review different indicators of the Plan’s financial strength. Funding levels are one of the best measures of a pension plan’s strength.</span></p> <p style="text-align: left"><span style="font-family: 'Arial'">In 2006, Congress passed a law called the <em>Pension Protection Act</em> that requires all pension plans to measure their funding ratios in new, more stringent ways. One ratio compares the value of Plan assets to the value of all Plan benefits earned to date by all participants.</span></p> <p style="text-align: left"><span style="font-family: 'Arial'">Based on this Pension Protection Act <em>ratio</em>, pension plans are rated as in either the Red (weakest), Yellow (endangered) or Green (strongest) zones. Using this method, the Plan’s enrolled actuary has calculated that the Plan’s funding percentage is in neither endangered nor critical status—placing it "in the Green Zone for 2013."</span></p> <p style="text-align: left"><span style="font-family: 'Arial'"></span></p> <p style="text-align: left"><span style="font-family: 'Arial'">Information from the WCTPP Website</span></p> <p style="text-align: left"><span style="font-family: 'Arial'"></span></p> <p style="text-align: left"><span style="font-family: 'Arial'"><strong>You will be long gone even if that scenario could ever happen so you shouldn't scare people when you are blessed to have a kick ass plan here in the west. Be humble because many other regions are not as fortunate as you. </strong></span></p> <p style="text-align: left"><span style="font-family: 'Arial'"></span></p> <p style="text-align: left"><span style="font-family: 'Arial'"></span></p></blockquote><p></p>
[QUOTE="LagunaBrown, post: 1215509, member: 29765"] [LEFT][FONT=Arial]Each year, your Plan’s Trustees work closely with independent investment advisors and actuaries to review different indicators of the Plan’s financial strength. Funding levels are one of the best measures of a pension plan’s strength. In 2006, Congress passed a law called the [I]Pension Protection Act[/I] that requires all pension plans to measure their funding ratios in new, more stringent ways. One ratio compares the value of Plan assets to the value of all Plan benefits earned to date by all participants. Based on this Pension Protection Act [I]ratio[/I], pension plans are rated as in either the Red (weakest), Yellow (endangered) or Green (strongest) zones. Using this method, the Plan’s enrolled actuary has calculated that the Plan’s funding percentage is in neither endangered nor critical status—placing it "in the Green Zone for 2013." Information from the WCTPP Website [B]You will be long gone even if that scenario could ever happen so you shouldn't scare people when you are blessed to have a kick ass plan here in the west. Be humble because many other regions are not as fortunate as you. [/B] [/FONT][/LEFT] [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
The Western Conference and Local 177 H&W DISASTER!
Top