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Brown Cafe UPS Forum
UPS Retirement Topics
Thoughts on UPS 2016 Pension Buyout
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<blockquote data-quote="BrownFlush" data-source="post: 2913700" data-attributes="member: 65823"><p>Speaking of pension buyouts and multi-employer funds , has anyone heard anything? Heard talk at one time of combining all funds into one to keep the checks coming. There can be no doubt UPS is getting out of the pension business. The big sell is on for 401k and matching,blah,blah,blah. They are rubbing their hands together with glee at whats happening. Yeah , we showed 'em , strike to keep our pension in a multi-down the drain , poor managed fund. With the money going in the funds at present and not able to keep them afloat , maybe my spending it like a drunken sailor days are limited. The fund I am in, is and has been critical , adjustments and cuts have been made but, none to the current retirees yet. Would be good to hear if a solution is even being considered from the International . Looking to Washington is such a waste of time.</p></blockquote><p></p>
[QUOTE="BrownFlush, post: 2913700, member: 65823"] Speaking of pension buyouts and multi-employer funds , has anyone heard anything? Heard talk at one time of combining all funds into one to keep the checks coming. There can be no doubt UPS is getting out of the pension business. The big sell is on for 401k and matching,blah,blah,blah. They are rubbing their hands together with glee at whats happening. Yeah , we showed 'em , strike to keep our pension in a multi-down the drain , poor managed fund. With the money going in the funds at present and not able to keep them afloat , maybe my spending it like a drunken sailor days are limited. The fund I am in, is and has been critical , adjustments and cuts have been made but, none to the current retirees yet. Would be good to hear if a solution is even being considered from the International . Looking to Washington is such a waste of time. [/QUOTE]
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