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<blockquote data-quote="Inthegame" data-source="post: 968233" data-attributes="member: 37112"><p>A pension fund doesn&#039;t get into (or out of) big time trouble overnight. If the plan is &quot;short&quot; as you claim, it is the result of poor performance of prior years (pre 2010 when this board took over) but more than likely it is experiencing the pressures of early out pensions like the 25 and out implemented years ago by Ron Carey. Not saying that was a bad move, pkg guys are breaking down at earlier ages, but that option puts tremendous pressures on funding ratios. Most plans went backwards 25-30% after the fallout of 2008. To recover to 65-70% funding status is tolerable. With the returns this year, L804 is up another 10% not accounted for in the 2011 statement. All 804 members should thank your leaders for making decisions to keep your fund viable and healthy for long term security. Get pissed at them for other stuff but stay away from pension complaints. You&#039;re way over your head on this one.</p></blockquote><p></p>

[QUOTE="Inthegame, post: 968233, member: 37112"] A pension fund doesn't get into (or out of) big time trouble overnight. If the plan is "short" as you claim, it is the result of poor performance of prior years (pre 2010 when this board took over) but more than likely it is experiencing the pressures of early out pensions like the 25 and out implemented years ago by Ron Carey. Not saying that was a bad move, pkg guys are breaking down at earlier ages, but that option puts tremendous pressures on funding ratios. Most plans went backwards 25-30% after the fallout of 2008. To recover to 65-70% funding status is tolerable. With the returns this year, L804 is up another 10% not accounted for in the 2011 statement. All 804 members should thank your leaders for making decisions to keep your fund viable and healthy for long term security. Get pissed at them for other stuff but stay away from pension complaints. You're way over your head on this one. [/QUOTE]

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