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Brown Cafe UPS Forum
UPS Retirement Topics
UPS offer on the Table for takeover of Central States fund !
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<blockquote data-quote="705red" data-source="post: 198151" data-attributes="member: 5229"><p><strong>Re: "Beyond Repair" . . . Really???</strong></p><p></p><p>The retirees would still get paid even if its from cs. But if you are you talking about running out of money from the apwa's pension plan unless you are a young person, your money would have to be managed accordingly.</p><p> </p><p>Of course your talking about in a perfect world. As serious as this issue is you will gladly turn your future retirement plans over to the apwa who have not proven their abilities to even file a grievance, let alone negotiate a contract, or manage a pension fund of this size. Will the apwa's pension be fdic insured or is there a chance that they could mis manage or hire a firm that could mismanage the fund. Theres no quarantees in life that i understand but i wouldnt bet all my pension on black at the roulette table and in this case its comparable.</p></blockquote><p></p>
[QUOTE="705red, post: 198151, member: 5229"] [b]Re: "Beyond Repair" . . . Really???[/b] The retirees would still get paid even if its from cs. But if you are you talking about running out of money from the apwa's pension plan unless you are a young person, your money would have to be managed accordingly. Of course your talking about in a perfect world. As serious as this issue is you will gladly turn your future retirement plans over to the apwa who have not proven their abilities to even file a grievance, let alone negotiate a contract, or manage a pension fund of this size. Will the apwa's pension be fdic insured or is there a chance that they could mis manage or hire a firm that could mismanage the fund. Theres no quarantees in life that i understand but i wouldnt bet all my pension on black at the roulette table and in this case its comparable. [/QUOTE]
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UPS offer on the Table for takeover of Central States fund !
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