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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="JonFrum" data-source="post: 198635"><p><strong>Re: "Beyond Repair" . . . Really???</strong></p><p></p><p></p><p></p><p>As we discussed at the time, you guys, (and before you, Tieguy,) were making exaggerated claims about PBGC insurance coverage for Single-employer pension funds. I pointed you to the PBGC website to prove the true levels of coverage were significantly less. Asking APWA to translate the PBGC rules into a chart was designed to make the levels of coverage easier to determine for anyone who didn't, or couldn't, visit the website. I didn't want people thinking they would be covered for $4,125 per month when almost everyone is not. </p><p>- - - - -</p><p>And I don't expect you or others to relay my questions to the APWA officers, or to do research for me. Usually I post because I see something posted that I think is wrong and I try to correct the record: sometimes with a general post, sometimes with a post directed at the specific poster of the misinformation. </p><p></p><p>As I've said before, I think it is really strange that the APWA refuses to publish adequate information on its website, and that misinformed cheerleaders are spreading so much misinformation and exaggerated claims. Especially now that cards are being signed based on that misinformation. </p><p></p><p>And I thought the Teamsters kept us in the dark!!!</p></blockquote><p></p>
[QUOTE="JonFrum, post: 198635"] [b]Re: "Beyond Repair" . . . Really???[/b] As we discussed at the time, you guys, (and before you, Tieguy,) were making exaggerated claims about PBGC insurance coverage for Single-employer pension funds. I pointed you to the PBGC website to prove the true levels of coverage were significantly less. Asking APWA to translate the PBGC rules into a chart was designed to make the levels of coverage easier to determine for anyone who didn't, or couldn't, visit the website. I didn't want people thinking they would be covered for $4,125 per month when almost everyone is not. - - - - - And I don't expect you or others to relay my questions to the APWA officers, or to do research for me. Usually I post because I see something posted that I think is wrong and I try to correct the record: sometimes with a general post, sometimes with a post directed at the specific poster of the misinformation. As I've said before, I think it is really strange that the APWA refuses to publish adequate information on its website, and that misinformed cheerleaders are spreading so much misinformation and exaggerated claims. Especially now that cards are being signed based on that misinformation. And I thought the Teamsters kept us in the dark!!! [/QUOTE]
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UPS offer on the Table for takeover of Central States fund !
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