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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: 199396"><p>Nospinzone, </p><p></p><p>I point out the downside of your posts because I assume many readers will not click on your links and read all the qualifying and limiting "fine print." </p><p></p><p>And to beat this dead horse (hopefully) for the last time, the PBGC "guarantees" for Single-employer funds are insured by a nearly bankrupt PBGC fund, unlike the seperate Multi-employer PBGC fund. </p><p></p><p>The Single-employer "guarantees" are about three times as large *on paper* only. In practice, since Single-employer funds historically fail 100 times more frequently than Multi-employer funds, you have to include the enormous "100 times" negative factor into the equation.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 199396"] Nospinzone, I point out the downside of your posts because I assume many readers will not click on your links and read all the qualifying and limiting "fine print." And to beat this dead horse (hopefully) for the last time, the PBGC "guarantees" for Single-employer funds are insured by a nearly bankrupt PBGC fund, unlike the seperate Multi-employer PBGC fund. The Single-employer "guarantees" are about three times as large *on paper* only. In practice, since Single-employer funds historically fail 100 times more frequently than Multi-employer funds, you have to include the enormous "100 times" negative factor into the equation. [/QUOTE]
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UPS offer on the Table for takeover of Central States fund !
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