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UPS Retirement Topics
UPS offer on the Table for takeover of Central States fund !
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<blockquote data-quote="badpas" data-source="post: 199834" data-attributes="member: 8876"><p>Jon, I've heard this before also but isn't the real difference between a single-employer pension fund and the way the apwa is proposing two different monsters? Yes what you say is true about single-employer pension funds go belly up 100 times faster but putting the money into specific accounts and setting them up basically as indiviual retirement funds more along the lines of what they should be? This keeps us different from those other quys especially if the PBGC funds you talk about are nearly bankrupt. I see your point but I think you feel that the group of ups drivers that started this didn't think of that. The meetings that I attended covered this senario and many more. Again, I don't say I know everything but I have done my home work too. If this is worded differently in the PBGC please elaberate. Because the people I've talked to had a different tune when asked this.</p></blockquote><p></p>
[QUOTE="badpas, post: 199834, member: 8876"] Jon, I've heard this before also but isn't the real difference between a single-employer pension fund and the way the apwa is proposing two different monsters? Yes what you say is true about single-employer pension funds go belly up 100 times faster but putting the money into specific accounts and setting them up basically as indiviual retirement funds more along the lines of what they should be? This keeps us different from those other quys especially if the PBGC funds you talk about are nearly bankrupt. I see your point but I think you feel that the group of ups drivers that started this didn't think of that. The meetings that I attended covered this senario and many more. Again, I don't say I know everything but I have done my home work too. If this is worded differently in the PBGC please elaberate. Because the people I've talked to had a different tune when asked this. [/QUOTE]
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UPS offer on the Table for takeover of Central States fund !
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