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Brown Cafe UPS Forum
UPS Retirement Topics
Western Conference Pension Trust Didn't Make Dec. Payments
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<blockquote data-quote="35years" data-source="post: 2565162" data-attributes="member: 60822"><p>Good luck all you guys in this plan. Looks like they use the 2010 Pension relief act accounting method to calculate their funding percentage (91.7% in 2016).</p><p></p><p>Using the standard accounting methods, the funding percentage would be much lower. A lot of info about this issue already posted on Brown Cafe, so I won't go into it. </p><p></p><p>An explanation of this accounting method that makes plans look more solvent than they actually are can be found here...</p><p><a href="http://www.wctpension.org/downloads/documents/WCTPT_PRA_Notice.pdf" target="_blank">http://www.wctpension.org/downloads/documents/WCTPT_PRA_Notice.pdf</a></p></blockquote><p></p>
[QUOTE="35years, post: 2565162, member: 60822"] Good luck all you guys in this plan. Looks like they use the 2010 Pension relief act accounting method to calculate their funding percentage (91.7% in 2016). Using the standard accounting methods, the funding percentage would be much lower. A lot of info about this issue already posted on Brown Cafe, so I won't go into it. An explanation of this accounting method that makes plans look more solvent than they actually are can be found here... [URL]http://www.wctpension.org/downloads/documents/WCTPT_PRA_Notice.pdf[/URL] [/QUOTE]
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