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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: 2566164" data-attributes="member: 60822"><p>I can only use the new UPS/Teamster plan that replaced the Central States fund as an example (below) since I don't have access to the plan's statements...</p><p><strong></strong></p><p><strong>UPS/Teamster plan (replaced Central states plan)</strong></p><p><strong>Under the old accounting rules the plan would have been only 78.6% funded.</strong></p><p><strong>Under the new accounting rules the 1 trillion dollar shortfall = 103% funded</strong></p><p><strong></strong></p><p><strong>Make no mistake, there was still a trillion dollar shortfall, the only thing that changed was the interest rate assumption.</strong></p><p>-----------------------------------------------------</p><p>What is your plan's assets vs liabilities?</p></blockquote><p></p>
[QUOTE="35years, post: 2566164, member: 60822"] I can only use the new UPS/Teamster plan that replaced the Central States fund as an example (below) since I don't have access to the plan's statements... [B] UPS/Teamster plan (replaced Central states plan) Under the old accounting rules the plan would have been only 78.6% funded. Under the new accounting rules the 1 trillion dollar shortfall = 103% funded Make no mistake, there was still a trillion dollar shortfall, the only thing that changed was the interest rate assumption.[/B] ----------------------------------------------------- What is your plan's assets vs liabilities? [/QUOTE]
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