central state pension
- Thread starter burco8080
- Start date
Perhaps
UnionStrong
Sorry, but I don’t care anymore.
Maybe you don’t hear so good, I said it was paid back with interest. Capeesh?
542thruNthru
Well-Known Member
Sounds like a mistake to me...
Dissolution of Central States Funds' Consent Decrees | Central States Pension Fund
Dissolution of Consent Decrees
Thebrownblob
Well-Known Member
It worked out, our fellow brothers and sisters out west happily made up the difference!
UnionStrong
Sorry, but I don’t care anymore.
YepIt worked out, our fellow brothers and sisters out west happily made up the difference!
542thruNthru
Well-Known Member
I'm just saying. You don't put all your egg in one basket and then blame others when it gets knocked over.It worked out, our fellow brothers and sisters out west happily made up the difference!
Concentrating on one craft is short sighted laziness.
WCTP was established 1955. I wonder how they survived deregulation.
UnionStrong
Sorry, but I don’t care anymore.
That’s not our fault. Youse couldn’t manage your money.Dissolution of Central States Funds' Consent Decrees | Central States Pension Fund
Dissolution of Consent Decreesmycentralstatespension.org
Thebrownblob
Well-Known Member
“Trucking deregulation didn't hit the Western Conference the same way because it had a more diverse employer base”I'm just saying. You don't put all your egg in one basket and then blame others when it gets knocked over.
Concentrating on one craft is short sighted laziness.
WCTP was established 1955. I wonder how they survived deregulation.
Understanding The Central States Pension Plan's Tale Of Woe
The Central States Pension Fund is projected to become insolvent in seven years. How did this happen?
www.forbes.com
Pretty good article detailing.
542thruNthru
Well-Known Member
Ding ding ding! We got a winner!“Trucking deregulation didn't hit the Western Conference the same way because it had a more diverse employer base”
Understanding The Central States Pension Plan's Tale Of Woe
The Central States Pension Fund is projected to become insolvent in seven years. How did this happen?
Pretty good article detailing.
oldngray
nowhere special
Yet Central States made more money with the mob than it did after the government took over.
bottomups
Bad Moon Risen'
Deregulation didn't just affect Central States. There is trucking in other locals as well. My pension fund didn't need a bailout.
My local is increasing retiree pensions next year.
Thebrownblob
Well-Known Member
Read the article
What'dyabringmetoday???
Well-Known Member
I hope that Big Union Guy doesn't see this...
Thebrownblob
Well-Known Member
He did, we already went over it. Talk to the people who set Central states up in the 50s not us lol. Was heavily in the trucking industry. Not a lot of other things clearly that changed over the years, but the damage was done many years before that.
What'dyabringmetoday???
Well-Known Member
So perhaps Central should have diversified. Sounds like they did actually make "mistakes" but it doesn't affect me.
oldngray
nowhere special
The biggest problem was the orphan plans that were allowed to leave without paying.
Thebrownblob
Well-Known Member
The mistake was believing that the government was never going to deregulate. Promises made promises not kept. And yet we still believe them.
Wally
BrownCafe Innovator & King of Puns
If might if other Teamsters start eyeballing your pension left and right and decide, "you have enough, we are giving your negotiated pension contributions to another pension fund".
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