central state pension

[oldngray]

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".

Your plan had better mob guys

 

[BigUnionGuy]

I hope that Big Union Guy doesn't see this...

I saw it.... so what.

All you will ever hear from me, is a "snort of derision" and laughter again.... at the sheer ignorance.

So perhaps Central should have diversified. Sounds like they did actually make "mistakes" but it doesn't affect me.

Diversified what ? Their investments ?

You do realize, Central States Funds doesn't do any of the investing ? Most major pensions hire firms

like say Goldman-Sachs.... to manage billions of dollars.


Can you imagine the Trustee's of the Fund (which is made up of Teamster and flunky management) being

able to do that ? The 50's and 60's are over. Big news break.

The biggest problem was the orphan plans that were allowed to leave without paying.

As you, I, @Thebrownblob, and numerous others have pointed out.

Not to mention.... for every dollar being contributed, 4 are being withdrawn.

That's the problem.

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".

We all know your thoughts on that. Just like your wish.... that members that live in area's with lower cost

of living, shouldn't be paid as much. That's some brotherly Union love right there my friend.


@Wally.... stick with what you do best. It entertains us.

 

[IVE GOTTA PACKAGE 4U]

I saw it.... so what.

All you will ever hear from me, is a "snort of derision" and laughter again.... at the sheer ignorance.



Diversified what ? Their investments ?

You do realize, Central States Funds doesn't do any of the investing ? Most major pensions hire firms

like say Goldman-Sachs.... to manage billions of dollars.


Can you imagine the Trustee's of the Fund (which is made up of Teamster and flunky management) being

able to do that ? The 50's and 60's are over. Big news break.



As you, I, @Thebrownblob, and numerous others have pointed out.

Not to mention.... for every dollar being contributed, 4 are being withdrawn.

That's the problem.



We all know your thoughts on that. Just like your wish.... that members that live in area's with lower cost

of living, shouldn't be paid as much. That's some brotherly Union love right there my friend.


@Wally.... stick with what you do best. It entertains us.

I blame @rod for milking that pension for 50 years

 

[BigUnionGuy]

I blame @rod for milking that pension for 50 years

Sad to say.... that's a reality.

These funds were never set up to sustain people living that long....

 

[Thebrownblob]

Sad to say.... that's a reality.

These funds were never set up to sustain people living that long....

I’ll have another double cheeseburger to help fund out!

 

[rod]

I blame @rod for milking that pension for 50 years

You're welcome.

 

[rod]

Not to mention.... for every dollar being contributed, 4 are being withdrawn.

That's the problem.

And 3 of those 4 are going to me--thank you.

 

[IVE GOTTA PACKAGE 4U]

Sad to say.... that's a reality.

These funds were never set up to sustain people living that long....

Just like social security

 

[rod]

Just like social security

I'm sucking that dry also.