Central States going broke---

[burrheadd]

There you are....I thought maybe you got covid and passed away....alas not so. But to answer your question...no.

 

[quad decade guy]

@Integrity please help

Crying to a mod? OMG

 

[quad decade guy]

View attachment 323543

Never too late....

 

[BigUnionGuy]

Crying to a mod?

You do realize....

@Indecisi0n or @Integrity are not Moderator's ?


It's a running joke.

But, you are so smart.

 

[542thruNthru]

You do realize....

@Indecisi0n or @Integrity are not Moderator's ?


It's a running joke.

But, you are so smart.

Blasphemy!
@Indecisi0n is most certainly a Mod!

 

[Indecisi0n]

Blasphemy!
@Indecisi0n is most certainly a Mod!

When you are at my level off success there are always people trying to pull you back down. I continue to stay focused on my goals and keep moving forward.

 

[burrheadd]

Crying to a mod? OMG

@Indecisi0n take care of this

LMAO!!!

 

[burrheadd]

Blasphemy!
@Indecisi0n is most certainly a Mod!

This guy should be banned for even saying something like that

 

[burrheadd]

When you are at my level off success there are always people trying to pull you back down. I continue to stay focused on my goals and keep moving forward.

Beat mod ever hope you never change

 

[Big Rigger]

Blasphemy!
@Indecisi0n is most certainly a Mod!

but wait...

 

[Big Rigger]

You do realize....

@Indecisi0n or @Integrity are not Moderator's ?


It's a running joke.

But, you are so smart.

"self annointed".

 

[bowhnterdon]

Boom. Earned Benefit. Your whole Career you are told that this much $ was being put away for YOU when you retire. Hell, most guys were told in 1987 when the 401 was first available, you can do the 401, but you already have a Pension. I was one of the Lucky ones who did the 401 immediately after it was offered, even though we had to pay fees the first few years. I agree it is down right Criminal for someone who can’t go back to work, to have the Rug pulled out on what they were Promised...

 

[terry mac]

didnt the company buy its employees out of central states with close to 7 billion dollars then two years later added nearlly 4 billion, then shortly later add another 3 billion...

 

[IVE GOTTA PACKAGE 4U]

didnt the company buy its employees out of central states with close to 7 billion dollars then two years later added nearlly 4 billion, then shortly later add another 3 billion...

UPS did pay a boatload of money to exit the plan.

 

[Bubblehead]

didnt the company buy its employees out of central states with close to 7 billion dollars then two years later added nearlly 4 billion, then shortly later add another 3 billion...

No

 

[IVE GOTTA PACKAGE 4U]

No

Was it the number somewhere around $6 billion plus the company was still on a hook if a shortfall happened later on down the line?

 

[Bubblehead]

Was it the number somewhere around $6 billion plus the company was still on a hook if a shortfall happened later on down the line?

Yes $6 billion plus initially, but no more to Central States since.

 

[IVE GOTTA PACKAGE 4U]

Yes $6 billion plus initially, but no more to Central States since.

Are they still on a hook if the fund goes under for some of the retirees?
For some reason I remember the company potentially be on a hook for some additional liabilities

 

[Bubblehead]

Are they still on a hook if the fund goes under for some of the retirees?
For some reason I remember the company potentially be on a hook for some additional liabilities

Yes, UPS is "on the hook" for anyone who has retired under the contracts since, if Central States goes belly up.

 

[IVE GOTTA PACKAGE 4U]

Yes, UPS is "on the hook" for anyone who has retired under the contracts since, if Central States goes belly up.

That could be a lot of cash