Central States going broke---

[IVE GOTTA PACKAGE 4U]

STOP THE STEAL!!

Most of the pension problems are with the multi-employer plans

 

[1989]

Most of the pension problems are with the multi-employer plans

STOP THE STEAL.

 

[DELACROIX]

The ERISA law governing pensions in the 80's, 90's and early 2000's required plans to make improvements when funding levels exceeded 100%.

These guidelines were adjusted under the PPA of 2006 and further adjusted under MPRA of 2014.

I believe that if a pension plan reaches that 100% level it will have enough monetary funds in their kitty to pay the promised benefits without any further employer contributions according to their investment returns, which changes year to year.

 

[rod]

Pension age should have been raised to 65 with less benefits. Sucks, but should have been done.

That would have meant I would have had to work another 13 years and put me with 43 years at UPS. That wasn't in the cards. Are you going to be one of those who works 43 years at UPS?

 

[IVE GOTTA PACKAGE 4U]

That would have meant I would have had to work another 13 years and put me with 43 years at UPS. That wasn't in the cards. Are you going to be one of those who works 43 years at UPS?

friend* no
My name isn't @scratch

 

[rod]

friend* no
My name isn't @scratch

or @PT Car Washer

 

[oldngray]

friend* no
My name isn't @scratch

Of course not!

It's Dave

 

[ski or die]

Will be collecting first pension check March 1,2021. Hoping to collect 240 more. Rounds out to 1 million dollars. I will be 76.

Currently sitting at $819.000. Need about 5 more years to collect if I don't fall off the side of a mountain first.

 

[rod]

Pension age should have been raised to 65 with less benefits. Sucks, but should have been done.

I see @PT Car Washer agreed with you. Then again he has over 40 years in leaning on a mop for a few hours a day. That isn't quite the same as actually working full time.

 

[IVE GOTTA PACKAGE 4U]

Of course not!

It's Dave

You mother....

 

[Wally]

I see @PT Car Washer agreed with you. Then again he has over 40 years in leaning on a mop for a few hours a day. That isn't quite the same as actually working full time.

One day of that monotonous job is pure hell.

 

[Wally]

They cut our pension a few years ago
Including the retirees
People need to wake up and save some money for themselves because you can't
Always count on someone else to take care of you

We as a local voted to put part of our raise back into the fund.

Doubt any of these funds that want handouts did that.

 

[rod]

We as a local voted to put part of our raise back into the fund.

Doubt any of these funds that want handouts did that.

We were always giving up part of our raises for health care and pensions. Sorry Wally--you don't know what you are talking about--stick with your photo shopping--you are great at that.

 

[Wally]

We were always giving up part of our raises for health care and pensions. Sorry Wally--you don't know what you are talking about--stick with your photo shopping--you are great at that.

So after giving and giving since the mid 1980's, the pension is still wacked?

 

[PT Car Washer]

That would have meant I would have had to work another 13 years and put me with 43 years at UPS. That wasn't in the cards. Are you going to be one of those who works 43 years at UPS?

I hit the magic number a few months ago. Still have people ahead of me in seniority.

 

[1989]

We as a local voted to put part of our raise back into the fund.

Doubt any of these funds that want handouts did that.

What fund are you in? Did your raise allocation work/working? What is your annual accrual rate?

 

[1989]

I hit the magic number a few months ago. Still have people ahead of me in seniority.

Damn seniority sucks, you have to wait until they retire first?

 

[rod]

Damn seniority sucks, you have to wait until they retire first?

PT isn't going to retire---he will be buried there.

 

[IVE GOTTA PACKAGE 4U]

We as a local voted to put part of our raise back into the fund.

Doubt any of these funds that want handouts did that.

We lost part of our raises due to that also
But that is a bad deal for us and a great deal for company

 

[rod]

So after giving and giving since the mid 1980's, the pension is still wacked?

Where you been? Its been in all the papers