Central States Pension has been saved.

[rod]

Teamsters Health and Welfare and Pension fund of Philadelphia and vicinity.

Gee-- that can't be too corrupt can it?

 

[MyTripisCut]

Gee-- that can't be too corrupt can it?

No less than any other. Ours is endangered but mostly from 2008 stock crash. It’s a multi employer fund.

 

[542thruNthru]

Teamsters Health and Welfare and Pension fund of Philadelphia and vicinity.

%70.9 funded is not too bad. I believe @Inthegame said that if it drops below %80 it's automatically put as endangered.

 

[Wally]

UPS should just stop paying into any pension. Ask for a bailout.

 

[Wally]

No less than any other. Ours is endangered but mostly from 2008 stock crash. It’s a multi employer fund.

Now they can invest like a hedge fund. No need to be responsible.

 

[rod]

UPS should just stop paying into any pension. Ask for a bailout.

Now that I got my bailout---no more bailouts Merica!!!!

 

[542thruNthru]

UPS should just stop paying into any pension. Ask for a bailout.

They did that already.

 

[oldngray]

Now that I got my bailout---no more bailouts Merica!!!!

Just watch out for someone following too closely behind you with a shovel

 

[rod]

They did that already.

What the hell is he talking about?

 

[542thruNthru]

What the hell is he talking about?

It's before your time youngster

 

[rod]

It's before your time youngster

I remember the whiteboard long haired guy that was the laughing stock of UPS commercials.

 

[Wally]

Now that I got my bailout---no more bailouts Merica!!!!

Were there any strings attached to the welfare?

 

[DELACROIX]

I'm sure UPS is a static over this baillock because that takes them off the hook for some of the underfunded liability they had

They should be doing a happy dance or gig along side the Teamsters leadership. Both of them been sweating bullets over this for decades.

I do not know if I am paranoid or just plain skeptical over this but I smell more Federal involvement than we know considering the history of these pension plans. Maybe both sides got slapped around a bit and made a deal to keep from being investigated on why this all happened.

I see a major shake up in Atlanta Corporate with an outsider being in control of the reins. Since Carol took over we had several high level corporate executives leave, some with a healthy severance package in order to keep quiet.

The Teamsters will be going through the same thing when Hoffa retires and the balance of power changes to the new guard.

 

[IVE GOTTA PACKAGE 4U]

They should be doing a happy dance or gig along side the Teamsters leadership. Both of them been sweating bullets over this for decades.

I do not know if I am paranoid or just plain skeptical over this but I smell more Federal involvement than we know considering the history of these pension plans. Maybe both sides got slapped around a bit and made a deal to keep from being investigated on why this all happened.

I see a major shake up in Atlanta Corporate with an outsider being in control of the reins. Since Carol took over we had several high level corporate executives leave, some with a healthy severance package in order to keep quiet.

The Teamsters will be going through the same thing when Hoffa retires and the balance of power changes to the new guard.

Everyone of the current Teamster guard is getting voted out

 

[IVE GOTTA PACKAGE 4U]

They did that already.

That's awesome

 

[rod]

Were there any strings attached to the welfare?

don't know yet---I'm sure there will be.

 

[542thruNthru]

Everyone of the current Teamster guard is getting voted out

You can keep your TDU boys!

 

[burrheadd]

see a major shake up in Atlanta Corporate with an outsider being in control of the reins.

Newsflash

there is already an outsider at the reins

 

[Wally]

don't know yet---I'm sure there will be.

Apparently not.

So how about those with no pension? Why aren't they getting the same as these badly run funds? What's the difference?

 

[burrheadd]

That's awesome

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