1989
Well-Known Member
So central states on only has 3 employers contributing today?I am merely stating that it is a multitude of factors with the Federal government being a common denominator. The Federal Government needs to own up to their responsibility in this, pay the retirees, adopt hard set rules on fund stability, and leave it alone.
Fun Fact- “If you look at the top 50 employers in 1980, now only three of them still exist (in the plan),” Tom Nyhan, executive director of the Central States fund, told Bloomberg Law.
Do you realize that when companies stop contributing, the benefits stop accruing? Those employees most likely won’t qualify for early retirement and therefore benefits are postponed by a decade or longer.