Swing and a miss.......and if UPS had not withdrawn and the fund went belly up anyway UPSers, both active and retired, would have been SOL.
The company did the right thing for their employees and retirees.
Swing and a miss.......and if UPS had not withdrawn and the fund went belly up anyway UPSers, both active and retired, would have been SOL.
The company did the right thing for their employees and retirees.
How deep do you assume those cuts will be?Once the cuts are made the fund will be on the way back to solvency.
Hoffa 1- pension, Hall 3- pensions, O - at least 2
The thousands of officials drawing multiple pensions had a lot to do with the decline of Central States
Multiple pensions don't come from the same bucket, so even if the named parties enjoy the alleged pensions, that hasn't had any impact on the Central States decline.
Some (or most) TDU people....
Don't understand the difference, between a pension and a severance.
Why didn't your hero fix it? Oh wait he was in on it and good with it.Bug , all you have to do is look up their positions, and if they are vested in it. International vice president, local president, and president of a joint area council, where does that money come from when they retire. I know a agent that is drawing from two different locals. Zuck is no different. Don't blame Carey for a problem that hoffa has had since 98 to fix?
Sent using BrownCafe App
So, do you feel that it needs fixing?Why didn't your hero fix it? Oh wait he was in on it and good with it.
No one "let UPS out of Central States"----the company saw the writing on the wall and had the financial means to do the right thing for their employees and retirees.
You have no way of knowing whether this is true or not but, based on prior results, I would have to think that CS would have gone under had it not been for the $6.1B infusion.
Are you in a multi-employer pension fund or a single employer UPS pension fund?
Which way is it trending?Multi-employer which is just under 50% funded.
Which way is it trending?
Do you think that would be the case if UPS were allowed, at any juncture, to pay their withdraw liability and exit the plan?Our BA sounded optimistic that it should be in the 65-70% range within the next 10-20 years.
In what way?So, do you feel that it needs fixing?
Why didn't your hero fix it? Oh wait he was in on it and good with it.
So, do you feel that it needs fixing?
In what way?
Then take your ball and go home. Who cares.2 or 3 guys on brown cafe aren't going to decide my vote, waste of time
Sent using BrownCafe App
The fix is probably going to be painful for some time? We didn't get here overnight.I think I know, but I don't want to put words in your mouth.
You tell me?