NE Pension Fund in Critical and Declining Status for 2022-2023 Plan Year

[pkgdriver]

If you started young 40 or 45 years is a long time at this place

Thats a long time anywhere.
Started at 20 done at 56.
Boom…Done

 

[IVE GOTTA PACKAGE 4U]

Thats a long time anywhere.
Started at 20 done at 56.
Boom…Done
View attachment 424700

Rookie

 

[pkgdriver]

Rookie

 

[Thebrownblob]

If you started young 40 or 45 years is a long time at this place

18

 

[UnionStrong]

18

Scrubbing feedah drivers?

 

[542thruNthru]

18

Started at UPS at 18?

 

[Thebrownblob]

Started at UPS at 18?

Yep

 

[IVE GOTTA PACKAGE 4U]

18

You put in 35 years and you still won't have enough time to retire.

 

[Thebrownblob]

You put in 35 years and you still won't have enough time to retire.

Ridiculous, isn’t it?

 

[IVE GOTTA PACKAGE 4U]

Ridiculous, isn’t it?

It's not so much your age it's the wear and tear you put on your body over the decades

 

[Thebrownblob]

It's not so much your age it's the wear and tear you put on your body over the decades

Over 50 now, still in pretty good shape, but definitely feel it more.

 

[IVE GOTTA PACKAGE 4U]

Over 50 now, still in pretty good shape, but definitely feel it more.

You can do 10 more years...

 

[Over70irregs]

Not happening

 

[Thebrownblob]

You can do 10 more years...

No

 

[IVE GOTTA PACKAGE 4U]

No

P*

 

[Thebrownblob]

P*

So

 

[Brownwind]

So

Are you all in this supplement plan? Seems complicated

 

[Thebrownblob]

Are you all in this supplement plan? Seems complicated

Nope I’m in central states for some of mine the rest is in the UPS plan

 

[Brownwind]

Nope I’m in central states for some of mine the rest is in the UPS plan

Retirement will come for us soon enough then we will wish we were younger.
Can’t wait for that first year of adjusting to retirement

 

[BrownFlush]

I need to be educated on what this means. It looks like this has been going on for atleast a few years if not more because I saw the same message a few years ago. I know its not good news, but is it really that bad? I havent worked at UPS for about 6 years and I'm only 41 years old, so I'm still a long ways from collecting my pension. Based on this news, what concern should I have for being able to collect my pension in 20+ years?

Don't worry.
I've been drawing from a critical fund for 14 years. The money will always be there.
We're Teamsters. We know people.