Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
No tax on overtime
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Thebrownblob" data-source="post: 6156129" data-attributes="member: 60485"><p>Like I said, we were taking care of orphan companies with that money and an economic downturn wiped much of it out, and the pension trustees were not allowed to invest later on in stocks that were growing because of the “risk”. </p><p></p><p>Then around 2010 they started devising a plan to reduce pensions, which eventually was shot down by the government in 2015 I believe. They said it was a defined pension and they were not allowed to reduce the payment even though the fund was projected to be bankrupt in 10 to 15 years. </p><p></p><p>There’s a lot more involved in this and that’s just off the top of my head.</p></blockquote><p></p>
[QUOTE="Thebrownblob, post: 6156129, member: 60485"] Like I said, we were taking care of orphan companies with that money and an economic downturn wiped much of it out, and the pension trustees were not allowed to invest later on in stocks that were growing because of the “risk”. Then around 2010 they started devising a plan to reduce pensions, which eventually was shot down by the government in 2015 I believe. They said it was a defined pension and they were not allowed to reduce the payment even though the fund was projected to be bankrupt in 10 to 15 years. There’s a lot more involved in this and that’s just off the top of my head. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
No tax on overtime
Top