Central States Fund: $15.45 Billion

Discussion in 'YRC Freight' started by Freightmaster1, Aug 3, 2017.

  1. Freightmaster1

    Freightmaster1 Well-Known Member

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    http://www.tdu.org/central_states_fund_15_45_billion

    The first quarter 2017 Financial and Analytical Report of the Central States Pension Fund shows that it has treaded water over the past 12 months, due to a booming stock market. But that situation cannot last.

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    The Quarterly Report of the Independent Special Counsel reflects the seriousness of the situation. In fact, the Fund, on the advice of its fiduciary, Northern Trust Investments, is now decreasing its investments in stocks. This will likely yield lower returns, but should help protect the fund from any potential stock fall, as its assets dwindle in the coming years.

    The fund’s $15.45 billion is 48% in stock holdings; last year it was 65%. Over the 12 months ending March 31, 2017, the fund made 12.1% on its investments, due to the fact that 2016 and early 2017 have seen a run-up in stocks. (The fund made 16.6% on its stock holdings in that year.)


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    :kicking:
     
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  2. Shutter Down

    Shutter Down Active Member

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    Stock market at all time high so they move money out morons should not of read this now I'm going to take it out on some freight.:poster oops:
     
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  3. Bart

    Bart Well-Known Member

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    Record territory for the stock market and we pull out of the game! Can't wait to see the bounce if tax reform passes.
     
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  4. bigtruk_us

    bigtruk_us Well-Known Member

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    It looks to me like a scam.Just saying.You would think that while stock market is hot you'd kind of keep rollin.But that hedge fund operator Scaramouchi is back out there so it's better to be cautious.i guess
     
  5. yrc-atm

    yrc-atm commodities relocator

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    You are a complete ass. And you are full of :shit:.
     
  6. mysticobra

    mysticobra Just here.

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    My 401 has increased grocery money in it. May not be for long. But it sure is nice to hear my total in there over the phone!
     
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  7. dreambecamenightmare

    dreambecamenightmare Active Member

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    I hesitate reading any info on cspf. Their actions seem to be azzbackwards. Work all your life just to be screwed. Sick of it.
     
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  8. wongway

    wongway -15% Pay & Broke Pension Fund

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    Think of the money they would have in there IF Hoffa didn't let UPS out of the fund !! DUH Hoffa !!
     
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  9. Bart

    Bart Well-Known Member

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    Think of the money you would have in the bank if you put them weekly contributions away in your name for 20,30,or for some of us 40 years $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
     
  10. Shutter Down

    Shutter Down Active Member

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    If they would of just let Yrc go out of business we would of been lock in the old plan and no cuts no age restrictions that right from Tyson. I come in to reep havoc even the old hostlers don't even pretrip for drivers anymore the just walk around for the camera and put it on the line after a hour and half hook. It's time we do the screwing because we can never screw them like they screwed us. If you want to come in and work more power to you. You never get back what you give up never never ever.
    And for you Yrc-ATM I am not doing anything productive and they can't make me. I have seen fighting, sleeping and stealing time and there still right beside me every day. My eyes are not like they use to be and I just can't seem to fine them skid runners but I can hear the cracking and bending of freight music to my ears.

    #dontgetmadgeteven
     
  11. yrc-atm

    yrc-atm commodities relocator

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    Bragging about destroying other people's property. Something to be proud of. What are you 7 years old?
     
  12. wongway

    wongway -15% Pay & Broke Pension Fund

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    Ok , some of you Expert guys on here , can help & correct me with this Math problem , So IF IF IF they was putting that full weekly pension contribution in a 401-K or Bank CD of say just 3% growth how much would each one of us have after 30years ?? and plus we would have control over it not Nyhan & Hoffa !! and plus they would have been saving money not paying Nyhan !!
     
  13. Bart

    Bart Well-Known Member

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    There are to many variables for a simple answer! With that being said given the large amount of contributions given to CSPF and a reasonable return on investment one could safely say you would be a millionaire and quite possibly a multi-millionaire!
     
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  14. Triplex

    Triplex Experienced stalker

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    Like Bart said, too many variables to give you a quick answer. First off, the weekly pension contributions have varied over the thirty years. If you can provide a table of the actual contribution values and when they were in effect it might be possible to give you an approximate answer.
     
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  15. BIG R GUY

    BIG R GUY Last, bag standing

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    Woulda, coulda,shoulda... if the union had monitored the Wall Street clowns in charge of the fund back in the 90's,something should have been done then, and not when the roof is caving in like it is now....
     
  16. Triplex

    Triplex Experienced stalker

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    Wong, just to give an example: If you put $50 per week into an account paying 3% interest, after 30 years you'd have about $126,000 in the account. That amount left in that 3% account would get you monthly payments of about $700 for 20 years before it's gone.
     
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  17. wongway

    wongway -15% Pay & Broke Pension Fund

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    Agree and that's my point is If it was put into a personal 401-K account we all would have money to retire on !!
     
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  18. mud

    mud Wonderin'

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    This is something you could of, and can still be doing on your own.
     
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  19. dreambecamenightmare

    dreambecamenightmare Active Member

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    Let's see. Company 15%, 401K 15%. That's living on 17 hr.
     
  20. wongway

    wongway -15% Pay & Broke Pension Fund

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    True , but that was what the Teamster's talked up over the years was the pension !
     

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