Yellow | Central States Fund Falls To $12.3 Billion -- Senate Action Needed

[Songremainsthesame]

They don't get it Elwood. They want those that took the pain up front to take another dose of pain for the benefit of those who didn't.

Were members of CSPF ever given an option to save the sorry mess before it got to where it is?

 

[Songremainsthesame]

Point taken. Should I who suffered a freeze on my pension as of 2009 and a significant reduction as of 2002, whose trustees took radical action twice, to meet their fiduciary responsibilities, suffer additional hardship?

Who knows, if all the money were piled into one big pot you might not have to suffer any additional hardship. I’m pretty sure it wouldn’t be funded at 100% but as long as it wasn’t considered to be critically underfunded all pensions might have a better chance of survival.

 

[mud]

I haven’t, and there’s a lot of things it gets spent on that I don’t agree with, but just because it gets spent without my approval doesn’t make it right. That being said, on this particular issue where there is the possibility of a solution that wouldn’t cost the taxpayer I definitely have an opinion.

https://explorer.usaid.gov/cd
Help the American tax payer first.

 

[the5tolls]

Were members of CSPF ever given an option to save the sorry mess before it got to where it is?

Yes and they voted NO.

 

[Songremainsthesame]

Yes and they voted NO.

I appreciate the information, I was not aware. I still believe something must be done, and done from within. Otherwise organized labor in trucking will be toast.

 

[seabreeze]

Who knows, if all the money were piled into one big pot you might not have to suffer any additional hardship. I’m pretty sure it wouldn’t be funded at 100% but as long as it wasn’t considered to be critically underfunded all pensions might have a better chance of survival.

I think this would be a better idea if I can be in charge of the pot.

 

[Crystal]

Who knows, if all the money were piled into one big pot you might not have to suffer any additional hardship. I’m pretty sure it wouldn’t be funded at 100% but as long as it wasn’t considered to be critically underfunded all pensions might have a better chance of survival.

Hypothetically if all funds were combined and out of critical status wouldn't it be easier for employers to withdraw?

 

[Big Dave]

Hypothetically if all funds were combined and out of critical status wouldn't it be easier for employers to withdraw?

Not if employer contributions were the main reason the funds are not in critical status.