Discussion in 'Central States Pension Fund Discussion' started by Freightmaster1, Apr 20, 2017.
I don't know if it is as bad as all that. The pension fund is still worth over $15 Billion and the number of retirees is very slowly declining. Also, if I understand the chart, the number of active members seems to be increasing (probably due to an increasing economy). So more money is being paid in (slowly) and less money is being paid out (slowly) leads to an eventual increase in the fund stability. And if YRC ever gets to the point that they are paying their full amount, then it seems to me the fund may become sustainable.
15.3 billion divided by 409,000 people in the fund = $37,408 per person in a onetime payout. Not enough to fund a retirement.
I know that's not how it works, but it shows we're broke... when Yellow laid me off in 08, we had over 22 billion.
YRC making the full contribution would make a huge difference!
Wow, 38 billion added to Central States 15 makes 53 billion..... I know,I know just kidding.
Don't kid. It might happen.
Double check your math Jimmy. 15.3 billion divided by 409 will equal 37.4 million each. But 15.3 million divided by 409 will equal $37,408. LOL you dropped three zeros from your original calculation.
You better double check your math my friend.
My thirteenth check arrived today. I retired from YRC ABQ. in 2009. Since then, some of my old YRC friends have left for ABF, and a full pension.