No New Rescue Plan

Discussion in 'Central States Pension Fund Discussion' started by mud, May 19, 2016.

  1. Kennesaw Kid

    Kennesaw Kid Super Moderator Staff Member

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    If your 62, pull your SS Benefits......take tour pension at 62 if you have more than 29 years paid in and live......of there is only 10-12 years left in the fund they fo get it NOW!.....wait later and it might only be 4 or 5 years.....get a government job and CSPF cant touch you. ...stand up and take the plunge!
     
    Griz likes this.
  2. I got nothing

    I got nothing Member

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    Western States has a elected board, and can be voted out of a job if they fail, unlike Central States are appointed to a job until our money runs out. We are not allowed to hold them accountable.
     
  3. SuperCourse

    SuperCourse Well-Known Member

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    Don't know, maybe they didn't offer 30 and out.
     
  4. Dracula

    Dracula Well-Known Member

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    The problem is not everybody used the same bait or you would have had the same results. One guy was serious about catching fish, while everyone else was drinking beer, and now all the drunks think that someone owes them fish, because the guide promised them fish. It don't work that way.
     
    jimmy g likes this.
  5. Dracula

    Dracula Well-Known Member

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    We can go on and on but the real options are limited. The fund is not going to survive unless you get rid of the dead weight, the orphans. There is a plan to partition the orphans away from the fund. That plan seems reasonable to me.
     
  6. I got nothing

    I got nothing Member

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    The real problem is most are trying to save the fund by sticking it to one of the other groups, retired, orphans, still working.
    It has failed, get your piece of your pie and move on.
    It's done, face reality, shut it down, pay us each our share.
     
  7. Crystal

    Crystal Well-Known Member

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    Not looking to argue but just who are considered to be orphans? I don't think that anyone who earned their pension credits should be considered as orphans and thrown under the bus. Do you think that retirees from companies that shut down back in the 70s should be classified as orphans? I don't think they even had underfunding and withdrawal liabilities back then. Wasn't it Zollars that first came up with the so called pension orphan issue? Do you think that all YRCW retired Teamsters should be considered as 3 quarters of an orphan? I don't.
     
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  8. Dracula

    Dracula Well-Known Member

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    Granted, every option sucks. There is no good ending to this story.
     
  9. slavenomore

    slavenomore US Gov Hears Foreign Corps More Than Nonunions

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    [​IMG]
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    Last edited: Jun 11, 2017
    Crystal and pilot87 like this.
  10. slavenomore

    slavenomore US Gov Hears Foreign Corps More Than Nonunions

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  11. Griz

    Griz Well-Known Member

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    I'm with you KK. 1 1/2 years.
     

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