Ahh Ita be ota.

Are you in the NY state or Allied funds? If so then your fund is in great shape, it will not run out of money. And IMO no Teamster's MEPFs will run out of money. Some funds will have to make changes to be in compliance with the new pension laws. but none of them will run out of money.


Not true, those of you collecting pensions earned that money & it has been sitting in the fund since you left in 1986. The MEPF is not a "pyramid scheme"................It ain't so.

Are you implying that the money to pay those union officers $100,000 a year is coming out of the pension fund?

Well yes I'm in the fund thats controled by New York,and New Jersey.
But I did receive a cover letter,and report about our fund in booklet form around the first week of December last year.

the letter stated that the government makes unions report on how good their funds are doing.

In the letter it also stated our fund is very good for another 9.4 years,if no other companies had employees joining,and they would pay into it for them.

I'm 64 now so if its good for that long I may,or may not still be around to see what happens next.

Although when I pass my wife will be getting half of it till she draws here last breath.

Yeah what the heck,I'm not going to worry about it.
Whatever happens,happens,and there isn't really anything we can do about it.

When the union officials were warming us UPS Freight workers to the fact we'd be better off in the union.
Our local here in Upstate New York held an information meeting.
The VP told me that my break in service was to long to do me any good for additional payments going into to pension fund for me.
I'd have to be revested which would have taken 5 more years after they had a signed contract from UPS.
Well now I think that just happened,but I retired the first of April so it doesn't effect me now in any way.

I'm thankful for what I'm receiving,once I get my bills paid off it will be a lot easier living on it.
My wife is still going to work another 8 years to help us out,so we are good even with everything going skyhigh because of the rising gas prices.

I don't understand that 9.4 year figure. I thought that the new pension reform act requires that all MEPFs are to be fully funded within 5 to 7 years. That is why some of the weaker funds are having to make some drastic changes in order to be in compliance.

APO, if I'm not mistaken, I think your in the NYS fund, not NY-NJ. The whole state except for NYC. I have some time in 118 in Roch so I'm pretty sure I'm right.