Will this be the last filing or the first of new crop looking to position their plan for bailout money?
According to the MPRA website the Warehouse Employees Union Local No. 730 Pension Trust out of Sparks, MD filed to cut benefits.
From their latest 5500:
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust
EIN/PN: 52-6124754/001
Total participants @ 12/31/19: 2,013 including:
Retirees: 1,029
Separated but entitled to benefits: 672
Still working: 312
Asset Value (Market) @ 1/1/19: $153,296,273
Value of liabilities using RPA rate (3.06%) @ 1/1/19: $474,757,777 including:
Retirees: $233,405,161
Separated but entitled to benefits: $157,595,714
Still working: $83,756,902
Funded ratio: 32.29%
Unfunded Liabilities as of 1/1/19: $321,461,504
Asset Value (Market) as of 12/31/19: $167,635,979
Contributions (MB): $4,543,502
Contributions (H): $3,879,728
Payouts: $20,567,862
Expenses: $1,586,335
Burypensions Blog 
Posted by E on March 28, 2021 at 12:03 am
https://www.foxnews.com/media/usa-today-editor-hemal-jhaveri-boulder-shooting
Glad this woman lost her job. Of course, like Harris’ niece, this lady offered no remorse for her racist statements. Again, glad she was fired.
Race and inclusion editor? Get lost lady.
Posted by MJF on March 28, 2021 at 12:45 am
So 312 warehouse workers are going to come up with $300 million. That’s nice dear, when are we going on that world cruise? As soon as Biden books our tickets. Good grief.
Posted by Rex the Wonder Dog!🐶🐶🐶🐾🐾🐾 on March 28, 2021 at 9:16 am
$300 million= Chump Change when it is OPM….
Posted by MJF on March 28, 2021 at 12:49 am
Carry permit or screw the permit and carry. I know some 80 year old gals with a pocket .32 in their purses.
Posted by Tough Love on March 28, 2021 at 12:58 am
Interesting company :….. you little devil ) 🙂
Posted by Rex the Wonder Dog!🐶🐶🐶🐾🐾🐾 on March 28, 2021 at 1:54 pm
I would never carry a firearm, and I am highly trained. Then again I can handle myself, at least in a fist fight/street brawl, but if a weapon ever came out after I kicked their ass and they pulled a firearm or knife, ala a Bernard Goetz, George Zimmerman or EG the Wussy, and they then tried to claim “self-defense”, it would/could be a major problem… 🐾🐾🐾
Posted by MJF on March 28, 2021 at 3:08 pm
Trouble is these psychos shoot from distance and randomly. Either shoot back or you are dead. Same with road rage cases, domestics etc. I’ll defer to E and Marine1 for their opinion. I have seen a few but no personal involvement.
Posted by E on March 28, 2021 at 6:10 pm
I carry very often now. Much more than I did even just a few years ago. I’m more pro gun than I was 2 years back. I think it would give some of these Asian attackers some pause.
Posted by NJ2AZ on March 28, 2021 at 11:39 am
i think its like 17 or 18 states now with no-permit carrying.
Living in a state that scrapped its carry permit requirement, i can attest that the streets in fact did NOT turn into a bloodier version of Venice…..almost as if scrapping laws that bad guys ignore anyway isn’t a problem
Posted by Rex the Wonder Dog!🐶🐶🐶🐾🐾🐾 on March 28, 2021 at 9:15 am
https://www.foxnews.com/media/usa-today-editor-hemal-jhaveri-boulder-shooting
Glad this woman lost her job. Of course, like Harris’ niece, this lady offered no remorse for her racist statements. Again, glad she was fired.
Race and inclusion editor? Get lost lady.
Shocked Ms Hemal Jhaveri hates Whitey… 💖💖💖
Posted by E on March 28, 2021 at 1:03 pm
I know. I have zero interest as to what she says about race or inclusion. Lol.
Posted by Tough Love on March 28, 2021 at 12:46 am
John,
I don’t understand the reason for this filing. One would think that this Plan (with a 32.29% funded ratio) clearly meets the “in critical status” criteria, and would therefore automatically qualify for part of the Taxpayer-forced gift of $86 Billion (aka “Bailout”)
So why file for a benefit cut when doing so isn’t a requirement to participate in the Bailout ?
Posted by burypensions on March 28, 2021 at 6:45 am
MPRA website has date of submission as February 26, 2021 but it only appeared now so this really may be the last filing.
Posted by Breaking News: Another MPRA Filing – Actuarial News on March 28, 2021 at 6:29 am
[…] Posted on March 28, 2021March 28, 2021 by Mary Pat Campbell Breaking News: Another MPRA Filing […]
Posted by Tough Love on March 28, 2021 at 10:46 pm
Dr. Deborah Birx, who served as the White House coronavirus response coordinator under former President Donald Trump, said in a CNN documentary clip released Saturday that she thinks the United States could have saved the hundreds of thousands of lives lost to Covid-19 following the pandemic’s first surge.
So far during the pandemic, the United States has seen more than 548,000 deaths due to Covid-19.
“When you look at your data now and you think, ‘OK, had we mitigated earlier, had we actually paused earlier and actually done it’ – how much of an impact do you think that would have made?” CNN Chief Medical Correspondent Dr. Sanjay Gupta asked Birx during an interview for the documentary “COVID WAR: The Pandemic Doctors Speak Out.”
“I look at it this way – the first time we have an excuse. There were about 100,000 deaths that came from that original surge,” Birx said. “All of the rest of them, in my mind, could have been mitigated or decreased substantially.”
In other words, the Trump administration and the country could have done more.
——————————–
Who do you think is largely is “responsible” for the other 400,000+ COVID Deaths ?
Posted by PS Drone on March 29, 2021 at 12:33 pm
Read this and you can figure it out:
https://market-ticker.org/akcs-www?post=241893
Posted by MJ on March 29, 2021 at 7:46 am
Well TL, according to CDC stats, would not have made much difference at all. Covid-19 stats as far as deaths, cases, etc. are about the same today as they were back then and that’s AFTER the lock downs, mask wearing, school closures, social distancing, etc.
Is this the same Deborah Brix who broke her own rules and visited family and grandchildren in DE over Thanksgiving? and then tried to worm her way out of it?
Again, there is a difference between dying directly from Covid-19 and dying with Covid-19. Fear mongering sells better than positivity and common sense.
And of that supposed 400k, maybe Cuomo and Murphy need to be held criminally responsible for sending all of those poor old people to their deaths and that’s just what we know about
Posted by Tough Love on March 29, 2021 at 10:33 am
There is no question that, given the age and underlying conditions of many who died from COVID, that their deaths might have come anyway within a few months or years.
Do you think those who lost their love ones sooner than necessary and couldn’t comfort them in those last days and hours are OK with that ?
And of course the significant number of middle age and younger (and a few children) who died completely unnecessarily.
Why do you EVER stand up for Trump …… clearly the moost defective person ever to be America’s President ?
———————
I agree that both Cuomo and Murphy made horribly WRONG decisions by sending recovering Covid patients to nursing homes……… and there should be accountability for that. But it’s the “masks make me look weak” mentality as the driving reason for Trump’s stupid decisions/actions that makes Trump SO much worse.
Posted by Tough Love on March 29, 2021 at 11:31 am
Article: “America’s pandemic dead deserve accountability after Birx disclosure”
The first 2 paragraphs ………….
“The hundreds of thousands of citizens whose deaths from Covid-19 could have been avoided are owed national and political accountability, but the polarization of America that exacerbated the pandemic threatens to deprive them of their due.
A haunting admission by Dr. Deborah Birx in a new CNN documentary that after last year’s first infectious wave, the death toll could have been substantially reduced, will prove harrowing for those who lost loved ones. It also throws new scrutiny on the negligent management of the pandemic by former President Donald Trump and his willingness to put economic and political goals above science and the public well-being.”
Read more here ………….
https://www.cnn.com/2021/03/29/politics/coronavirus-deborah-birx-donald-trump-joe-biden/index.html
Posted by MJ on March 29, 2021 at 12:52 pm
TL, I didn’t say anything about Trump, you did but I’m sure you intent was to bait bloggers into joining your TDS
It’s unfortunate that anyone had to die from anything while being separated from their loved ones but that’s what happened and there isn’t anything anyone can do about it.
It’s also unfortunate that you want to blame Trump when the reality is that nobody really knows what any administration would have done differently considering this was a new and novel virus and it seems the red states who were the least compliant seem to be faring okay. Also seems that the European countries who took immediate lock downs, masks, etc are considering locking down again…go figure, I guess all of the immediate action wasn’t so helpful after all
Let’s see if Murphy or Cuomo are investigated and charged before passing your judgement. I think we know what the answer will be.
Posted by Tough Love on March 29, 2021 at 2:35 pm
Quoting ………….
“It’s also unfortunate that you want to blame Trump when the reality is that nobody really knows what any administration would have done differently considering this was a new and novel virus and it seems the red states who were the least compliant seem to be faring okay. ”
Oh please ……….. the lead, the “setting” ……….. was set by Trump early on ……. by CHOOSING to ignore the recommendations of his scientific/medical advisors and instead do what was POLITICALLY most beneficial to HIM.
NOBODY could have …. or intentionally WOULD have ….. chosen more poorly.
———————
The European lock-downs worked very well ………. until their populations began to ignore them (just like the red-neck idiots in America).
Posted by MJ on March 29, 2021 at 1:01 pm
PS Drone, excellent article but you will never convince those who refuse to see and understand
The updated CDC stats clearly show that we are no better off today than we were last year as far as diagnosed cases, deaths, etc. so much for the shut downs, masks and closures
TL, don’t forget that Covid-19 allowed all of your blue state pensions to be bailed out with the blink of an eye, Covid was nothing more than a political cluster f==k that unfortunately affected mainly the elderly, small businesses and those who already had pre-exisiting illness
Fear, panic and negativity is the narrative and that sells via the MSM
Posted by MJ on March 29, 2021 at 4:29 pm
Wrong again TL
Read what Biden’s health commissioner is saying….4th wave coming worse than before, mask mandates to stay in place, Biden saying we should stop re-opening
Fear, negativity, and with millions upon millions vaccinated
And NO, the European lock downs did not work well, same as here
Posted by Tough Love on March 29, 2021 at 5:09 pm
Quoting …………
“mask mandates to stay in place”
What good are “mandates” if the idiots don’t follow them ?
And WHO made this into a “political” statement ?
Come-on ………… you’re just being stubborn.
Posted by MJ on March 29, 2021 at 5:45 pm
Here ya go TL
https://www.aol.com/news/cdc-director-speaks-impending-doom-153120133-155036670.html
Impending doom and after I got my two vaxes Oh No Not Again!!!
Posted by Tough Love on March 29, 2021 at 6:55 pm
Sure, because people like the Spring Breakers refuse to wear a mask and socially distance.
So again ………… “And WHO made this into a “political” statement ?”
Answer ……….. the fat fuck who thinks golfing (in a cart) is exercising.
Posted by E on March 29, 2021 at 8:57 pm
TL….you do like to bait MJ, Rex and PS with the Trump stuff. It’s just your way. Lol. You do the same with the pensions with Me. That’s fine. You’re just looking to start a dialogue and “vent”.
I even like the fat fuck comment. I thought you talking about Christie for a second. Haha.
That said, you aren’t right all the time. These guys are kinda right. We are 13 months into this thing and school has been closed in some districts for a year. People are getting lazy. They are getting fatter. They aren’t dating, etc. I say, keep the masks but open stuff to 75% May 1 and 100% by July 1. Then we lose the masks in the fall. It’s gotta end sometime regardless of how many cases there are. For almost 25 years I never wore a mask on a medical call, yet always wore rubber gloves on them even if no blood etc. going forward when masks are no longer needed, I and all first responders will probably keep masks in their bag or witb the gloves and wear them. Not on a broken ankle call, but on anything respiratory in nature. I never got sick from a call, but it makes sense going forward.
Posted by Tough Love on March 29, 2021 at 9:44 pm
Just giving my opinion of Trump ……….. seems to be Drs. Brix and Fauci’s opinion as well, so I’m in good company.
P.S. I was SURE that you would find my “fat fuck” comment re Trump amusing. 🙂
Posted by MJ on March 30, 2021 at 6:33 am
Dr. Birx, the same one who broke protocol to travel to DE to visit with her family and grandchildren for Thanksgiving while the rest of us were advised to quarantine from family? Birx and Fauci, too life long political hacks who change the rules regularly and want to stay in the MSM lime light
Are we supposed to be wearing one mask or two? I can’t keep up with all of the constantly changing recommendations
The vaccines are 90% effective according to Phizer and Moderna and as millions of people a day continue to get vaxed then common sense would dictate that things should be improving not going in the other direction. That alone would suggest that the lock downs and closures where complete nonsense. Excuse for bail outs, all very well orchestrated.
Read Drone’s article and then post your sources for anything that you disagree with.
E is correct, at some point we just all need to move on it’s been over a year. Old news.
Posted by Tough Love on March 30, 2021 at 1:03 pm
What ? The lockdowns mostly PRECEDED any substantive vaccination.
Quoting ….. “at some point we just all need to move”
I agree, and we’ll get their faster if the still-unvaccinated get vaccinated, and we ALL continue to wear mask and socially distance for a few more months.
Posted by MJ on March 30, 2021 at 2:15 pm
TL, you missed my point…of course the lock downs were pre-vax but now that millions upon millions have been vaccinated the numbers are still increasing to where they were at this time last year.
I”ll wait for your rebuttal to Drone’s article…….
Posted by Tough Love on March 31, 2021 at 3:32 am
MJ,
Another VERY good reason to continue wearing masks (maybe 2) and socially distance.
Sure, may it won’t come here or be so bad, but maybe it will.
https://www.cnn.com/2021/03/31/health/us-coronavirus-wednesday/index.html
Posted by Rex the Wonder Dog!🐶🐶🐶🐾🐾🐾 on March 31, 2021 at 7:40 pm
Your stupid ass can wear as MANY MASKS as your heart desires, just don’t try to FORCE your bullshit on the rest of us….🤦♂️🤦♂️🤦♂️
Posted by Tough Love on April 1, 2021 at 1:23 pm
Many of your comment DEFINE “stupid”.
Posted by Rex the Wonder Dog!🐶🐶🐶🐾🐾🐾 on April 1, 2021 at 11:18 pm
Right Lefty, whatever you say 🤮🤮🤮
Posted by Multiemployer Pensions: Will the Recent Bailout Destroy Pensions (in the Long Run)? – Actuarial News on April 6, 2021 at 6:05 am
[…] taken down the PBGC. The puny plans like Warehouse Employees Union Local No. 730 Pension Trust (total liability amount: $474,757,777) are drops in the bucket compared with Central States (total liability amount: […]