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<blockquote data-quote="brett636" data-source="post: 175221" data-attributes="member: 249"><p>Look at you acting like you know of what you speak. You can't even master basic english grammar in your posts yet your an investment and pension guru? I think not.</p><p> </p><p>Look up the word contribution and realize that UPS is contractually obligated to make a defined contribution into our pension fund. The fund for us is a defined benefit plan, meaning we have a defined benefit payed to us each month after we retire until we no longer exist. Now, our 401ks, IRAs, and other retirment investments we make outside of UPS are defined contribution. Meaning they are only worth what we contribute to them over the period that we hold the accounts, plus growth of course.</p></blockquote><p></p>
[QUOTE="brett636, post: 175221, member: 249"] Look at you acting like you know of what you speak. You can't even master basic english grammar in your posts yet your an investment and pension guru? I think not. Look up the word contribution and realize that UPS is contractually obligated to make a defined contribution into our pension fund. The fund for us is a defined benefit plan, meaning we have a defined benefit payed to us each month after we retire until we no longer exist. Now, our 401ks, IRAs, and other retirment investments we make outside of UPS are defined contribution. Meaning they are only worth what we contribute to them over the period that we hold the accounts, plus growth of course. [/QUOTE]
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