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<blockquote data-quote="Bill" data-source="post: 122947" data-attributes="member: 5483"><p>First of all, do the math correctly. UPS contributes $214 per week per employee into your pension fund. That amounts to $11128 per year. Invested conservatively averaging 8% over 30 years, that comes to over $1.2 million. After you retire in 30 years, UPS stops contributing, but the money is still accruing interest. You are earning $96,000 per year in interest and receiving $7,000 per month or $84,000 per year. Your account is still growing. Now ask yourself this question: What is the Teamsters doing with your money? It's time for a change. Vote for the APWA and secure your future.</p></blockquote><p></p>
[QUOTE="Bill, post: 122947, member: 5483"] First of all, do the math correctly. UPS contributes $214 per week per employee into your pension fund. That amounts to $11128 per year. Invested conservatively averaging 8% over 30 years, that comes to over $1.2 million. After you retire in 30 years, UPS stops contributing, but the money is still accruing interest. You are earning $96,000 per year in interest and receiving $7,000 per month or $84,000 per year. Your account is still growing. Now ask yourself this question: What is the Teamsters doing with your money? It's time for a change. Vote for the APWA and secure your future. [/QUOTE]
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