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apwa
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<blockquote data-quote="wily_old_vet" data-source="post: 84212" data-attributes="member: 2183"><p>DBoy-The point I was trying to make with my example was that people who are under the vesting point in their plan would have to start from scratch with a change to APWA UNLESS there is an accomodation made for this. That was my questiont to No Spin. Now to what you were saying about the pool of money for the already retired. If current money coming in has no part in what is paid out to current retirees then why would my payment go down if APWA succeeded in taking over? Isn't that part of the total in the plan enough to cover my pension until I no longer draw it? If it isn't that means that current payments into the plan are used for current retirees just like Social Security. Also why is the gentleman drawing $62 a month paying union dues? Are you? I'm not.</p><p></p><p><em><strong>The main point I am trying to get across to those reading these posts who haven't yet retired is this. <span style="font-size: 15px">MAX OUT YOUR 401K CONTRIBUTION!!!<span style="font-size: 10px"> That way when the time comes for you to retire you don't have these kind of worries.</span></span></strong></em></p></blockquote><p></p>
[QUOTE="wily_old_vet, post: 84212, member: 2183"] DBoy-The point I was trying to make with my example was that people who are under the vesting point in their plan would have to start from scratch with a change to APWA UNLESS there is an accomodation made for this. That was my questiont to No Spin. Now to what you were saying about the pool of money for the already retired. If current money coming in has no part in what is paid out to current retirees then why would my payment go down if APWA succeeded in taking over? Isn't that part of the total in the plan enough to cover my pension until I no longer draw it? If it isn't that means that current payments into the plan are used for current retirees just like Social Security. Also why is the gentleman drawing $62 a month paying union dues? Are you? I'm not. [I][B]The main point I am trying to get across to those reading these posts who haven't yet retired is this. [SIZE=4]MAX OUT YOUR 401K CONTRIBUTION!!![SIZE=2] That way when the time comes for you to retire you don't have these kind of worries.[/SIZE][/SIZE][/B][/I] [/QUOTE]
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