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How can we protect future UPS workers?
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<blockquote data-quote="Xexys" data-source="post: 1326676" data-attributes="member: 47259"><p>So, let's take your pension then as an example. You've stated that you'll get $5700/month when you retire, or $68,400/year. Multiply that by say 30 years to put you at close to 90 yrs old and you'll earn nearly 2 million just in retirement benefits. Even with UPS matching future teamsters 401k up to say 6%, you'll be hard pressed to earn 2 million in the 401k. Good luck with that. You'll have to be the luckiest investor on the planet to put away enough money to make up that kind of money.</p><p></p><p>Keep giving up those concessions people.</p></blockquote><p></p>
[QUOTE="Xexys, post: 1326676, member: 47259"] So, let's take your pension then as an example. You've stated that you'll get $5700/month when you retire, or $68,400/year. Multiply that by say 30 years to put you at close to 90 yrs old and you'll earn nearly 2 million just in retirement benefits. Even with UPS matching future teamsters 401k up to say 6%, you'll be hard pressed to earn 2 million in the 401k. Good luck with that. You'll have to be the luckiest investor on the planet to put away enough money to make up that kind of money. Keep giving up those concessions people. [/QUOTE]
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