Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
IAM pension plan reduction
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 793472" data-attributes="member: 12570"><p>You do have a valid point. The workforce has changed from one in which there was a need for a "forced" retirement plan (pension) to one in which the worker has the ability to prepare for their own retirement with the contributions from the company going directly to the employee rather than to the union. </p><p> </p><p>I would be lying if I were to say that I am not planning on my pension, which is projected to be $4K/month, to be the majority of my retirement income. Social Security will be spending money and my 401K will pay what is left of my mortgage. Debt reduction will be my primary goal in the 8 years that I have left.</p><p> </p><p>I think you will see more and more companies doing away with defined benefit plans.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 793472, member: 12570"] You do have a valid point. The workforce has changed from one in which there was a need for a "forced" retirement plan (pension) to one in which the worker has the ability to prepare for their own retirement with the contributions from the company going directly to the employee rather than to the union. I would be lying if I were to say that I am not planning on my pension, which is projected to be $4K/month, to be the majority of my retirement income. Social Security will be spending money and my 401K will pay what is left of my mortgage. Debt reduction will be my primary goal in the 8 years that I have left. I think you will see more and more companies doing away with defined benefit plans. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
IAM pension plan reduction
Top