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Brown Cafe UPS Forum
UPS Union Issues
Local 104 Pension Contributions 1990-2013 VOTE YES
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<blockquote data-quote="realbrown1" data-source="post: 1922769" data-attributes="member: 46221"><p>You put almost $20,000.00 a year in for 30 years equal almost $600,000.00 in contributions not including interest and compounding interest for that 30 years.</p><p></p><p>You take out about $50,000.00 per year for about 20 years equals $1,000,000.00, and most won't make it that long.</p><p></p><p>Depending on the interest the retirement account earns, this is very sustainable.</p></blockquote><p></p>
[QUOTE="realbrown1, post: 1922769, member: 46221"] You put almost $20,000.00 a year in for 30 years equal almost $600,000.00 in contributions not including interest and compounding interest for that 30 years. You take out about $50,000.00 per year for about 20 years equals $1,000,000.00, and most won't make it that long. Depending on the interest the retirement account earns, this is very sustainable. [/QUOTE]
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