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UPS Retirement Topics
local 804 pension problems
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<blockquote data-quote="wildgoose" data-source="post: 143870" data-attributes="member: 5428"><p>For those who think a wildcat will work are crazy. It didn`t work to keep the 150 lb package out did it ? The company is promoting this with the blessing of the IBT ! If you look around everyone is usually financed up to their eyeballs in debt. House,cars,day care etc ? Who can walk away anyhow ? South Florida housing market is extremely expensive to live hear. Taxes on a $400,000 home purchased recently are over $8500 a year and hurricane insurance is $3500 and rising every year. This home is only 1600 sq ft. ? Rent for a nice one bedroom is $925. Rent for a 3 bedroom exceeds $1600. You will not be able to retire is South Florida unless you have won the lottery ! Especially on a Central States pension. Its easy to say to keep putting max in your 401k but at the end of the week there`s very little to do so for most people and those that are starting out there hands are tied. The company is spending big bucks to lobby senators and congressman to get there concessions. IBT waits til the last minute and says they tried to turn the tables but no luck ? Day late and a dollar short as usual. Those people are really finding out what is coming down the pike when New York pesnions are taking a hit for 30%</p><p>now the Central State guys weren`t lieing. And it won`t stop here it has just begun. Like last contract the crap is just starting right after the election. And for those that think this is the representation deserving of your $68 a month consider this a drop in the bucket for what you will be giving up in pension securities.</p></blockquote><p></p>
[QUOTE="wildgoose, post: 143870, member: 5428"] For those who think a wildcat will work are crazy. It didn`t work to keep the 150 lb package out did it ? The company is promoting this with the blessing of the IBT ! If you look around everyone is usually financed up to their eyeballs in debt. House,cars,day care etc ? Who can walk away anyhow ? South Florida housing market is extremely expensive to live hear. Taxes on a $400,000 home purchased recently are over $8500 a year and hurricane insurance is $3500 and rising every year. This home is only 1600 sq ft. ? Rent for a nice one bedroom is $925. Rent for a 3 bedroom exceeds $1600. You will not be able to retire is South Florida unless you have won the lottery ! Especially on a Central States pension. Its easy to say to keep putting max in your 401k but at the end of the week there`s very little to do so for most people and those that are starting out there hands are tied. The company is spending big bucks to lobby senators and congressman to get there concessions. IBT waits til the last minute and says they tried to turn the tables but no luck ? Day late and a dollar short as usual. Those people are really finding out what is coming down the pike when New York pesnions are taking a hit for 30% now the Central State guys weren`t lieing. And it won`t stop here it has just begun. Like last contract the crap is just starting right after the election. And for those that think this is the representation deserving of your $68 a month consider this a drop in the bucket for what you will be giving up in pension securities. [/QUOTE]
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