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Brown Cafe UPS Forum
UPS Union Issues
Local 952 wins again! Bye bye TDU!
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<blockquote data-quote="Bubblehead" data-source="post: 2112359" data-attributes="member: 14176"><p>Check out this "TDU math".</p><p></p><p>By your numbers, the company could offer a dollar for dollar match, up to the $18,000 annual max in a 401k plan and save at least $2,500 per employee.</p><p></p><p>Provided that my TDU calculator is accurate, if an driver takes advantage of this program and maxes out each year, they would have over $1 million without even realizing a penny of interest over that 30 years (burying it in my backyard).</p><p></p><p>Realize an average of 6% investing it (which is reasonable and the standard), compounded over 30 years, and you would have an enormous amount of money that I can't calculate on what's left of my lunch break.</p></blockquote><p></p>
[QUOTE="Bubblehead, post: 2112359, member: 14176"] Check out this "TDU math". By your numbers, the company could offer a dollar for dollar match, up to the $18,000 annual max in a 401k plan and save at least $2,500 per employee. Provided that my TDU calculator is accurate, if an driver takes advantage of this program and maxes out each year, they would have over $1 million without even realizing a penny of interest over that 30 years (burying it in my backyard). Realize an average of 6% investing it (which is reasonable and the standard), compounded over 30 years, and you would have an enormous amount of money that I can't calculate on what's left of my lunch break. [/QUOTE]
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Local 952 wins again! Bye bye TDU!
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