Our pensions

Discussion in 'UPS Retirement Topics' started by Cardboard carrier, Mar 28, 2015.

  1. What do you think would happen to our union pension if UPS does away with the teamsters. Seems like the writing is on the wall.
     
  2. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    You would be transferred to the company pension plan.
     
  3. [​IMG]
     
    • Agree Agree x 1
    • Winner Winner x 1
    • List
  4. upschuck

    upschuck Avatar bet gone wrong

    It would most definitely be a smaller one as well.
     
  5. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    I would love to lose our pension and see that money in my check.
     
  6. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    I would prefer it be deposited directly in to my 401k.
     
  7. edd_tv

    edd_tv Cardboard picker upper

    That's me. Give me that money in my 401k
     
  8. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    That's pretty much what I meant.
     
  9. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    If it were in our checks the majority of guys would spend it.
     
  10. upschuck

    upschuck Avatar bet gone wrong

    And still not have enough money to pay the bills.
     
    • Agree Agree x 3
    • Funny Funny x 1
    • List
  11. PT Car Washer

    PT Car Washer Well-Known Member

    That's because they did not win at the casino or the lottery. Still have money for cigarettes though.
     
  12. Lizzzow

    Lizzzow Is in the hizzzow

    I agree as well. I put no faith in someone else managing my finances. Give it to me and I will save it or invest it. I have coworkers that talk all the time about how they are looking forward to their pension in 20 years. If it's there for me great. But I like to be on the more cautious side of things. I spend less, save more and plan on pension cuts in the future. Better to be prepared than caught with my pockets empty relying on someone else to give me money. Do we deserve pensions? I think we diffenately all work hard enough in this company to have earned it. But my advice for anyone is take care of yourselves and save on your own. The way retirees are being scalped these days you might have to just keep on working!
     
  13. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    Just read an article about how 401k have been a huge failure. Almost 40% of people have under 10k in their accounts.

    There were professors saying we need to take the money employers put towards 401k and start a government ran retirement plan.

    Holy :censored2: people we already have one that's a massive failure.
     
    • Agree Agree x 2
    • Funny Funny x 2
    • List
  14. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Social Security, if left untouched, would continue ad infinitum.
     
  15. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    If left untouched is pretty much non existent when it comes to government ran.
     
  16. The people that save get penalized. Those who don't get rewarded.
     
    • Agree Agree x 5
    • Disagree Disagree x 1
    • List
  17. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    There's already plans in place on a federal government level to take from retirement accounts that have over x amount and give to the poor.

    I may retire to some tropical island.
     
  18. I agree. Obama wanted to tax 529 plans and give free community college. Thankfully that failed
     
  19. Baba gounj

    Baba gounj pensioner

    I read that article .
    Those under 40 on average save $10K .
    50-65 on average have $76K .
    My amount now is what a professional airline pilot's average is .
     
    • Optimistic Optimistic x 1
    • List
  20. bbsam

    bbsam Moderator Staff Member

    If you truly believed that, you wouldn't save...so do you save?