Pension deductions?

[UpstateNYUPSer(Ret)]

I get it, " you I got mine". You missed your calling, Bear Stearns lost a superstar.

Please tell me why I should subsidize YRC.

 

[104Feeder]

The reality where your opinion counts but not mine?


Yes I reject that reality.

Reject it all you want. I personally reject speed limits, yet I am reminded of them constantly by our wonderful Department of Public Safety Troopers. Like you, my complaints fall on deaf ears.

 

[104Feeder]

au revoir, appels souper

 

[Ms.PacMan]

The pension, at UPS, is never going away as long as the Teamsters are representing us.

And why is this? What do they get out of sponsoring the pension and why are they entitled to anything beyond dues?

 

[Wally]

104Feeder, Would you have the actual dollar amount invested of pension contributions for someone retiring now after 30 years of service? Lets say they started in 1986.

It would be interesting to compare these numbers: current pension payout vs. Brownslave688 ideas of personal pension investing.

 

[UpstateNYUPSer(Ret)]

And why is this? What do they get out of sponsoring the pension and why are they entitled to anything beyond dues?

If this were the case why are they actively seeking company buyouts of our underfunded and critical plans?

Pensions are normally huge money makers for the company or union.

 

[Ms.PacMan]

104Feeder, Would you have the actual dollar amount invested of pension contributions for someone retiring now after 30 years of service? Lets say they started in 1986.

It would be interesting to compare this number with the current pension payout vs. Brownslave688 ideas of personal pension investing.

No need to ponder this. You can look at the governments life expectancy charts for people or use an annuity calculator which will tell you how much you need to get a fixed sum of whatever amt. per month for life.

 

[Ms.PacMan]

If this were the case why are they actively seeking company buyouts of our underfunded and critical plans?

Pensions are normally huge money makers for the company or union.

Our company buyout is now a single employer Teamster/UPS fund. They still have a hand in it.

 

[Wally]

No need to ponder this. You can look at the governments life expectancy charts for people or use an annuity calculator which will tell you how much you need to get a fixed sum of whatever amt. per month for life.

No need to ponder? The numbers might tell who's argument makes more sense, no?

 

[UpstateNYUPSer(Ret)]

No need to ponder? The numbers might tell who's argument makes more sense, no?

It would be an interesting comparison.

 

[upschuck]

I love how your opinion is fact and the rest of us are wrong.

That is pervasive through every topic and in all areas in America today. You and I included

 

[Brownslave688]

That is pervasive through every topic and in all areas in America today. You and I included

You are wrong.

 

[IVE GOTTA PACKAGE 4U]

You are wrong.

Just ask Gumby

 

[Brownslave688]

I get it, " you I got mine". You missed your calling, Bear Stearns lost a superstar.

I believe in personal responsibility. Yeah I get that's not being a good union brother. So be it.



Here's the thing under a defined contribution plan everyone would be given the same amount of money. I'm supposed to feel bad because I invested my money better than some other person? We were each given the same amount to invest. I wouldn't ask them to feel bad for me if they were raking it in.

 

[Ms.PacMan]

No need to ponder? The numbers might tell who's argument makes more sense, no?

Yes, that's what I was saying - it's easy to compare.

 

[FrigidFTSup]

The pension, at UPS, is never going away as long as the Teamsters are representing us.

 

[Ms.PacMan]

I believe in personal responsibility. Yeah I get that's not being a good union brother. So be it.



Here's the thing under a defined contribution plan everyone would be given the same amount of money. I'm supposed to feel bad because I invested my money better than some other person? We were each given the same amount to invest. I wouldn't ask them to feel bad for me if they were raking it in.

Given the same options that we have in our 401k now it would be nearly impossible to mess it up.

 

[IVE GOTTA PACKAGE 4U]

The pension, at UPS, is never going away as long as the Teamsters are representing us. To discuss what should be done as far as the retirement crisis as a whole in the Nation, I would first suggest the return to Unions & unionism & defined benefit pension programs. For industries that unions are not a good fit, or for workers in general, mandatory Roth 401k plans and participation would be my second choice.

I guess you didn't read our current contract ?

 

[Ms.PacMan]

Annuity Calculator - Bankrate.com

Upstate NY could buy an annuity that gives him $5500/mo for 30yrs for roughly $921,000

 

[Ms.PacMan]

Compound Interest Calculator

$20,000 invested annually for 30yrs with a 6% return equals $1.7 mil