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Pension deductions?
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<blockquote data-quote="Ms.PacMan" data-source="post: 2302430" data-attributes="member: 4656"><p>If we were given pension money in an account just like our 401k I think everyone could amass a sum for retirement. You would have to take away the ultra safe investments like the stable value fund though so that people, in a panic, couldn't sell low and transfer the funds to a very low interest investment or only invest ultra safe their entire career. </p><p></p><p>I think it would be foolproof. Just like a pension though, returns could be less then envisioned if a person happens to work during a crappy 30yr period.</p><p></p><p>UPS wouldn't want to do this though because IMO the turnover rate for drivers would increase if the money was portable.</p></blockquote><p></p>
[QUOTE="Ms.PacMan, post: 2302430, member: 4656"] If we were given pension money in an account just like our 401k I think everyone could amass a sum for retirement. You would have to take away the ultra safe investments like the stable value fund though so that people, in a panic, couldn't sell low and transfer the funds to a very low interest investment or only invest ultra safe their entire career. I think it would be foolproof. Just like a pension though, returns could be less then envisioned if a person happens to work during a crappy 30yr period. UPS wouldn't want to do this though because IMO the turnover rate for drivers would increase if the money was portable. [/QUOTE]
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