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Pension deductions?
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<blockquote data-quote="Brownslave688" data-source="post: 2303202" data-attributes="member: 34439"><p>Let me preface this by saying it's only my opinion I may end up being wrong but it's what I believe. </p><p></p><p></p><p>I think guys that retired in the past or are currently retiring got a great deal dollar for dollar as far as their pensions go. In fact I believe they got overpromised. This is why you are seeing failing pensions all over the place. </p><p></p><p>Let's say a guy that started in 1975 had 250k put in on his behalf over the years and retired after 35 years with a 4K a month pension. </p><p></p><p></p><p>Now his pension fund is only 60% funded. To make up the difference the current employees are having huge sums put in on their behalf. However because of new federal regulations I don't believe you'll see payouts increase significantly. </p><p></p><p></p><p>So someone such as myself I expect to see something like 750k put in on my behalf but I don't expect to see a significant increase in pension payouts. </p><p></p><p></p><p>So while pensions may have been a good deal for past employees I do not believe they are a good deal for current or future employees.</p></blockquote><p></p>
[QUOTE="Brownslave688, post: 2303202, member: 34439"] Let me preface this by saying it's only my opinion I may end up being wrong but it's what I believe. I think guys that retired in the past or are currently retiring got a great deal dollar for dollar as far as their pensions go. In fact I believe they got overpromised. This is why you are seeing failing pensions all over the place. Let's say a guy that started in 1975 had 250k put in on his behalf over the years and retired after 35 years with a 4K a month pension. Now his pension fund is only 60% funded. To make up the difference the current employees are having huge sums put in on their behalf. However because of new federal regulations I don't believe you'll see payouts increase significantly. So someone such as myself I expect to see something like 750k put in on my behalf but I don't expect to see a significant increase in pension payouts. So while pensions may have been a good deal for past employees I do not believe they are a good deal for current or future employees. [/QUOTE]
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