Pension letter

[By The Book]

As a retiree the fund said this is how much you will get. I did not ask for it. So now that the fund is low why is it my fault.

It's not your fault...just a victim of poor planning on their part.

 

[rod]

So the government (taxpayers) make up the difference.

They would under that plan because the pbgc would run out of money in a day under that plan.

Tired of taxpayers picking up the tab for other people's screw ups.

Get back to me on that when they come after your pension. Its ok to bail out auto companies, financial institutions and ever Tom Dick and Harry in a 3-piece suit but when some 70 year old guy who gave 30 plus years to a company gets his pension cut in half - friend.... him.

 

[Orion inc.]

Get back to me on that when they come after your pension. Its ok to bail out auto companies, financial institutions and ever Tom Dick and Harry in a 3-piece suit but when some 70 year old guy who gave 30 plus years to a company gets his pension cut in half - friend.... him.

That's why you plan your retirement strategy as if a pension doesn't exist.

In the end, only we ourselves are responsible for our future and direction

 

[retired2000]

Rod my thoughts also

 

[Brownslave688]

Get back to me on that when they come after your pension. Its ok to bail out auto companies, financial institutions and ever Tom Dick and Harry in a 3-piece suit but when some 70 year old guy who gave 30 plus years to a company gets his pension cut in half - friend.... him.

It wasn't right to bail any of them out either.


It's "right" that me who works just as hard for my money now to have more of it taken from me? Why because I'm young and you're old?


What do we like to tell management? Lack of planning on your part does not constitute an emergency on my part.

 

[Wally]

Ah- yea, any plan of Bernie's, I'll pass.

 

[Brownslave688]

Ah- yea, any plan of Bernie's, I'll pass.

As will everyone else. I think he's successfully gotten 3 bills passed. All to rename highways. Lmao

 

[Brownslave688]

Not that it matters but let's do some math real quick. $250 a week with a 2.5% annual increase and 8% return. Gives me just over 2 million in the bank if I work from 25-60.


Following the 3% rule I can give myself a 5,000 dollar a month pension and never touch. Those 2 million dollars more than likely.

 

[Wally]

Not that it matters but let's do some math real quick. $250 a week with a 2.5% annual increase and 8% return. Gives me just over 2 million in the bank if I work from 25-60.


Following the 3% rule I can give myself a 5,000 dollar a month pension and never touch. Those 2 million dollars more than likely.

How much a week goes in the pension right now? (Per person)

 

[PT Car Washer]

Not that it matters but let's do some math real quick. $250 a week with a 2.5% annual increase and 8% return. Gives me just over 2 million in the bank if I work from 25-60.


Following the 3% rule I can give myself a 5,000 dollar a month pension and never touch. Those 2 million dollars more than likely.

Better get going.

 

[Brownslave688]

How much a week goes in the pension right now? (Per person)

For my local over $400 a week.

 

[Wally]

For my local over $400 a week.

Dang! Lock of it away in a private IRA and we would be set!

 

[oldngray]

Dang! Lock of it away in a private IRA and we would be set!

That would be great but no way the union would give up control of that money.

 

[Brownslave688]

Better get going.

I put plenty away my wife probably puts 30k a year away with match and profit sharing.

 

[Brownslave688]

Dang! Lock of it away in a private IRA and we would be set!

That's my point. Pensions aren't really that great. Neither is SS.


All it does is save the people that are bad with money from themselves.

 

[rod]

It wasn't right to bail any of them out either.


It's "right" that me who works just as hard for my money now to have more of it taken from me? Why because I'm young and you're old?


What do we like to tell management? Lack of planning on your part does not constitute an emergency on my part.

I can live with my pension being cut ( I did plan ahead) but many will be hurting. Bail out the pensions or have more taxes taken out for Government assistance (welfare)----------It don't matter---you ARE going to pay for it in the long run. Work a few extra hours for us retirees this week sucker.

Nobody was getting rich on the Central States pension---$3,000 after 30.

 

[Coldworld]

Ah- yea, any plan of Bernie's, I'll pass.

100x better than Hillary... Pick your poison..

 

[realbrown1]

Get back to me on that when they come after your pension. Its ok to bail out auto companies, financial institutions and ever Tom Dick and Harry in a 3-piece suit but when some 70 year old guy who gave 30 plus years to a company gets his pension cut in half - friend.... him.

I am planning my life to assume the pension won't be there when I retire.

Your mistake was planning that it would be there.

 

[Billy Ray]

Get back to me on that when they come after your pension. Its ok to bail out auto companies, financial institutions and ever Tom Dick and Harry in a 3-piece suit but when some 70 year old guy who gave 30 plus years to a company gets his pension cut in half - friend.... him.

Realistically, did you expect your pension payout to last longer than the amount of years that you worked?

 

[IVE GOTTA PACKAGE 4U]

I am planning my life to assume the pension won't be there when I retire.

Your mistake was planning that it would be there.

A large part of our pay goes into it.