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Brown Cafe UPS Forum
UPS Retirement Topics
Pension letter
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<blockquote data-quote="MC4YOU2" data-source="post: 2052101" data-attributes="member: 5485"><p>When I started in 1989 the contribution rate was about $6 an hour X 2080 or $12,300 annually. I don't know what the rate was in the 70's, but even if it was say $3 an hour, that's still almost $6K a year. Invested correctly that's plenty to realize a profit. </p><p>I do recall we all took a big hit after the market crash after 9/11 but most of that came back. The real downer I think, is the non contributors.</p></blockquote><p></p>
[QUOTE="MC4YOU2, post: 2052101, member: 5485"] When I started in 1989 the contribution rate was about $6 an hour X 2080 or $12,300 annually. I don't know what the rate was in the 70's, but even if it was say $3 an hour, that's still almost $6K a year. Invested correctly that's plenty to realize a profit. I do recall we all took a big hit after the market crash after 9/11 but most of that came back. The real downer I think, is the non contributors. [/QUOTE]
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