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Brown Cafe UPS Forum
UPS Union Issues
pension questions
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<blockquote data-quote="menotyou" data-source="post: 822114" data-attributes="member: 24535"><p>Everyone's pension took a major hit after the stock market tanked in 2008. The situation was aggravated by the fact that the government monitors these pension funds(not really a bad thing, but)and is requiring them to maintain their pre-2008 balances. That is a very tall order. We (NY) voted to "donate" all our full-time raises for a two year period. No one can retire before thirty years, or 55.(If I am remembering correctly-its early) It all depends on what everyone voted for to bring the individual funds back into "green". </p><p></p><p>Quit whining. You get a pension and a damn good wage.</p></blockquote><p></p>
[QUOTE="menotyou, post: 822114, member: 24535"] Everyone's pension took a major hit after the stock market tanked in 2008. The situation was aggravated by the fact that the government monitors these pension funds(not really a bad thing, but)and is requiring them to maintain their pre-2008 balances. That is a very tall order. We (NY) voted to "donate" all our full-time raises for a two year period. No one can retire before thirty years, or 55.(If I am remembering correctly-its early) It all depends on what everyone voted for to bring the individual funds back into "green". Quit whining. You get a pension and a damn good wage. [/QUOTE]
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