Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Pensions cuts
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="JonFrum" data-source="post: 756045" data-attributes="member: 18044"><p>The $8.565 per hour is <u>your</u> money. It's part of your Total Compensation Package. You earned it.</p><p> </p><p>Your money just happens to still be in UPS' possession, but it's your money.</p><p> </p><p>UPS sends some of your money to the IRS and NY state revenue department as your Withholding Tax; some to the Pension and H&W funds as your contributions, some to the Social Security Administration as your contribution, some to the Union as your dues, maybe some to your 401(k) account, maybe some to the United Way as your contribution, etc.</p><p> </p><p>Your pension contributions are yours, and you will be taxed on them when they are paid out to you in retirement.</p><p></p><p>The Holiday Turkey on the other hand? Now that really is a gift from UPS. Or at least was.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 756045, member: 18044"] The $8.565 per hour is [U]your[/U] money. It's part of your Total Compensation Package. You earned it. Your money just happens to still be in UPS' possession, but it's your money. UPS sends some of your money to the IRS and NY state revenue department as your Withholding Tax; some to the Pension and H&W funds as your contributions, some to the Social Security Administration as your contribution, some to the Union as your dues, maybe some to your 401(k) account, maybe some to the United Way as your contribution, etc. Your pension contributions are yours, and you will be taxed on them when they are paid out to you in retirement. The Holiday Turkey on the other hand? Now that really is a gift from UPS. Or at least was. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Pensions cuts
Top