Pensions...We all saw this coming.

Discussion in 'UPS Retirement Topics' started by reydluap, Dec 4, 2014.

  1. reydluap

    reydluap Active Member

  2. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    Not good
     
  3. VonDutch

    VonDutch Bite your tongue, Missy

    I wonder if congressional pensions would fall into that group.
     
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  4. Operational needs

    Operational needs Well-Known Member

    I'm sure you already know the answer to that. Lol.
     
  5. Put some money into your 401k/ IRA. you never know,what can happen to your pension or social security.
     
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  6. upschuck

    upschuck Avatar bet gone wrong

    That is why I'm glad we switched to single employer pension.
     
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  7. bbsam

    bbsam Moderator Staff Member

    There's something dreadfully wrong in a system where elected officials and business leaders get together to legally steal hundreds of millions of dollars from millions of people.

    It's only illegal until they say it's not.
     
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  8. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    What I thought multi employer plans were going to make this all better. What a joke.



    The problem is ups paying $400 a week towards a pension and joes widgets paying $30 a week and they both get the same pension. Don't let the union make you think they are innocent.
     
  9. brownmonster

    brownmonster Man of Great Wisdom

    False. The amount your company pays in effects the amount you collect.
     
  10. We are only getting a quarter,on the dollar. Brownslave,Isn't too far off. Unfortunately.:sad2:
     
  11. brownmonster

    brownmonster Man of Great Wisdom

    Why do pension plans keep blaming the stock market crash? I've made a fortune since 2000 and 2009 and I don't have a clue.
     
  12. Piss poor management. Dirty hands???
     
  13. brownmonster

    brownmonster Man of Great Wisdom

    We have a truly solvent plan as a backup. Social Security.:hangover::hangover:
     
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  14. The new 70 and out. not age,years of service.
     
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  15. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    The only thing I will give them is while you and me can decide not to
    Withdraw during the downturns they can't. Pension monies keeps coming out.

    However downfalls always happen and this should be in the plan.
     
  16. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    It's stupid give me my SS money back
    And all the money that goes towards my pension and I'll retire a millionaire many times over.

    Instead I'd have to be Moses to live long enough to see all that money.
     
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  17. Damn. I just retired 6 months ago. If they do this than I have to go back to work. I don't want to go back to work.
     
  18. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    BM is right. Ours is a multi-employer plan and pension amounts depend upon contribution rates.

    I would love to see the Company take over our pension plan.
     
  19. oldngray

    oldngray nowhere special

    UPS pretty much did take over the pension plan (from Central States at least). UPS will guarantee pensions until you are 65 when it reverts to the Teamsters and after that if it defaults it would be backed as an ERISA plan with possible huge pension decreases.