I agree....ive been retired 7 tears with no raise in my defined pension......I want 10 percent every year going back that 7 years........it's fair and ups can surely afford it......other companies and countries do it..now that new folks dont get a defined pension there is plenty of money for retirees
raise retirement pension
- Thread starter Karma...
- Start date
rod
Retired 22 years
I agree. Give me my 10% a year factored back 22 years. What does that figure out too? 220% times $3,000 a month? I think that figures out to an extra $6,600 a month. A $9,600 a month pension check now would be fine.
That's why you invest in a 401k son so you give yourself a raise
Family
Well-Known Member
Settle down Rockefeller
He should buy some I bonds
IAM cant retire to 65. You didn't give
to the company, you offered your services for the payment offered.Correct I figured I buy 200.00 months in i bonds when I retire that will a good amount of side money
20 year treasures might be better deal right now
UnionStrong
Sorry, but I don’t care anymore.
What'dyabringmetoday???
Well-Known Member
Or National Treasures.
Wally
BrownCafe Innovator & King of Puns
That's why it's called fixed income, no?
oldngray
nowhere special
Defined pension plan means no later increases. Also should mean no decreases. How is that working out?
Wally
BrownCafe Innovator & King of Puns
Who got decreased?
oldngray
nowhere special
if your pay and pension dont keep pace with inflation you are taking a pay cut and is not fixed income....its obvious.....read up on time value of money, cola and inflation.....its simple. treading water in inflationary times is going backwards in real money times...one of these days unions will realize this..............I remember when we had 2 year contracts to address this...2 year contracts also put a damper on the excesses of corporate greed.....time to wake up and adjust to changing conditions.
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rod
Retired 22 years
I remember 3 year contracts but not 2 year. Was this an east coast thing?
rod
Retired 22 years
I never assumed we would get anything but what was offered at the time of retirement. For me its been $3,000 a month since June 27th of 2001. It was plenty back then but is just fun money now added to other forms of retirement income. We are right at six figures (with zero debt) for basically sitting on our butts all day-----if we are so inclined. You can do it also if you watch your spending when you are young. That means don't go out and finance a $750,000 home and an $80,000 pickup just because you finally became a RPCD. I seen dozens of young couples do that--want it ALL ---NOW
