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UPS Union Issues
UPS EMPLOYEES START NEW UNION!
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<blockquote data-quote="feeders" data-source="post: 55437"><p>UPS79,</p><p>Most drivers don't obtain seniority until 12 months, but UPS still make the pension payments each month. For this example, I will use the SP500 average to calculate the interest at 0 balance.</p><p></p><p>Using the same amount that UPS is paying the union pension funds now ($760 a month).</p><p></p><p>Your Monthly Deposit for 30 Years of $ 760.00 </p><p>for an Interest Rate of 12.500 % compounded Annually</p><p>With an Initial Amount of $ 0.00:</p><p>Yr Mo Ending</p><p>Balance Average</p><p>Balance </p><p></p><p>1 12 9642.50 4180.00 </p><p>2 12 20490.31 13822.50 </p><p>3 12 32694.10 24670.31 </p><p>4 12 46423.36 36874.10 </p><p>5 12 61868.78 50603.36 </p><p>6 12 79244.88 66048.78 </p><p>7 12 98792.99 83424.88 </p><p>8 12 120784.62 102972.99 </p><p>9 12 145525.19 124964.62 </p><p>10 12 173358.34 149705.19 </p><p>11 12 204670.64 177538.34 </p><p>12 12 239896.97 208850.64 </p><p>13 12 279526.59 244076.97 </p><p>14 12 324109.91 283706.59 </p><p>15 12 374266.15 328289.91 </p><p>16 12 430691.92 378446.15 </p><p>17 12 494170.91 434871.92 </p><p>18 12 565584.77 498350.91 </p><p>19 12 645925.37 569764.77 </p><p>20 12 736308.54 650105.37 </p><p>21 12 837989.61 740488.54 </p><p>22 12 952380.81 842169.61 </p><p>23 12 1081070.91 956560.81 </p><p>24 12 1225847.27 1085250.91 </p><p>25 12 1388720.68 1230027.27 </p><p>26 12 1571953.27 1392900.68 </p><p>27 12 1778089.92 1576133.27 </p><p>28 12 2009993.66 1782269.92 </p><p>29 12 2270885.37 2014173.66 </p><p>30 12 2564388.54 2275065.37 </p><p></p><p>Final Savings Balance: $ 2564388.54 </p><p>Initial Investment plus Monthly Contributions: $ 273600.00 </p><p>Total Interest Earned: $ 2290788.54 </p><p></p><p>That comes out to $2,564,388.54 in your account! So lets say we put your money in the Balanced Fund, that pays about 6%. This would give you a return of $158,863 a year in interest, or $13,238 a month for life and you never touch the principle. Hoffa was right when he said that the amount of money that UPS puts in the union pension funds are "<strong>MORE THAN ENOUGH!</strong></p><p></p><p><strong>COME STAND WITH US!</strong></p></blockquote><p></p>
[QUOTE="feeders, post: 55437"] UPS79, Most drivers don't obtain seniority until 12 months, but UPS still make the pension payments each month. For this example, I will use the SP500 average to calculate the interest at 0 balance. Using the same amount that UPS is paying the union pension funds now ($760 a month). Your Monthly Deposit for 30 Years of $ 760.00 for an Interest Rate of 12.500 % compounded Annually With an Initial Amount of $ 0.00: Yr Mo Ending Balance Average Balance 1 12 9642.50 4180.00 2 12 20490.31 13822.50 3 12 32694.10 24670.31 4 12 46423.36 36874.10 5 12 61868.78 50603.36 6 12 79244.88 66048.78 7 12 98792.99 83424.88 8 12 120784.62 102972.99 9 12 145525.19 124964.62 10 12 173358.34 149705.19 11 12 204670.64 177538.34 12 12 239896.97 208850.64 13 12 279526.59 244076.97 14 12 324109.91 283706.59 15 12 374266.15 328289.91 16 12 430691.92 378446.15 17 12 494170.91 434871.92 18 12 565584.77 498350.91 19 12 645925.37 569764.77 20 12 736308.54 650105.37 21 12 837989.61 740488.54 22 12 952380.81 842169.61 23 12 1081070.91 956560.81 24 12 1225847.27 1085250.91 25 12 1388720.68 1230027.27 26 12 1571953.27 1392900.68 27 12 1778089.92 1576133.27 28 12 2009993.66 1782269.92 29 12 2270885.37 2014173.66 30 12 2564388.54 2275065.37 Final Savings Balance: $ 2564388.54 Initial Investment plus Monthly Contributions: $ 273600.00 Total Interest Earned: $ 2290788.54 That comes out to $2,564,388.54 in your account! So lets say we put your money in the Balanced Fund, that pays about 6%. This would give you a return of $158,863 a year in interest, or $13,238 a month for life and you never touch the principle. Hoffa was right when he said that the amount of money that UPS puts in the union pension funds are "[B]MORE THAN ENOUGH![/B] [B]COME STAND WITH US![/B] [/QUOTE]
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