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UPS, Teamsters to Restructure New England Pension Plan
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<blockquote data-quote="UPSGUY72" data-source="post: 1016600" data-attributes="member: 14514"><p>I'll keep my pension and invest in my 401 K as a bonus. A pension is basically guaranteed money thanks to the government <a href="http://www.pbgc.gov/wr/benefits.html" target="_blank">Benefits</a> . Your 401 K is not is the market tanks tomorrow could loss alot and it would take year to build the value back up... You don't have to worry about that with a pension... If UPS went bankrupt tomorrow and you are vested you would still get a pension when it came time for you to collect...</p></blockquote><p></p>
[QUOTE="UPSGUY72, post: 1016600, member: 14514"] I'll keep my pension and invest in my 401 K as a bonus. A pension is basically guaranteed money thanks to the government [url=http://www.pbgc.gov/wr/benefits.html]Benefits[/url] . Your 401 K is not is the market tanks tomorrow could loss alot and it would take year to build the value back up... You don't have to worry about that with a pension... If UPS went bankrupt tomorrow and you are vested you would still get a pension when it came time for you to collect... [/QUOTE]
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UPS, Teamsters to Restructure New England Pension Plan
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