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Brown Cafe UPS Forum
UPS Union Issues
What supplemental article are we talking about?
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<blockquote data-quote="BrownBrokeDown" data-source="post: 1160371" data-attributes="member: 46824"><p>At this time the CS Healthcare is doing fine without us. Do not confuse it with the CS pension plan. </p><p></p><p>I have had 401k at multiple companies, and I would always prefer the pension over the 401k (provided my pension plan was being managed <strong>properly</strong>). I have watched my grandfather collect his <strong>properly</strong> run Teamster pension since the early 80's. It's a beautiful thing. With 401k's you dont invest as you see fit, you invest as you see fit in the few options the company gives you. At one job, I lost over 500 shares of a stock when my company went bankrupt, and over the last 3 years I have lost all of the company provided dollars in a very diversified 401k due to the stock market issues. So basically I have what i have put in. Profit sharing isn't much better either. I have watched my dad lose 65% of his profit sharing due to stock market issues these last 3 years.</p></blockquote><p></p>
[QUOTE="BrownBrokeDown, post: 1160371, member: 46824"] At this time the CS Healthcare is doing fine without us. Do not confuse it with the CS pension plan. I have had 401k at multiple companies, and I would always prefer the pension over the 401k (provided my pension plan was being managed [B]properly[/B]). I have watched my grandfather collect his [B]properly[/B] run Teamster pension since the early 80's. It's a beautiful thing. With 401k's you dont invest as you see fit, you invest as you see fit in the few options the company gives you. At one job, I lost over 500 shares of a stock when my company went bankrupt, and over the last 3 years I have lost all of the company provided dollars in a very diversified 401k due to the stock market issues. So basically I have what i have put in. Profit sharing isn't much better either. I have watched my dad lose 65% of his profit sharing due to stock market issues these last 3 years. [/QUOTE]
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