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Brown Cafe UPS Forum
UPS Union Issues
Will we go on strike if contract is voted down
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<blockquote data-quote="satellitedriver" data-source="post: 266312" data-attributes="member: 1664"><p>Mr. B.S.,</p><p>Not to waste time pointing out all the flaws of logic in your post, I chose these two statements of yours.</p><p></p><p>The formula is simple. $1.00 put in with compounding interest over the time frame of 25 yrs at a very conservative rate of 9% would grow to $8.62. </p><p>The retiree draws from the interest, not the new contribution of a new hire.</p><p>Your statement suggests that it is just a piggybank, penny in penny out.</p><p>Investment funds do not work that way.</p><p>To your second statement, all I can say is that I am glad they did not ask for your advice.</p><p>POX</p></blockquote><p></p>
[QUOTE="satellitedriver, post: 266312, member: 1664"] Mr. B.S., Not to waste time pointing out all the flaws of logic in your post, I chose these two statements of yours. The formula is simple. $1.00 put in with compounding interest over the time frame of 25 yrs at a very conservative rate of 9% would grow to $8.62. The retiree draws from the interest, not the new contribution of a new hire. Your statement suggests that it is just a piggybank, penny in penny out. Investment funds do not work that way. To your second statement, all I can say is that I am glad they did not ask for your advice. POX [/QUOTE]
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Will we go on strike if contract is voted down
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