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UPS Union Issues
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<blockquote data-quote="710 steward" data-source="post: 1367344" data-attributes="member: 52299"><p>I disagree. Look at the UAW. Those pensions are from the company but negotiated through the union. People still want top wages, benefits, and a negotiated retirement. Nothing really changes. People desire security and that is union protection. I encourage everyone to educate themselves on $275 a week at 5% interest for 30 years. I assure you that the monthly pension will not interest you in the slightest. You could draw out 5% forever and never touch the principal. That means when you unfortunately pass your spouse will get the same 5% and your loved ones can split the principal when that person unfortunately passes. I could easily go on and on about this. This is an easy choice. At 710 even with the pension amount still at the 2012 level one could max out a 401k and an IRA with money left over to invest elsewhere. That's crazy considering we haven't gotten a pension increase in over 15 years but apparently it's ok because we issue gift cards instead.</p></blockquote><p></p>
[QUOTE="710 steward, post: 1367344, member: 52299"] I disagree. Look at the UAW. Those pensions are from the company but negotiated through the union. People still want top wages, benefits, and a negotiated retirement. Nothing really changes. People desire security and that is union protection. I encourage everyone to educate themselves on $275 a week at 5% interest for 30 years. I assure you that the monthly pension will not interest you in the slightest. You could draw out 5% forever and never touch the principal. That means when you unfortunately pass your spouse will get the same 5% and your loved ones can split the principal when that person unfortunately passes. I could easily go on and on about this. This is an easy choice. At 710 even with the pension amount still at the 2012 level one could max out a 401k and an IRA with money left over to invest elsewhere. That's crazy considering we haven't gotten a pension increase in over 15 years but apparently it's ok because we issue gift cards instead. [/QUOTE]
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