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UPS Union Issues
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<blockquote data-quote="upschuck" data-source="post: 1367710" data-attributes="member: 49865"><p>Mine is guaranteed through the PBGC which, if I were 60 today and UPS plan gone under(which is funded at over 105%) would get $3200+(much more than pennies on the dollar) each month and goes up each year. That plus SS(which is not going away to the determent of the country) and I can live comfortably.</p><p></p><p>Multi employer guarantees(if you are in) are only guaranteed a max of a little over $12,800 a year according to PBGC. That is with a special circumstance, your mileage may/will vary.</p><p></p><p>Anyways, I am not going to worry about something that I can not change, and something that will be OK. The sky is not falling on my pension.</p></blockquote><p></p>
[QUOTE="upschuck, post: 1367710, member: 49865"] Mine is guaranteed through the PBGC which, if I were 60 today and UPS plan gone under(which is funded at over 105%) would get $3200+(much more than pennies on the dollar) each month and goes up each year. That plus SS(which is not going away to the determent of the country) and I can live comfortably. Multi employer guarantees(if you are in) are only guaranteed a max of a little over $12,800 a year according to PBGC. That is with a special circumstance, your mileage may/will vary. Anyways, I am not going to worry about something that I can not change, and something that will be OK. The sky is not falling on my pension. [/QUOTE]
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