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WOW!! A Fully-Funded Pension
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<blockquote data-quote="vantexan" data-source="post: 735063" data-attributes="member: 24302"><p>Do UPS drivers load their own trucks? How many UPS rts are in the same area as 1 FedEx driver? 2/3rds of UPS pay is about right? OK, give me 2/3rds of UPS pay after 3 years of employment. Give me a pension equal to 2/3rds of what a UPS driver gets. SOLD!! Problem solved! Next!</p><p></p><p>So given the economic climate you are certain your 401k will give you a comfortable retirement? All I ask from the company per the traditional pension is they honor the promises they made that if I put in the time I would get a pension equal to 50% of my highest average annual pay at age 60. They were already putting newhires under the PPP. They came in knowing they were getting the PPP. And if it was truly about accounting rules changes why not have a more generous PPP? You know why. It's about more profit for bigger dividends. It's about more money for management bonuses. </p><p></p><p>Want me to get over the pension? Stop paying dividends, stop paying bonuses, make executive pay of this company and other American corporations much closer to corporations of other Western nations. It's disingenuous to tell us to get over money we will truly need in our retirement when those in power have money up the wazzoo. By the way, that traditional pension was a fixed benefit pension. It's value will erode with inflation. So would've been nice to start retirement with a larger pension. Sounds like you are against Social Security too. Bet you wouldn't be if business didn't have to match SS taxes. That takes away from dividends, bonuses, and raises from those of you who "deserve" more. It's time they started taxing all income to make SS solvent.</p></blockquote><p></p>
[QUOTE="vantexan, post: 735063, member: 24302"] Do UPS drivers load their own trucks? How many UPS rts are in the same area as 1 FedEx driver? 2/3rds of UPS pay is about right? OK, give me 2/3rds of UPS pay after 3 years of employment. Give me a pension equal to 2/3rds of what a UPS driver gets. SOLD!! Problem solved! Next! So given the economic climate you are certain your 401k will give you a comfortable retirement? All I ask from the company per the traditional pension is they honor the promises they made that if I put in the time I would get a pension equal to 50% of my highest average annual pay at age 60. They were already putting newhires under the PPP. They came in knowing they were getting the PPP. And if it was truly about accounting rules changes why not have a more generous PPP? You know why. It's about more profit for bigger dividends. It's about more money for management bonuses. Want me to get over the pension? Stop paying dividends, stop paying bonuses, make executive pay of this company and other American corporations much closer to corporations of other Western nations. It's disingenuous to tell us to get over money we will truly need in our retirement when those in power have money up the wazzoo. By the way, that traditional pension was a fixed benefit pension. It's value will erode with inflation. So would've been nice to start retirement with a larger pension. Sounds like you are against Social Security too. Bet you wouldn't be if business didn't have to match SS taxes. That takes away from dividends, bonuses, and raises from those of you who "deserve" more. It's time they started taxing all income to make SS solvent. [/QUOTE]
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