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Brown Cafe UPS Forum
UPS Retirement Topics
YRCW bankruptcy impact on UPS employee pensions
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<blockquote data-quote="purplesky" data-source="post: 659395" data-attributes="member: 23628"><p>Yes you are wrong. The 401K is not working as a replacement for the traditional pensions that companies use to offer workers like the one you now have as a Teamster at UPS. The average american will not be able to buy a college education for their child and save for retirement at the same time. You need to do some research and realize just how lucky you are to have a pension at all. Why on earth would you want to give up something you have been breaking your back for? If you want full control then quit UPS and start your own company. <img src="/community/styles/default/xenforo/smilies/FeltTip/wink.png" class="smilie" loading="lazy" alt=":wink2:" title="Wink :wink2:" data-shortname=":wink2:" /></p></blockquote><p></p>
[QUOTE="purplesky, post: 659395, member: 23628"] Yes you are wrong. The 401K is not working as a replacement for the traditional pensions that companies use to offer workers like the one you now have as a Teamster at UPS. The average american will not be able to buy a college education for their child and save for retirement at the same time. You need to do some research and realize just how lucky you are to have a pension at all. Why on earth would you want to give up something you have been breaking your back for? If you want full control then quit UPS and start your own company. :wink2: [/QUOTE]
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