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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="Old Man Jingles" data-source="post: 659458" data-attributes="member: 18222"><p>If you reduce that $20,000 per year to $13,000 to allow for investing after tax dollars, it comes to $760,000.</p><p> </p><p>Unfortunately, that is not how pension funding works.</p><p> </p><p>A pension payout under the new laws in 2010 would probably come to less than $400,000.</p><p><a href="http://www.kiplinger.com/magazine/archives/2008/03/lump-sum-payout-vs-distribution.html" target="_blank">http://www.kiplinger.com/magazine/archives/2008/03/lump-sum-payout-vs-distribution.html</a></p></blockquote><p></p>
[QUOTE="Old Man Jingles, post: 659458, member: 18222"] If you reduce that $20,000 per year to $13,000 to allow for investing after tax dollars, it comes to $760,000. Unfortunately, that is not how pension funding works. A pension payout under the new laws in 2010 would probably come to less than $400,000. [URL]http://www.kiplinger.com/magazine/archives/2008/03/lump-sum-payout-vs-distribution.html[/URL] [/QUOTE]
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