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10 step pay raises
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<blockquote data-quote="vantexan" data-source="post: 2899065" data-attributes="member: 24302"><p>Well let me ask...is it up to 54 points gets 5%? If you start at 21, to get 6% you'd have to work until 38. So yeah, I think the numbers have changed. They're being a little more generous up front than 3%, but making you work a long time for higher numbers. Notice 17 years for that 21 yr old to get to 6%, but only 10 more to 8%. Still that's 27 years of work to get to what isn't that great. Only way for this pension to work for you is if you're a manager or above who keeps moving up, and you stay with the company a very long time. Old Fart will argue I'm wrong but unlike him today's courier doesn't have a traditional pension too. And today's courier better throw everything he can into his 401k. Doesn't make for much of a life but at least he won't starve in the remaining broke down years when he quits at 70.</p></blockquote><p></p>
[QUOTE="vantexan, post: 2899065, member: 24302"] Well let me ask...is it up to 54 points gets 5%? If you start at 21, to get 6% you'd have to work until 38. So yeah, I think the numbers have changed. They're being a little more generous up front than 3%, but making you work a long time for higher numbers. Notice 17 years for that 21 yr old to get to 6%, but only 10 more to 8%. Still that's 27 years of work to get to what isn't that great. Only way for this pension to work for you is if you're a manager or above who keeps moving up, and you stay with the company a very long time. Old Fart will argue I'm wrong but unlike him today's courier doesn't have a traditional pension too. And today's courier better throw everything he can into his 401k. Doesn't make for much of a life but at least he won't starve in the remaining broke down years when he quits at 70. [/QUOTE]
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