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APWA in New Orleans
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<blockquote data-quote="mittam" data-source="post: 175166" data-attributes="member: 1223"><p>UPS does have a defined contribution. An amount they are contractually obligated to put forth each week. The pension is a defined pension, meaning there is a set amount each retiree will receive each month. Defined contribution is based on the interest the plan accrues over the employees work career. This is a riskier pension though it could lead to a pension 2 or 3 times higher than a defined pension ( or set amount). I t could also end up half of a defined amount based on how the market fares. However in the history of mutual funds there has never been one to fail from market high and lows, only by mismanagement. Does that sound familiar???</p></blockquote><p></p>
[QUOTE="mittam, post: 175166, member: 1223"] UPS does have a defined contribution. An amount they are contractually obligated to put forth each week. The pension is a defined pension, meaning there is a set amount each retiree will receive each month. Defined contribution is based on the interest the plan accrues over the employees work career. This is a riskier pension though it could lead to a pension 2 or 3 times higher than a defined pension ( or set amount). I t could also end up half of a defined amount based on how the market fares. However in the history of mutual funds there has never been one to fail from market high and lows, only by mismanagement. Does that sound familiar??? [/QUOTE]
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