Be aware of new hybrid 401k/Pension IOU

[Over70irregs]

IBM new 401k. Never heard of this before. Trying to understand IBMs new system.

MSN

 

[some1else]

IBM new 401k. Never heard of this before. Trying to understand IBMs new system.

MSN

Interesting they are combining the worse aspects of a 401 and the worst parts of a pension into one. No portability, no choice, no defined benefit

 

[Jackburton]

Nothing burger. We, as union employees don’t get a match. This article is about the match portion of 401k’s.

 

[some1else]

Nothing burger. We, as union employees don’t get a match. This article is about the match portion of 401k’s.

Lots of union employees lost their defined benefit pension for a 401k match. It’s absolutely worth keeping an eye on.

 

[burrheadd]

Lots of union employees lost their defined benefit pension for a 401k match. It’s absolutely worth keeping an eye on.

Which union employees lost their pensions?

 

[Jackburton]

exactly

 

[Jackburton]

Lots of union employees lost their defined benefit pension for a 401k match. It’s absolutely worth keeping an eye on.

Wrong, you have no idea what you’re talking about.

 

[some1else]

Which union employees lost their pensions?

UAW

Wrong, you have no idea what you’re talking about.

See above

 

[burrheadd]

UAW

See above

Aren’t we talking about upsers do you know anybody that works for ups that is UAW member
I think you’re on the wrong forum
Try UAWcafe
SMH

 

[some1else]

Aren’t we talking about upsers do you know anybody that works for ups that is UAW member
I think you’re on the wrong forum
Try UAWcafe
SMH

Ah you’re one of those “the center manager isn’t that bad he hasn’t fire me yet so he is ok” types.

 

[burrheadd]

Ah you’re one of those “the center manager isn’t that bad he hasn’t fire me yet so he is ok” types.

Are you related to @Jkloc420 you make about as much sense

 

[BadIdeaGuy]

IBM new 401k. Never heard of this before. Trying to understand IBMs new system.

MSN

This is definitely an interesting read, but I don’t think it belongs in the UPS discussions board.

It doesn’t affect anyone at UPS, and I haven’t heard UPS suggest anything like this…

 

[Over70irregs]

This is definitely an interesting read, but I don’t think it belongs in the UPS discussions board.

It doesn’t affect anyone at UPS, and I haven’t heard UPS suggest anything like this…

I can see where you could take that assessment. My thought is we have to be aware of possible changes and innovations, especially when it occurs in the Pension realm. Pension is basically the only thing that is differentiating us between the masses. Without the Pension, we are just Amazon, FedEx, etc. etc. In addition, we have a leadership that follows these boards. I know this because I was in the union office rooms and saw them following these websites. By staying ahead of the game and the curve we can stave off attacks on the very foundation for which we continue our employment.