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Brown Cafe UPS Forum
UPS Union Issues
Biggest scam is on all UPS hourly employees
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<blockquote data-quote="beentheredonethat" data-source="post: 167171" data-attributes="member: 4886"><p>First of all, Keep in mind I agree overall with your premise that the pension isn't what it should be due to multiple factors. However, I would disagree with the notion that the numbers are factual and can not be disputed. I'm disputing one main point. You are assuming that every year for the last 30 years the contribution rate was $11,128/yr. It hasn't been. As time has gone by the contribution rate has increased. I don't know what it's been each year but that. Pensions weren't designed so that people make way more in retirement then working. It doesn't make sense for someone to make 300K as a payout and still make 7K a month or 84K per year. However, what is being offered in a payout is way less then it should be. </p><p> </p><p>The only way for your numbers to be true is saying what will happen in 30 years (again assuming that there is no increase in the pension contribution). However, in 30 years will 1.2 million be worth what it is now?</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 167171, member: 4886"] First of all, Keep in mind I agree overall with your premise that the pension isn't what it should be due to multiple factors. However, I would disagree with the notion that the numbers are factual and can not be disputed. I'm disputing one main point. You are assuming that every year for the last 30 years the contribution rate was $11,128/yr. It hasn't been. As time has gone by the contribution rate has increased. I don't know what it's been each year but that. Pensions weren't designed so that people make way more in retirement then working. It doesn't make sense for someone to make 300K as a payout and still make 7K a month or 84K per year. However, what is being offered in a payout is way less then it should be. The only way for your numbers to be true is saying what will happen in 30 years (again assuming that there is no increase in the pension contribution). However, in 30 years will 1.2 million be worth what it is now? [/QUOTE]
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Biggest scam is on all UPS hourly employees
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