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Brown Cafe UPS Forum
UPS Union Issues
Central States going broke---
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<blockquote data-quote="IVE GOTTA PACKAGE 4U" data-source="post: 4775862" data-attributes="member: 45051"><p>Pension contributions are based on 40 hours. So the hourly rate that you are not making anymore because you diverted some of it to the pension plan you are losing out on that money on overtime and the company gets the pocket that money</p><p>Plus the company is off to pay the matching social security and Medicare benefits on that diverter money and nor Do you get credit for that money for your social security</p><p>Unfortunately people do not know how to save for themselves if they did it'd be much better to put that money into your own 401K or IRA</p></blockquote><p></p>
[QUOTE="IVE GOTTA PACKAGE 4U, post: 4775862, member: 45051"] Pension contributions are based on 40 hours. So the hourly rate that you are not making anymore because you diverted some of it to the pension plan you are losing out on that money on overtime and the company gets the pocket that money Plus the company is off to pay the matching social security and Medicare benefits on that diverter money and nor Do you get credit for that money for your social security Unfortunately people do not know how to save for themselves if they did it'd be much better to put that money into your own 401K or IRA [/QUOTE]
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