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UPS Union Issues
Congratulations on pension increase
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<blockquote data-quote="GameCockFan" data-source="post: 1134718" data-attributes="member: 44159"><p>Once more, in English this time. No idea what you're trying to say. To clarify, he is speaking of central states/ IBT/UPS plan. It's 106% funded. Just some numbers to refute the crap some are spewing on here.</p><p></p><p>I can retire in 5 years and receive $2650+ @ 47.(not going to) $31,800/year 25 full time years</p><p></p><p>I can retire in 10 years and receive $3400 @ 52 (no again) $40,800/year 30 full time years </p><p></p><p>I can retire in 15 years and receive $4258 @ 57 $51,096/year 35 full time years</p><p></p><p>i can retire in 20 years and receive $5788 @ 62 $69,456/year 40 full time years</p><p></p><p>I can retire in 25 years and receive $6383 @ 65 $76,596/year 45 full time years</p><p></p><p>There are 2 types of pensions. Years of service and defined benefit. You will receive whichever one is higher. 57-62 is looking pretty good to me. Drivers who started later, I had 15 years pre-2008, are going to receive much more. The accrual rate also increased this contract(not enough IMO) so these numbers are low.</p><p></p><p>All this bull<img src="http://*" alt="" class="fr-fic fr-dii fr-draggable " style="" /><img src="http://*" alt="" class="fr-fic fr-dii fr-draggable " style="" /><img src="http://*" alt="" class="fr-fic fr-dii fr-draggable " style="" /><img src="http://*" alt="" class="fr-fic fr-dii fr-draggable " style="" /> about how bad it is in the south for pension/healthcare is hogwash. The cost of living is super cheap here. I'm buying a 2870 sq ft home in a nice area. 4bed/3bath for $235K. If you save, fund your 401k,buy some company stock, live below your means, your going to have a great retirement.</p><p></p><p>A driver that started in 2008 and works 35 years will get $6100/month. Thats on par with any other plan at UPS.</p></blockquote><p></p>
[QUOTE="GameCockFan, post: 1134718, member: 44159"] Once more, in English this time. No idea what you're trying to say. To clarify, he is speaking of central states/ IBT/UPS plan. It's 106% funded. Just some numbers to refute the crap some are spewing on here. I can retire in 5 years and receive $2650+ @ 47.(not going to) $31,800/year 25 full time years I can retire in 10 years and receive $3400 @ 52 (no again) $40,800/year 30 full time years I can retire in 15 years and receive $4258 @ 57 $51,096/year 35 full time years i can retire in 20 years and receive $5788 @ 62 $69,456/year 40 full time years I can retire in 25 years and receive $6383 @ 65 $76,596/year 45 full time years There are 2 types of pensions. Years of service and defined benefit. You will receive whichever one is higher. 57-62 is looking pretty good to me. Drivers who started later, I had 15 years pre-2008, are going to receive much more. The accrual rate also increased this contract(not enough IMO) so these numbers are low. All this bull[IMG]*[/IMG][IMG]*[/IMG][IMG]*[/IMG][IMG]*[/IMG] about how bad it is in the south for pension/healthcare is hogwash. The cost of living is super cheap here. I'm buying a 2870 sq ft home in a nice area. 4bed/3bath for $235K. If you save, fund your 401k,buy some company stock, live below your means, your going to have a great retirement. A driver that started in 2008 and works 35 years will get $6100/month. Thats on par with any other plan at UPS. [/QUOTE]
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