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UPS Union Issues
Danny Eason on WLW Radio
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<blockquote data-quote="nospinzone" data-source="post: 225161" data-attributes="member: 1335"><p>No, I understand. Now you're trying to compare the purchasing power in 2007 of your $2800 IBT pension to the purchasing power in 2037 of the $7000 APWA pension. Apples and oranges wouldn't you say? Let's keep the playing field level. Below is a comparison of each pensions projected purchasing power in 2037, assuming that Central States is still solvent then. Remember, they are only funded in the 50% range. </p><p></p><p><strong>APWA pension:</strong> $7000 in year 2037 will have the 2007 equivalent purchasing power of <span style="color: Red">$2,807.05 </span></p><p> <strong>IBT pension:</strong> $2800 in year 2037 will have the 2007 equivalent purchasing power of <span style="color: red">$1,122.82</span></p><p><a href="http://www.forbes.com/tools/calculator/investment_power.jhtml" target="_blank"><span style="color: Red"><span style="font-size: 9px">SOURCE</span></span></a><span style="font-size: 9px"> usinge average annual return of 0% (no investment returns) and inflation rate of 3%</span></p><p></p><p>APWA is still doubling the IBT's projected payout. This does not take into account the COLA that the APWA has included in their pension goals.</p></blockquote><p></p>
[QUOTE="nospinzone, post: 225161, member: 1335"] No, I understand. Now you're trying to compare the purchasing power in 2007 of your $2800 IBT pension to the purchasing power in 2037 of the $7000 APWA pension. Apples and oranges wouldn't you say? Let's keep the playing field level. Below is a comparison of each pensions projected purchasing power in 2037, assuming that Central States is still solvent then. Remember, they are only funded in the 50% range. [B]APWA pension:[/B] $7000 in year 2037 will have the 2007 equivalent purchasing power of [COLOR="Red"]$2,807.05 [/COLOR] [B]IBT pension:[/B] $2800 in year 2037 will have the 2007 equivalent purchasing power of [COLOR="red"]$1,122.82[/COLOR] [URL="http://www.forbes.com/tools/calculator/investment_power.jhtml"][COLOR="Red"][SIZE="1"]SOURCE[/SIZE][/COLOR][SIZE="1"][/size][/URL][SIZE="1"] usinge average annual return of 0% (no investment returns) and inflation rate of 3%[/SIZE] APWA is still doubling the IBT's projected payout. This does not take into account the COLA that the APWA has included in their pension goals. [/QUOTE]
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