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FedEx Portable Pension Plan Sucks vs. UPS Plan
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<blockquote data-quote="JonFrum" data-source="post: 285069"><p>If you put in three years in a Teamsters-sponsored pension plan you get ZERO! If you put in a forth year, you also get ZERO. Your contributions are confiscated by the fund. If you put in a fifth year, you get a small pension which is collectible about one or two or three decades from now when you are 65 years old. Inflation will have drastically reduced the value of your age-65 pension amount in the interveening years. [I realize some Teamster pension amounts are in the $3000-$5000 range, but you are citing what you earned in three years. So I'm comparing apples to apples. Three years to three years.]</p><p></p><p></p><p></p><p>Mr Hoffa is quite busy presiding over the slow colapse of the Teamsters Union. When he gets the time, a smoke-and-mirrors campaign will be arranged that will at least appear to address your concerns. Thank you for calling the Teamsters. The most powerful union in the world.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 285069"] If you put in three years in a Teamsters-sponsored pension plan you get ZERO! If you put in a forth year, you also get ZERO. Your contributions are confiscated by the fund. If you put in a fifth year, you get a small pension which is collectible about one or two or three decades from now when you are 65 years old. Inflation will have drastically reduced the value of your age-65 pension amount in the interveening years. [I realize some Teamster pension amounts are in the $3000-$5000 range, but you are citing what you earned in three years. So I'm comparing apples to apples. Three years to three years.] Mr Hoffa is quite busy presiding over the slow colapse of the Teamsters Union. When he gets the time, a smoke-and-mirrors campaign will be arranged that will at least appear to address your concerns. Thank you for calling the Teamsters. The most powerful union in the world. [/QUOTE]
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FedEx Portable Pension Plan Sucks vs. UPS Plan
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