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Forced Lunch break
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<blockquote data-quote="35years" data-source="post: 4959156" data-attributes="member: 60822"><p>Actually, your numbers way understate how much being paid 1/2 hour less in overtime is worth over a career.</p><p></p><p>1/2 hr OT=$29.75</p><p></p><p>If you did not skip your lunch (or work before punch in, or on break) , and instead invested that $29.75 (1/2 hour) in overtime into your 401k in stocks, you might be surprised...</p><p></p><p><strong>Over your career you are handing UPS nearly 2 million dollars !</strong></p><p></p><p> I assumed a conservative 8% return on investment in stocks (historically 9-10% long term). Also I assumed 3% annual raises (conservative compared to historical increases)</p><p>1/2 hr of overtime pay at a base rate of $39.67 per hour, 5 days a week.</p><p></p><p><strong>Your total is $1,795,064 after 35 years.</strong></p><p></p><p>You give them at least a half hour when you come in early to set up and look at you route, or set up on break, or leave break to the end to make your route "more efficient".</p><p></p><p>And Uncle Sam doesn't touch the 401k money until you withdraw it.</p></blockquote><p></p>
[QUOTE="35years, post: 4959156, member: 60822"] Actually, your numbers way understate how much being paid 1/2 hour less in overtime is worth over a career. 1/2 hr OT=$29.75 If you did not skip your lunch (or work before punch in, or on break) , and instead invested that $29.75 (1/2 hour) in overtime into your 401k in stocks, you might be surprised... [B]Over your career you are handing UPS nearly 2 million dollars ![/B] I assumed a conservative 8% return on investment in stocks (historically 9-10% long term). Also I assumed 3% annual raises (conservative compared to historical increases) 1/2 hr of overtime pay at a base rate of $39.67 per hour, 5 days a week. [B]Your total is $1,795,064 after 35 years.[/B] You give them at least a half hour when you come in early to set up and look at you route, or set up on break, or leave break to the end to make your route "more efficient". And Uncle Sam doesn't touch the 401k money until you withdraw it. [/QUOTE]
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