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Brown Cafe UPS Forum
UPS Union Issues
Has our union proven themselves useless at this point?
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<blockquote data-quote="Brownslave688" data-source="post: 1470958" data-attributes="member: 34439"><p>You think your pension is guaranteed? Not checked out the news lately?</p><p></p><p>How do you think pension money grows? Same as a 401k. If the market crashes that hard we have bigger problems. Also where a 401k is an advantage is you can choose to pull out less if the market crashes. Pensions cant do this so they lose big during market downturns. </p><p></p><p>I'll seperate the pension monies from the 401k. If you work 35 years with today's contributions and 7-8% growth. You'd be looking at somewhere between 2-2.5 million in the bank when you retire. That's not including possible future gains that you have control of. </p><p></p><p>At a 4k a month pension you'd have to live over 40 years in retirement to see the low end of that back in pension money. These are not unreasonable numbers.</p></blockquote><p></p>
[QUOTE="Brownslave688, post: 1470958, member: 34439"] You think your pension is guaranteed? Not checked out the news lately? How do you think pension money grows? Same as a 401k. If the market crashes that hard we have bigger problems. Also where a 401k is an advantage is you can choose to pull out less if the market crashes. Pensions cant do this so they lose big during market downturns. I'll seperate the pension monies from the 401k. If you work 35 years with today's contributions and 7-8% growth. You'd be looking at somewhere between 2-2.5 million in the bank when you retire. That's not including possible future gains that you have control of. At a 4k a month pension you'd have to live over 40 years in retirement to see the low end of that back in pension money. These are not unreasonable numbers. [/QUOTE]
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Has our union proven themselves useless at this point?
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