How Bad Will Peak Be?

[clutternutter]

The figures the calculator produces are to the cent. It gives to the cent figures for the various survivorship options that are available as well. It also calculates how much your portable pension will appreciate to at the current interest rate should you also delay collecting that. They will provide printed copies of the calculations on request. I assume this information is available to any employee who has registered as a user on the site. There is no disclaimer. It would be pretty stupid to intentionally deceive that many people just because they can.

 

[falcon back]

The figures the calculator produces are to the cent. It gives to the cent figures for the various survivorship options that are available as well. It also calculates how much your portable pension will appreciate to at the current interest rate should you also delay collecting that. They will provide printed copies of the calculations on request. I assume this information is available to any employee who has registered as a user on the site. There is no disclaimer. It would be pretty stupid to intentionally deceive that many people just because they can.

Don't waste your breath. He will never believe your calculations or anything he is told about the pension increase. Because he thinks it's not true, no amount of proof will convince him.

 

[vantexan]

You are correct. I don't belive my pension is gonna increase to 80% by waiting 5 years. I KNOW it is. That fact was verified by the retirement department. It's a real shame you missed out.

If you say so. Good luck!

 

[vantexan]

The figures the calculator produces are to the cent. It gives to the cent figures for the various survivorship options that are available as well. It also calculates how much your portable pension will appreciate to at the current interest rate should you also delay collecting that. They will provide printed copies of the calculations on request. I assume this information is available to any employee who has registered as a user on the site. There is no disclaimer. It would be pretty stupid to intentionally deceive that many people just because they can.

Yes, and people firmly believed that if they bought a few thousand Iraqi Dinars they would become millionaires. People can misunderstand something but believe they are right. You may be right. I may be right. Before you wait a number of years to collect your pension thinking it will be a good deal larger you may want to get that in writing that it will increase that much. It doesn't cost you anything to call and talk to someone.

Lets say your 5 year average is $50k. Let's say you got 25 qualified years on your pension. You would get $25k annually at 60 under the traditional pension. According to you guys if you wait 5 years to take it you would get $40k a year. Extra $15k a year. If you had taken $25k a year at 60 you would have collected $125k by 65. How long with an extra $15k a year would it take to recoup that $125k? A little over 8 years. So at 73 the company would start shelling out more than it saved with you waiting. If you lived to exactly 10 years later they will have given you an extra $150k. Now magnify that by potentially thousands who waited once they heard about this. And potentially thousands living a good deal longer than 83. There's a reason insurance companies have actuaries figuring out what to charge people for policies vs the chances of them collecting after reaching a certain age. Honestly I hope you get it. Good for you if you do. But it would be foolish to wait those 5 years without checking first and realizing you left a lot of money on the table.

 

[falcon back]

Yes, and people firmly believed that if they bought a few thousand Iraqi Dinars they would become millionaires. People can misunderstand something but believe they are right. You may be right. I may be right. Before you wait a number of years to collect your pension thinking it will be a good deal larger you may want to get that in writing that it will increase that much. It doesn't cost you anything to call and talk to someone.

Lets say your 5 year average is $50k. Let's say you got 25 qualified years on your pension. You would get $25k annually at 60 under the traditional pension. According to you guys if you wait 5 years to take it you would get $40k a year. Extra $15k a year. If you had taken $25k a year at 60 you would have collected $125k by 65. How long with an extra $15k a year would it take to recoup that $125k? A little over 8 years. So at 73 the company would start shelling out more than it saved with you waiting. If you lived to exactly 10 years later they will have given you an extra $150k. Now magnify that by potentially thousands who waited once they heard about this. And potentially thousands living a good deal longer than 83. There's a reason insurance companies have actuaries figuring out what to charge people for policies vs the chances of them collecting after reaching a certain age. Honestly I hope you get it. Good for you if you do. But it would be foolish to wait those 5 years without checking first and realizing you left a lot of money on the table.

I will commend you on your math calculations. I posted a while back on this same posting that my BREAK EVEN age was 72. You had 73, good job. Even then, my spouse will see the increases if I pass before 72, so it will still be a plus for her.

 

[falcon back]

Yes, and people firmly believed that if they bought a few thousand Iraqi Dinars they would become millionaires. People can misunderstand something but believe they are right. You may be right. I may be right. Before you wait a number of years to collect your pension thinking it will be a good deal larger you may want to get that in writing that it will increase that much. It doesn't cost you anything to call and talk to someone.

Lets say your 5 year average is $50k. Let's say you got 25 qualified years on your pension. You would get $25k annually at 60 under the traditional pension. According to you guys if you wait 5 years to take it you would get $40k a year. Extra $15k a year. If you had taken $25k a year at 60 you would have collected $125k by 65. How long with an extra $15k a year would it take to recoup that $125k? A little over 8 years. So at 73 the company would start shelling out more than it saved with you waiting. If you lived to exactly 10 years later they will have given you an extra $150k. Now magnify that by potentially thousands who waited once they heard about this. And potentially thousands living a good deal longer than 83. There's a reason insurance companies have actuaries figuring out what to charge people for policies vs the chances of them collecting after reaching a certain age. Honestly I hope you get it. Good for you if you do. But it would be foolish to wait those 5 years without checking first and realizing you left a lot of money on the table.

Both clutter and I have posted there is existence of written documentation from the Retirement Dept confirming the increase. Apparently you have trouble understanding the concept of written documentation. Since you aren't able to use the retirement website and are so incensed that I will get the increase and you won't, I guess you will just have to continue to lose sleep over the good fortune of those that waited.

 

[yadig]

They have ridden themselves of new legacy costs, minus the pilots.

Fact is the company deals with current costs daily (pertaining to labor), employees need to do the same and add on for the future, exactly how the company projects for the future.

Unionize.

I know to many I may sound like a leftist, I assure you I am not.

I concur. I’m a conservative and vote my conscience. I would support unionizing FedEx, it’s time!

 

[vantexan]

Both clutter and I have posted there is existence of written documentation from the Retirement Dept confirming the increase. Apparently you have trouble understanding the concept of written documentation. Since you aren't able to use the retirement website and are so incensed that I will get the increase and you won't, I guess you will just have to continue to lose sleep over the good fortune of those that waited.

He put up screenshots but no documentation of a 10% annual increase. So where is your screenshot? You're more than welcome to shut me up on the subject with actual proof.

 

[SFFX]

Can the Pension keyboard commandos make a different thread for their pissing contest? It has nothing to with the tread topic, its been days of it.

 

[Star B]

Can the Pension keyboard commandos make a different thread for their pissing contest? It has nothing to with the tread topic, its been days of it.

we wish they'd just get a room and lemon party it out.

 

[falcon back]

He put up screenshots but no documentation of a 10% annual increase. So where is your screenshot? You're more than welcome to shut me up on the subject with actual proof.

LOL. I would but I am too busy planning my future 80% TPB

 

[vantexan]

Can the Pension keyboard commandos make a different thread for their pissing contest? It has nothing to with the tread topic, its been days of it.

We're trying to make your peak worse!

 

[vantexan]

LOL. I would but I am too busy planning my future 80% TPB

The thread police are after us. Enjoy your 80% pension.

 

[falcon back]

The thread police are after us. Enjoy your 80% pension.

I will, in just a few more years. Sweet

 

[59 Dano]

I won't argue what you said, your story changes.


I read the damn findings, and fedex was not a litigant.
The court made no ruling on Fedex because they were not a respondent.
You're either an idiot or just a homer.

I told you before, run it by your legal boys, you're the advanced placement guy.

I'll make a definitive statement, you're a legal . dumas if the previous description doesn't pass muster.

Sorry, man. The court recognizes and acknowledges it. Doesn't matter what you or I think. Focus your LSD-fueled syntax on something else.

 

[MassWineGuy]

Here’s an attempt to get this back to what the thread is about.

I don’t know when my station had a worse day than today. Apparently, a truck with freight from the airport broke down in the morning. So instead of just getting lots of a.m. stuff, the Response crew got a ton, in addition to our own high volume. Overall, we had well over 250 unattempteds.

I’m so thrilled that Fred S is confident that the company will deliver everything on time. He’s many things, but not stupid. So he either knows the reality and is lying, or is so disconnected that he doesn’t know what’s really happening.

 

[MAKAVELI]

So he either knows the reality and is lying, or is so disconnected that he doesn’t know what’s really happening.

Both.

 

[MassWineGuy]

Both.

Yes. I suppose so.

 

[falcon back]

Here’s an attempt to get this back to what the thread is about.

I don’t know when my station had a worse day than today. Apparently, a truck with freight from the airport broke down in the morning. So instead of just getting lots of a.m. stuff, the Response crew got a ton, in addition to our own high volume. Overall, we had well over 250 unattempteds.

I’m so thrilled that Fred S is confident that the company will deliver everything on time. He’s many things, but not stupid. So he either knows the reality and is lying, or is so disconnected that he doesn’t know what’s really happening.

Try not to fret over it too much. I realize your the type that worries a lot. You should leave that to managers and above. Take a dead breath and relax.

 

[bacha29]

Here’s an attempt to get this back to what the thread is about.

I don’t know when my station had a worse day than today. Apparently, a truck with freight from the airport broke down in the morning. So instead of just getting lots of a.m. stuff, the Response crew got a ton, in addition to our own high volume. Overall, we had well over 250 unattempteds.

I’m so thrilled that Fred S is confident that the company will deliver everything on time. He’s many things, but not stupid. So he either knows the reality and is lying, or is so disconnected that he doesn’t know what’s really happening.

I saw a report the other day stating that peak season volume will exceed total industry capacity by 4-5 million boxes a day. I saw too where in an attempt to beat the maritime shipping nightmare Walmart purchased it's own fleet of container vessels but still has to wait for it's turn to offload at the port same as everybody else. Something like 78 container ships were waiting in the harbor as of a couple of days ago. Fortunately, faced with the prospect of daily fines containers once offloaded are getting on their way to their destinations a bit faster.
In past years at Ground things would slow down sometimes quite a a bit 3-4 days before Christmas. I wouldn't be surprised if this year it's the complete opposite.