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I A M penison out of money
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<blockquote data-quote="barnyard" data-source="post: 4059542" data-attributes="member: 13921"><p>That may very well be and yet here we are, with a population that has not saved for retirement, does not work for a company that pays a pension or relies on a pension that is dying. Before I worked at UPS, every company that I had worked for offered 401k matches for retirement, but nothing else. No pension or any other retirement plan.</p><p></p><p>Contribution limits were put on 401k accounts to prevent companies from paying executives large amounts of tax deferred pay. The time is come that 401k rules need to catch up with the reality of how people are using them. Until then, any proposal by UPS to convert the pension to individual 401k accounts has to be dead in the water.</p></blockquote><p></p>
[QUOTE="barnyard, post: 4059542, member: 13921"] That may very well be and yet here we are, with a population that has not saved for retirement, does not work for a company that pays a pension or relies on a pension that is dying. Before I worked at UPS, every company that I had worked for offered 401k matches for retirement, but nothing else. No pension or any other retirement plan. Contribution limits were put on 401k accounts to prevent companies from paying executives large amounts of tax deferred pay. The time is come that 401k rules need to catch up with the reality of how people are using them. Until then, any proposal by UPS to convert the pension to individual 401k accounts has to be dead in the water. [/QUOTE]
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