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UPS Retirement Topics
Is Central States pension fund ready to go under?
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<blockquote data-quote="area43" data-source="post: 232863" data-attributes="member: 4862"><p>Krash, welcome to the discussion. Please go back and read permalinks #241 and #242. My solution to the problem still has kinks to be worked out. Its a rough draft. Krash you bring out a good point. I believe it could work out like this. The Teamster's who by the way works on our behalf would negotiate our weekly pension contributions with UPS. Now, this is the kicker, Krash the monies would go into a personal account with your own name such as a 401k(not everyone participates), Roth IRA, or just a plan IRA. As Tie pointed out there would be none of this vested(was 10 yrs I believe its 5 now) type of crap. Krash, I'll use the 401k as my example. To address the rest of your questions. If you CHOOSE to put your weekly 214 dollars a week(I believe it has gone up) in your 401k than we all know YOU have the Individual Freedom to choose what fund your money will go into. Ex. S & P 500, Mid Cap 400, Russell 2000, etc, etc. Krash YOU would pick the plan. Krash YOU would oversee the Plan. Krash what would you receive without a middle man. LMAO Not to be rude but I believe Cheryl would have to put a closed sign on the Labor Forum. As I have said before it would elemanant all the problems. Especially the corruption part. </p><p> </p><p>Jon would be bored to death. No more fact finding missions. One part I like about cutting the middle man out is that if a driver decides to leave after 8 yrs or whatever, he has his big stash of cash to go with him. How's that for Individual freedom. Krash, I hope I've been clear on about "Cutting OUT the middle Man out". The less hands on your cash. The better off you will be.</p></blockquote><p></p>
[QUOTE="area43, post: 232863, member: 4862"] Krash, welcome to the discussion. Please go back and read permalinks #241 and #242. My solution to the problem still has kinks to be worked out. Its a rough draft. Krash you bring out a good point. I believe it could work out like this. The Teamster's who by the way works on our behalf would negotiate our weekly pension contributions with UPS. Now, this is the kicker, Krash the monies would go into a personal account with your own name such as a 401k(not everyone participates), Roth IRA, or just a plan IRA. As Tie pointed out there would be none of this vested(was 10 yrs I believe its 5 now) type of crap. Krash, I'll use the 401k as my example. To address the rest of your questions. If you CHOOSE to put your weekly 214 dollars a week(I believe it has gone up) in your 401k than we all know YOU have the Individual Freedom to choose what fund your money will go into. Ex. S & P 500, Mid Cap 400, Russell 2000, etc, etc. Krash YOU would pick the plan. Krash YOU would oversee the Plan. Krash what would you receive without a middle man. LMAO Not to be rude but I believe Cheryl would have to put a closed sign on the Labor Forum. As I have said before it would elemanant all the problems. Especially the corruption part. Jon would be bored to death. No more fact finding missions. One part I like about cutting the middle man out is that if a driver decides to leave after 8 yrs or whatever, he has his big stash of cash to go with him. How's that for Individual freedom. Krash, I hope I've been clear on about "Cutting OUT the middle Man out". The less hands on your cash. The better off you will be. [/QUOTE]
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Is Central States pension fund ready to go under?
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