Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
Is Central States pension fund ready to go under?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="area43" data-source="post: 235726" data-attributes="member: 4862"><p>I understand your plight. Lets say at 10 years left cut out the middle man plan you would have and I will use Eng 79's $234(Va. is $273 a week I wonder why is there a difference, is $ 234 the correct figure for the CS plan). Ok first for the buy out lets say you have 15 years allready in. Do the math, the teamsters will give you all the money back plus 4 % on top of that for the 15 years. Crisis here folks. Full time,Im talking about here. OK, than that money is put into an IRA with your name on it. That money cannot be touched by UPS or Teamsters. Than from here on out the $234 a week will be put into your account. Lets say the 15 year buy out is 9 gran(average of 15 years ago untill now, not always $234 a week) a year with 4 % added to it. that would be roughly be about 135 gran you would get off the bat into your IRA. Than the contributions at $234 a week would be roughly( I have to go to work in a hurry, my numbers might be a little rough, est. sorry) would another 11 gran a year for 10 years. With no earnings that would be roughly 250 gran after 10 years. Cezanne that would be your nest egg. Not bad. I also assume you are maybe close to getting SS. Add that, and your not looking bad at all. Now, If you are pt, I do have things to say about that at a later date. sincerely a43 ps the $214 a week I used early was for 2004 contributions in the joint 83 plan. Sorry, for using out dated numbers.</p></blockquote><p></p>
[QUOTE="area43, post: 235726, member: 4862"] I understand your plight. Lets say at 10 years left cut out the middle man plan you would have and I will use Eng 79's $234(Va. is $273 a week I wonder why is there a difference, is $ 234 the correct figure for the CS plan). Ok first for the buy out lets say you have 15 years allready in. Do the math, the teamsters will give you all the money back plus 4 % on top of that for the 15 years. Crisis here folks. Full time,Im talking about here. OK, than that money is put into an IRA with your name on it. That money cannot be touched by UPS or Teamsters. Than from here on out the $234 a week will be put into your account. Lets say the 15 year buy out is 9 gran(average of 15 years ago untill now, not always $234 a week) a year with 4 % added to it. that would be roughly be about 135 gran you would get off the bat into your IRA. Than the contributions at $234 a week would be roughly( I have to go to work in a hurry, my numbers might be a little rough, est. sorry) would another 11 gran a year for 10 years. With no earnings that would be roughly 250 gran after 10 years. Cezanne that would be your nest egg. Not bad. I also assume you are maybe close to getting SS. Add that, and your not looking bad at all. Now, If you are pt, I do have things to say about that at a later date. sincerely a43 ps the $214 a week I used early was for 2004 contributions in the joint 83 plan. Sorry, for using out dated numbers. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
Is Central States pension fund ready to go under?
Top