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Brown Cafe UPS Forum
UPS Union Issues
Low IQ Union leaders and interest on retro pay
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<blockquote data-quote="MyTripisCut" data-source="post: 4091559" data-attributes="member: 34797"><p>When you file a tax return, does the federal government pay you interest between the time you file and the time you receive your check?</p><p></p><p>The only reason the interest is significant is because of the large sum. Interest compounds more on a higher rate. Maybe we should be more concerned with the amount of money that wasn’t put into our pension funds and 401k contributions during this waiting period that could’ve compounded at a higher rate and a better cause.</p></blockquote><p></p>
[QUOTE="MyTripisCut, post: 4091559, member: 34797"] When you file a tax return, does the federal government pay you interest between the time you file and the time you receive your check? The only reason the interest is significant is because of the large sum. Interest compounds more on a higher rate. Maybe we should be more concerned with the amount of money that wasn’t put into our pension funds and 401k contributions during this waiting period that could’ve compounded at a higher rate and a better cause. [/QUOTE]
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