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Newbie Here.. Want more info on Pension plan
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<blockquote data-quote="abbear" data-source="post: 83897" data-attributes="member: 61"><p>I am in the Western Conference pension. Several years ago our pension "fully funded" itself (meaning it has enough money to pay the benefits it is required to). The projected benefit was reduced and folks were hot. In retrospect, however, it was a good thing because now they don't make benefit projections based on the large gains the stack market had been making and the payments are more reality based.</p><p></p><p>We are not having the problems of the Central States pension.</p><p></p><p>And for those who wish that UPS held our pension solely remember Continental back in the 80's (lost all of their pension), United, Delta, and Northwest. What happened to their pensions was the result of them being single payer plans.</p><p></p><p>But with UPS once again trying to get its finger into the pie I have to agree: MAX OUT YOUR 401K.</p></blockquote><p></p>
[QUOTE="abbear, post: 83897, member: 61"] I am in the Western Conference pension. Several years ago our pension "fully funded" itself (meaning it has enough money to pay the benefits it is required to). The projected benefit was reduced and folks were hot. In retrospect, however, it was a good thing because now they don't make benefit projections based on the large gains the stack market had been making and the payments are more reality based. We are not having the problems of the Central States pension. And for those who wish that UPS held our pension solely remember Continental back in the 80's (lost all of their pension), United, Delta, and Northwest. What happened to their pensions was the result of them being single payer plans. But with UPS once again trying to get its finger into the pie I have to agree: MAX OUT YOUR 401K. [/QUOTE]
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Newbie Here.. Want more info on Pension plan
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