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Brown Cafe UPS Forum
UPS Union Issues
Nys teamsters pension & retirement fund
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<blockquote data-quote="1989" data-source="post: 3185660" data-attributes="member: 10280"><p>A gradual cut over the 20 years (while contributions grew) would have saved the pension much more than 18%. Participants could have seen essentially a "freeze" in their yearly payout for a couple years. But as contributions grow, so does their yearly pay out.</p><p></p><p> 1.2% currently grosses about $2800 a year. (Depending on your supplements contributions) 2800 X 30 years = 84K.</p></blockquote><p></p>
[QUOTE="1989, post: 3185660, member: 10280"] A gradual cut over the 20 years (while contributions grew) would have saved the pension much more than 18%. Participants could have seen essentially a "freeze" in their yearly payout for a couple years. But as contributions grow, so does their yearly pay out. 1.2% currently grosses about $2800 a year. (Depending on your supplements contributions) 2800 X 30 years = 84K. [/QUOTE]
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