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<blockquote data-quote="Inthegame" data-source="post: 1125842" data-attributes="member: 37112"><p>Do a little math mon ami...You're doing numbers with todays contributions which most likely won't get returns as in the past and your expectation of 2-3 mil is way off. If I'm fortunate enough to not get run over by a bus and live to my life expectancy, I'll get over $1.15 ml from my Union controlled, <strong>professionally</strong> managed, green zone Pension Fund that in my working years has received less than $250K on my behalf. So with <em>todays</em> contribution rates of say $300 per week with a 6.5% yearly return (good luck with that rate, check CD's lately) you'll be lucky to have $1.3ml assuming 2008 doesn't hit again and you lose 33% of everything. And you're missing the big point. The union NEGOTIATES those contributions. UPS doesn't give them out of the goodness of their hearts (of which they seem to be lacking these days). You think this package would be available to you, the individual. Not a chance. It's available because of the collective strength of the organization, the same principle behind pensions. United we stand, divided we beg.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 1125842, member: 37112"] Do a little math mon ami...You're doing numbers with todays contributions which most likely won't get returns as in the past and your expectation of 2-3 mil is way off. If I'm fortunate enough to not get run over by a bus and live to my life expectancy, I'll get over $1.15 ml from my Union controlled, [B]professionally[/B] managed, green zone Pension Fund that in my working years has received less than $250K on my behalf. So with [I]todays[/I] contribution rates of say $300 per week with a 6.5% yearly return (good luck with that rate, check CD's lately) you'll be lucky to have $1.3ml assuming 2008 doesn't hit again and you lose 33% of everything. And you're missing the big point. The union NEGOTIATES those contributions. UPS doesn't give them out of the goodness of their hearts (of which they seem to be lacking these days). You think this package would be available to you, the individual. Not a chance. It's available because of the collective strength of the organization, the same principle behind pensions. United we stand, divided we beg. [/QUOTE]
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