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<blockquote data-quote="Brownslave688" data-source="post: 1125845" data-attributes="member: 34439"><p>6% gets you 2 million 8% return gets u 3. They put $350 a week in for you. Those are not unreasonable returns at all. If your idea of investing is let it sit in a CD then yes a pension is better fr u. </p><p></p><p>What u don't take into account is say u live to be 90 and 2 million. That's all fine and dandy but u had to lie to be 90 to see it. Where as at 60 you could have 2 million and it could continue to grow as u pull some out. </p><p></p><p>I contend we would be better off if the union negotiated that amount to go into individual 401K instead of a pension. </p><p></p><p>The union will never do this I know.</p></blockquote><p></p>
[QUOTE="Brownslave688, post: 1125845, member: 34439"] 6% gets you 2 million 8% return gets u 3. They put $350 a week in for you. Those are not unreasonable returns at all. If your idea of investing is let it sit in a CD then yes a pension is better fr u. What u don't take into account is say u live to be 90 and 2 million. That's all fine and dandy but u had to lie to be 90 to see it. Where as at 60 you could have 2 million and it could continue to grow as u pull some out. I contend we would be better off if the union negotiated that amount to go into individual 401K instead of a pension. The union will never do this I know. [/QUOTE]
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