Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
pension question
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="beentheredonethat" data-source="post: 107027" data-attributes="member: 4886"><p>Also, for non union a while ago, not sure exactly when they did it, the company altered the HW benefit at retirement to stay pretty much the same for people who are retired and pretty close to retirement. For people like me who have way too many years to go, we will get less of a benefit. The story that was told to us, is that we younger guys have the advantage of a 401K with company match that the older guys didn't have. The idea of pension plans is slowly dying (unfortunately). Everyone will have to rely on themselves to save for their own retirement. Can you imagine people who retired from some of the airline pension plans thinking they were going to get huge pensions for life find out that the pension is now capped. Gulp, that would definitely alter your whole retirement.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 107027, member: 4886"] Also, for non union a while ago, not sure exactly when they did it, the company altered the HW benefit at retirement to stay pretty much the same for people who are retired and pretty close to retirement. For people like me who have way too many years to go, we will get less of a benefit. The story that was told to us, is that we younger guys have the advantage of a 401K with company match that the older guys didn't have. The idea of pension plans is slowly dying (unfortunately). Everyone will have to rely on themselves to save for their own retirement. Can you imagine people who retired from some of the airline pension plans thinking they were going to get huge pensions for life find out that the pension is now capped. Gulp, that would definitely alter your whole retirement. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Retirement Topics
pension question
Top