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Brown Cafe UPS Forum
UPS Retirement Topics
Pension security
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<blockquote data-quote="olroadbeech" data-source="post: 4125256" data-attributes="member: 52145"><p>First of all do you think UPS is going out of business anytime soon?</p><p></p><p>What pension conference are you in? We are in the Western which has one the strongest pensions in the country. Every year we receive a financial report stating assets , liabilities , funding % ( which is an important # ). The government will step in if that number falls below a certain number and I am pretty sure there is pension insurance. What approx. would be your pension at age 60 if the pension is good? Just wondering since you said it would be $1358 if it failed . Is that half or worse?</p><p></p><p>Anyway , try not to have all your eggs in the pension basket . We also have the 401k, IRA's , social security for both of us coming in now and we were very fortunate enough to pay off our house ahead of schedule and about a year before I retired.</p></blockquote><p></p>
[QUOTE="olroadbeech, post: 4125256, member: 52145"] First of all do you think UPS is going out of business anytime soon? What pension conference are you in? We are in the Western which has one the strongest pensions in the country. Every year we receive a financial report stating assets , liabilities , funding % ( which is an important # ). The government will step in if that number falls below a certain number and I am pretty sure there is pension insurance. What approx. would be your pension at age 60 if the pension is good? Just wondering since you said it would be $1358 if it failed . Is that half or worse? Anyway , try not to have all your eggs in the pension basket . We also have the 401k, IRA's , social security for both of us coming in now and we were very fortunate enough to pay off our house ahead of schedule and about a year before I retired. [/QUOTE]
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