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Retiring with APWA
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<blockquote data-quote="satellitedriver" data-source="post: 188102" data-attributes="member: 1664"><p>You really should go back to school and retake math. I dodged nothing. 5.5% was the lowest reasonable interest rate to do the simple math. </p><p>Why did you dodge the simple effect of compounding interest?</p><p>APWA does not say that if you take the option a $300,000.00 lump sum that you will receive $7,000.00 a month. It says, if you take that option you will still recieve a pension.</p><p>If you live 50 years(105 yrs old) after retirement with CS, what will you receive? </p><p></p><p>Please, go to your pension plan and be as forthright as I have with the numbers that CS tells me is my benefit.</p><p>After 25 years at UPS I will net $761.00.(this has been explained in my previous posts). In 50 years that will not even buy a loaf of bread.</p><p>It is refreshing to read another accusation wrapped in a question.</p><p>Keep posting.</p></blockquote><p></p>
[QUOTE="satellitedriver, post: 188102, member: 1664"] You really should go back to school and retake math. I dodged nothing. 5.5% was the lowest reasonable interest rate to do the simple math. Why did you dodge the simple effect of compounding interest? APWA does not say that if you take the option a $300,000.00 lump sum that you will receive $7,000.00 a month. It says, if you take that option you will still recieve a pension. If you live 50 years(105 yrs old) after retirement with CS, what will you receive? Please, go to your pension plan and be as forthright as I have with the numbers that CS tells me is my benefit. After 25 years at UPS I will net $761.00.(this has been explained in my previous posts). In 50 years that will not even buy a loaf of bread. It is refreshing to read another accusation wrapped in a question. Keep posting. [/QUOTE]
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