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Brown Cafe UPS Forum
UPS Retirement Topics
Thoughts on UPS 2016 Pension Buyout
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<blockquote data-quote="Luke Thighrocker" data-source="post: 2532106" data-attributes="member: 62249"><p>Have you taken into consideration what, retired members of the multi-employer fund are facing? </p><p></p><p>The $1,000 now vs. $10,000 in 20-30 doesn't carry much weight because, things change. You can give the best 30 years of your life to the company and two years after you retire, you can receive a letter that says, "sorry, you're only gonna get half of what you thought you were gonna get".</p><p></p><p>Furthermore, the future/tomorrow isn't guaranteed to any of us. I think that's an angle some people look from when considering taking a lump sum. You get a guaranteed amount vs uncertainty. </p><p></p><p>I also think, Frigid is off the mark with his reply.</p></blockquote><p></p>
[QUOTE="Luke Thighrocker, post: 2532106, member: 62249"] Have you taken into consideration what, retired members of the multi-employer fund are facing? The $1,000 now vs. $10,000 in 20-30 doesn't carry much weight because, things change. You can give the best 30 years of your life to the company and two years after you retire, you can receive a letter that says, "sorry, you're only gonna get half of what you thought you were gonna get". Furthermore, the future/tomorrow isn't guaranteed to any of us. I think that's an angle some people look from when considering taking a lump sum. You get a guaranteed amount vs uncertainty. I also think, Frigid is off the mark with his reply. [/QUOTE]
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