Union Pension too dependent on brown?

[IVE GOTTA PACKAGE 4U]

You won’t care then.

I just ran some numbers things are looking better

 

[zubenelgenubi]

New York Post article, say no more. Might as well be in the National Enquirer, same credibility.

 

[rod]

Social security is exactly the same way.
If you made $50,000 a yearduring your entire career and I made $100,000, I wouldn't get double of what you get even though I paid double .

Good good

 

[Coldworld]

Social security is exactly the same way.
If you made $50,000 a yearduring your entire career and I made $100,000, I wouldn't get double of what you get even though I paid double .

 

[Coldworld]

Just having some fun with you … geezzzus..dude

 

[Coldworld]

Thanks buddy

 

[ThePackageDeli]

But there were are less companies now and UPS was having to pay more. Sounds like a bunch of commie gobbledygook if ya ask me. Each company should have its own pension based on what the company can provide to its workers. UPS makes enough to run its own and if smaller companies can’t provide enough to meet a certain threshold then with company and union input create agreements between different companies and the union to have multi employer pensions. At least in a perfect world. Problem is people live too long now, retire too early and drain the system for decades. Pensions were great when you retired at 62 and died at 68 now you retire at 25 years and if you started at 21 like me you can retire at 46 and collect a pension for 40 years or more. Longer than what you worked for in the first place. Not a good system anymore. Same problem with social security. Throwing more money at it won’t solve it, needs some serious reform but when you start talking about taking away money you got a lot of blowback so we’re just stuck in a spiraling problem. The plans were better back in the day but you only had people living off them for a couple of years.

A pension is like corporate welfare isn't it? In my view, a pension is a safety net for people who aren't responsible enough to make wise financial decisions throughout their working life. Because if they had, they would've become self-insured by retirement age with millions in investments. Which is way better than a pension.

 

[Re-Raise]

You do know who your profile picture is, don’t you?

Start there Cletus and read his post really slowly

Response from person who lives on this site in 3…2…1

 

[Wally]

And what happens if you die before age 70?

You lost the bet.

Also plenty that lost the bet taking ss too early. Inflation eating everything up.

 

[IVE GOTTA PACKAGE 4U]

You lost the bet.

Also plenty that lost the bet taking ss too early. Inflation eating everything up.

Yep they don't have a choice

 

[Wally]

Yep they don't have a choice

Work a few more years? Many cash out first chance they can.

 

[IVE GOTTA PACKAGE 4U]

Work a few more years? Many cash out first chance they can.

Would you want to do this job till you're 65 or 70?

 

[Wally]

Would you want to do this job till you're 65 or 70?

65 would be the limit.

I was thinking more in terms of those without pensions. They cash in early and years later they are broke and forced back to work.

 

[IVE GOTTA PACKAGE 4U]

65 would be the limit.

I was thinking more in terms of those without pensions. They cash in early and years later they are broke and forced back to work.

I guess it depends on how old you was when you started here

 

[Over70irregs]

A pension is like corporate welfare isn't it? In my view, a pension is a safety net for people who aren't responsible enough to make wise financial decisions throughout their working life. Because if they had, they would've become self-insured by retirement age with millions in investments. Which is way better than a pension.

Big intentional financial education gap from youth to adulthood is the culprit. When your saved dollar is guaranteed to go to 0 indicates a flawed system. Then people turn around and blame you for being short or lacking.

 

[Over70irregs]

first off, i think the pension is pre-funded so it wouldn't stop if UPS went out of business tomorrow. second, i'm not sure what you think the alternative would be exactly, aren't all pensions funded by the company the employees work for? how would it work otherwise? like if boeing and sodexo also were on the hook for all our pensions UPS going out of business would just drag the other companies down the same hole, what company would agree to such a scheme, there's no upside!? and then, what do you expect anyone to do about it?

Invest in technology that allows you to do more with less.

 

[I have been lurking]

Would you want to do this job till you're 65 or 70?

They're scared that if they stop working, they die

 

[zubenelgenubi]

They're scared that if they stop working, they die

Institutionalized.

 

[PT Car Washer]

They're scared that if they stop working, they die

For a good reason.

 

[Over70irregs]

They're scared that if they stop working, they die

When mankind was thrown out of the garden they were cursed to till the ground. Grab a gym membership is the modern interpretation.