Upcoming 401(k) Changes

[falcon back]

Let's see how it goes over the next ten years. I'm certain you'll be here.

You will be on pins and needles every year the raise question comes up again. Why do raises keep you up at night?

 

[MAKAVELI]

Here's how it'll go: they'll allow it to continue on schedule when it's prudent, and they won't when it's not.

Why wasn't it prudent this year?

 

[vantexan]

Here's how it'll go: they'll allow it to continue on schedule when it's prudent, and they won't when it's not.

So when they're making tons of profit it's not prudent. Gotcha.

 

[59 Dano]

Why wasn't it prudent this year?

Global pandemic.

 

[59 Dano]

So when they're making tons of profit it's not prudent. Gotcha.

They're making tons of profit due to a temporary circumstance and you think that justifies making a long-term financial commitment.

Sound financial advice from a guy who pissed away a windfall that anyone with half a brain would have saved.

 

[MAKAVELI]

Global pandemic.

Which they made a grip of $ off of. Try again.....

 

[MAKAVELI]

They're making tons of profit due to a temporary circumstance and you think that justifies making a long-term financial commitment.

Sound financial advice from a guy who pissed away a windfall that anyone with half a brain would have saved.

Every year is a temporary circumstance. That's a lame excuse.

 

[vantexan]

They're making tons of profit due to a temporary circumstance and you think that justifies making a long-term financial commitment.

Sound financial advice from a guy who pissed away a windfall that anyone with half a brain would have saved.

So in other words the step progression pay plan was never legitimate. If they can't keep to it now how will they when the "temporary circumstance" goes away?

As far as my "windfall" goes that was all on paper. The market took a huge dip and knocked me out of it. Then a freeze warning in Brazil came and it exploded upward. All I could do was watch. A day late and a dollar short. The difference between you and me is I have no problem telling you about this. I suspect you would never admit to coming up short.

 

[AB831]

So in other words the step progression pay plan was never legitimate. If they can't keep to it now how will they when the "temporary circumstance" goes away?

As far as my "windfall" goes that was all on paper. The market took a huge dip and knocked me out of it. Then a freeze warning in Brazil came and it exploded upward. All I could do was watch. A day late and a dollar short. The difference between you and me is I have no problem telling you about this. I suspect you would never admit to coming up short.

Of course the step progression plan was never legitimate. What have they honored it, like 25% of the time since instituting it?

 

[Cactus]

Global pandemic.

That’s just a crutch. LMAO.

We’re not as dumb as you look.

 

[falcon back]

That’s just a crutch. LMAO.

We’re not as dumb as you look.

In your care, you are as dumb as he looks.

 

[falcon back]

In your case, you are as dumb as he looks.

Typo

 

[AB831]

Global pandemic.

I’m surprised you believe there’s a global pandemic since you’re a MAGA Faux News guy.

 

[vantexan]

Of course the step progression plan was never legitimate. What have they honored it, like 25% of the time since instituting it?

I believe it started in 2016 and they honored it every year until this year. That would be 80%. I may be wrong.

 

[AB831]

I believe it started in 2016 and they honored it every year until this year. That would be 80%. I may be wrong.

I left November of 2020. The last time I went up a step was April of 2018. So I guess, it was more like 50%. We met in the middle

 

[vantexan]

I left November of 2020. The last time I went up a step was April of 2018. So I guess, it was more like 50%. We met in the middle

They gave what, 2% in 2020? What was the raise in 2019?

 

[McFeely]

They gave what, 2% in 2020? What was the raise in 2019?

2% in Oct 2019. 2% in 2020.
Step plan started in 2016.

 

[vantexan]

2% in Oct 2019. 2% in 2020.
Step plan started in 2016.

OK, 60% of the time since inception, not 25%. For whatever reason they didn't give it in 2019, there shouldn't have been an excuse for 2020 considering they've been blown out most of the year. When we got 2% raises years ago it apparently was to put money into Ground infrastructure. Can only surmise at this point that they're trying to make up lost ground for recent expensive mistakes they've made while still keeping profits up for Wall Street. And as usual taking from employees to do it.

 

[McFeely]

And technically the raise in 2016 was not generally a full step for everyone. Some people got close to 6% and some got much closer to 3%.

 

[59 Dano]

Which they made a grip of $ off of. Try again.....

Every year is a temporary circumstance. That's a lame excuse.

Only an idiot would look at such an extraordinary set of circumstances whose extent nor intensity can be predicted and think that they justify long-term financial commitments on such a large scale.