Artificially low interest rates maintained by the Federal Reserve has destroyed pension funds. ZIRP is theft by deception.
I’m sure people on high are eyeing the western pension, ready to jack it over like the other pensions. Aug 1 is coming time to put aside more.That and I believe the lack of understanding how our pension actually works. Even I still don't fully understand it and just a few years ago didn't know anything about it really.
If our pension and health and welfare benefits are tied into our individual compensation per (Article 34, Master) weekly monetary contributions into those plans then why are there so many disparities with each one of those benefit plans across the nation?Speaking for someone who works in one of the most expensive places in the U.S. all while I essentially make what drivers do in the South and the Central States area, why is it now that inequities in compensation a concern?
One could argue that my pensions health is the counter balance to the pay disparity. To clarify my position, my obligation to the other unhealthy pensions in UPS is as much as the other areas feeling of obligation to the blatant inequalities in our pay structure.
Is Western that much better? How?
You're not the lone ranger. Very few members have any understanding of why some pensions work and some struggle, including some posters who think they do.That and I believe the lack of understanding how our pension actually works. Even I still don't fully understand it and just a few years ago didn't know anything about it really.