Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
UPS LATEST PROPOSAL
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Red Headed Stranger" data-source="post: 5630875" data-attributes="member: 90351"><p>The 3% 401k match would NOT be a good thing for part-timers that won't make the 25, 30, 35 year mark. Example: Part-timer with 10 years that retires under old plan at age 65 would receive $600 per month for the rest of their life ($7,200/year). Under a 401k plan, if they make $20,000 per year and only put in 3% themselves in order to receive the 3% company match, they would end up with $1,200 per YEAR +/- any growth or reduction, depending on the stock market. I'll take the guaranteed pension amount any day!</p></blockquote><p></p>
[QUOTE="Red Headed Stranger, post: 5630875, member: 90351"] The 3% 401k match would NOT be a good thing for part-timers that won't make the 25, 30, 35 year mark. Example: Part-timer with 10 years that retires under old plan at age 65 would receive $600 per month for the rest of their life ($7,200/year). Under a 401k plan, if they make $20,000 per year and only put in 3% themselves in order to receive the 3% company match, they would end up with $1,200 per YEAR +/- any growth or reduction, depending on the stock market. I'll take the guaranteed pension amount any day! [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
UPS LATEST PROPOSAL
Top