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UPS to freeze pension plans for nonunion staffers
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<blockquote data-quote="twoweeled" data-source="post: 2938477" data-attributes="member: 27108"><p>While what you're saying is true, I think there's that fear/concern for some of us that we experience one of those times of little to no growth. The average is return 7-9% (depending on figures used) it's true, but that is an average. Point being we all know there were periods of little to no growth. Some of those periods ran 10-15 years (I think) of near 0 growth. One of those 15 year flat periods could really screw over a retirement if you're planning on adjusting 5 years prior to retiring. I'm not saying you're wrong, I'm just saying I understand the wish to have a pension plan. I think the problem lies on the group who should've been monitoring funds needed for sustainability of the pensions.</p></blockquote><p></p>
[QUOTE="twoweeled, post: 2938477, member: 27108"] While what you're saying is true, I think there's that fear/concern for some of us that we experience one of those times of little to no growth. The average is return 7-9% (depending on figures used) it's true, but that is an average. Point being we all know there were periods of little to no growth. Some of those periods ran 10-15 years (I think) of near 0 growth. One of those 15 year flat periods could really screw over a retirement if you're planning on adjusting 5 years prior to retiring. I'm not saying you're wrong, I'm just saying I understand the wish to have a pension plan. I think the problem lies on the group who should've been monitoring funds needed for sustainability of the pensions. [/QUOTE]
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UPS to freeze pension plans for nonunion staffers
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