$27k+ a year for 2080 hours.
Do companies that put money into employee's 401k's typically make allocation decisions for them?
The money still get paid on behalf of the employee. No?
They company wouldn’t care at all anyway.
Correct, with a 401K plan, they write the check and lose control of it forever. The pension allows them to retain some ownership. Those who remember 97, will remember the company's push for full control.
No one is saying it’s likely the company just gives us all of that money in a 401k.
And how many people would sell when the market is low?
How many choose to save nothing because they're counting on getting a pension check decades down the line?
Some of these people are going to be in for a big surprise.
IMO the pension is better for the masses.
He’s gonna show it just like Obama showed his birth certificate but people here will insist it’s not real.
Still have that in my local.
Yes, the dumb masses.
So you don't think the union would be involved at all? Just curious...
Of course the locals are involved, but our pension trustees are two former RPCDs and a former feeder driver with no practical investment experience.
Tell us how your portfolio is structured. Very few people do more than buy mutual funds and hope the fund prospectus protects their investments.
Like the kind of dumb masses that want year-round PVDs?
He wants a 22.5 combo job
