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Brown Cafe UPS Forum
UPS Retirement Topics
YRCW bankruptcy impact on UPS employee pensions
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<blockquote data-quote="1989" data-source="post: 659804" data-attributes="member: 10280"><p>I was thinking more in the lines of being able to opt-out of a pension and ss and being able to put the monies into an IRA type account (tax free contributions) you can have complete control over. Since you don't pay tax on pension contributions and ss is a duel tax (employer / employee) it works out to about $20,000 or more. A 401K account is too restrictive in it's investments. But then it goes back to control teamster and government.</p></blockquote><p></p>
[QUOTE="1989, post: 659804, member: 10280"] I was thinking more in the lines of being able to opt-out of a pension and ss and being able to put the monies into an IRA type account (tax free contributions) you can have complete control over. Since you don't pay tax on pension contributions and ss is a duel tax (employer / employee) it works out to about $20,000 or more. A 401K account is too restrictive in it's investments. But then it goes back to control teamster and government. [/QUOTE]
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YRCW bankruptcy impact on UPS employee pensions
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