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Brown Cafe UPS Forum
UPS Union Issues
Bye Bye Pension and Hello to matching 401k coming in 2023?
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<blockquote data-quote="Ancient Alien" data-source="post: 3722341" data-attributes="member: 70963"><p>Exactly! Plus, you still get that if you live to 100!</p><p></p><p>Have them compute their 401k to your $6k a month for 45-years. That's $3,240,000... seriously doubt anyone here has over $3m in their 401.</p><p></p><p>You can never out live your pension!</p><p></p><p>You know the management who lost their pension, you know the ones that believe their 2016 friend-250 is too old and they need another.</p><p></p><p>After taxes(if lucky), they'll get maybe $250,000 cash from their 401. They buy 5 acres, a cabin... new truck and car and POOF by 65 they'll be calling family to help bail them out. Because their 401k will be toast as the hourlies will never out live theirs! </p><p></p><p>Vote YES!</p></blockquote><p></p>
[QUOTE="Ancient Alien, post: 3722341, member: 70963"] Exactly! Plus, you still get that if you live to 100! Have them compute their 401k to your $6k a month for 45-years. That's $3,240,000... seriously doubt anyone here has over $3m in their 401. You can never out live your pension! You know the management who lost their pension, you know the ones that believe their 2016 friend-250 is too old and they need another. After taxes(if lucky), they'll get maybe $250,000 cash from their 401. They buy 5 acres, a cabin... new truck and car and POOF by 65 they'll be calling family to help bail them out. Because their 401k will be toast as the hourlies will never out live theirs! Vote YES! [/QUOTE]
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Bye Bye Pension and Hello to matching 401k coming in 2023?
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