UpstateNYUPSer(Ret)
Well-Known Member
You should always contribute up to the match-----it is free money.
FedEx PPA Going Away
- Thread starter Preventable
- Start date
You should always contribute up to the match-----it is free money.
McFeely
Huge Member
Obviously. I am doing 15% currently but my situation is not everyone’s.
UpstateNYUPSer(Ret)
Well-Known Member
You would think that it would be obvious but you would be amazed as to how many do not take advantage of their company match.
Serf
Well-Known Member
*A lot of folks I worked with had no idea you had to work at least 1,000 hrs a year to get the PPA credit.
Unfortunately rollover of PPA funds to 401k or simple cash out while presently employed is of course, not an option.
I don't know the ratio exactly, but I'm willing to bet most of the Companies hour lies are part time. Not many can afford to contribute that much.
Unfortunately rollover of PPA funds to 401k or simple cash out while presently employed is of course, not an option.
I don't know the ratio exactly, but I'm willing to bet most of the Companies hour lies are part time. Not many can afford to contribute that much.
Serf
Well-Known Member
I've read other larger companies following a similar position. And while it's better than nothing; the Portable Pension wasn't exactly the cats meow. The estimates online were always based on 45 hrs. And future dollars calculator amounted to enough to live off for about 2.5 yrs. in this country anyways.
Fred's Myth
Nonhyphenated American
Vote Demoncrat and you can prove your theory.
MrFedEx
Engorged Member
Another Fred takeaway, plain and simple. Fredward is behaving exactly like a good Republican by stealing pay and benefits from workers whenever possible.
MrFedEx
Engorged Member
I'll add that the only real solution is union representation, which could never happen under a Trump administration.
Be smart, vote Democratic.
Operational needs
Virescit Vulnere Virtus
MAKAVELI
Well-Known Member
Word is that there will be announcements January and February.. looks like a fire sale to me.Whenever they do something like this, I always wait for the next shoe to drop - and I’ve never had to wait very long.
Hasn't the budget deficit increased by approximately fifty percent under the current administration? Looks like trillion dollar annual shortfalls for the foreseeable future. Yeah, America really should fear Democratic largesse!
Whenever they do something like this, I always wait for the next shoe to drop - and I’ve never had to wait very long.
Oh, I don’t know. When they announced the traditional pension was being replaced it was five plus years before the next major cut (major changes to the healthcare coverage in 2013 or 2014).
MrFedEx
Engorged Member
Trump is ballooning the deficit, yet nobody on his side cares. They will simply blame the Democrats, and their idiot base will believe it.
MrFedEx
Engorged Member
Bezos will buy out Smith for 10 cents on the dollar and re-brand it as Eventual Express. "When it absolutely, positively might have to be there sometime in the foreseeable future". Maybe.
You are such a BSer. We could have had a union under Obama but Dem's took Fred's money instead.
MrFedEx
Engorged Member
Golden waffles like you ensured we wouldn't have a union. "Auntie Em, Auntie Em!!!, poor little Fred can't afford a union". Are you a Eggo like Lindsay Graham??
59 Dano
I just want to make friends!
No need to feel sorry for me, chump. Good salary, 15% of which goes to 401k. When the new plan kicks in, I'll get a bigger match. Math is awesome!
59 Dano
I just want to make friends!
The one in most danger is the Roth IRA/Roth 401k. Never heard anything serious, but there are some people who say, "There are too many wealthy people who have too much money in those accounts growing tax-free. Something should be done about that."
