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Brown Cafe UPS Forum
UPS Union Issues
If you are thinking about voting NO…
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<blockquote data-quote="BobJ" data-source="post: 5671442" data-attributes="member: 106945"><p>If you take the pension contribution money and gave it to an Employee instead... and that employee invests it in a 401k, or a mutual fund... over 30yrs ($25k/yr in contributions, $14/hr)</p><p></p><p>The resulting cash amount will be $400k/yr from $8mil in stocks. (5% withdrawal rate that will last till you die, and probably still leave millions to your kids).</p><p></p><p>or you can be happy with $60k/yr from the pension.</p><p></p><p>This is the same reasoning why people hate social security.</p></blockquote><p></p>
[QUOTE="BobJ, post: 5671442, member: 106945"] If you take the pension contribution money and gave it to an Employee instead... and that employee invests it in a 401k, or a mutual fund... over 30yrs ($25k/yr in contributions, $14/hr) The resulting cash amount will be $400k/yr from $8mil in stocks. (5% withdrawal rate that will last till you die, and probably still leave millions to your kids). or you can be happy with $60k/yr from the pension. This is the same reasoning why people hate social security. [/QUOTE]
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