Life only Pension?

BrownFlush

Woke Racist Reigning Ban King
I might stay until 65.....more likely 62. 3 Years...

Congrats to your friend! I hope he is healthy.....
He is.
Thing is, he hated the place more than all of us. They bird dogged him all the time. We all figured he would get out the first chance he could.
He has a great feeder run, probably knocks down $150K a year... I think he feels like he is sticking them now after all the times they boned him.
 

Shiftless

Well-Known Member
Anybody leave at 48 or 50? Would love to know how they fared. Any regrets?
I left at 49.

Been gone over 16 years. Never held a job since. Don't plan on it either!

Until this china flu BS hit the US we had been doing lots a traveling.

Busy just having fun!

Once you do it, you never look back!
 

oldngray

nowhere special
I left at 49.

Been gone over 16 years. Never held a job since. Don't plan on it either!

Until this china flu BS hit the US we had been doing lots a traveling.

Busy just having fun!

Once you do it, you never look back!
In my opinion its stupid to keep chasing that extra dollar. If you have enough years in and can afford to, retire while you can still enjoy life. Too many people wait until they are too crippled to do anything when they retire.
 

Shiftless

Well-Known Member
In my opinion its stupid to keep chasing that extra dollar. If you have enough years in and can afford to, retire while you can still enjoy life. Too many people wait until they are too crippled to do anything when they retire.

Seen that a bunch of times! One guy in particular, health is going away young and fast, grumpy all the time. I guess he really did work till he puked!
 

over9five

Moderator
Staff member
Soooo, I keep thinking of retirement also.
BUT, I seriously cant stand the thought of spending all that time with wifey.
Is that horrible? I don't hate her or anything, but 24/7? I cant do it...
 

over9five

Moderator
Staff member
Soooo, I keep thinking of retirement also.
BUT, I seriously cant stand the thought of spending all that time with wifey.
Is that horrible? I don't hate her or anything, but 24/7? I cant do it...
Maybe thats why the senior guy stayed till he was in his late 80s....
 

Jones

fILE A GRIEVE!
Staff member
Soooo, I keep thinking of retirement also.
BUT, I seriously cant stand the thought of spending all that time with wifey.
Is that horrible? I don't hate her or anything, but 24/7? I cant do it...

Getting to spend more time hanging out with Ms Jones has been a big plus for me. Different strokes.
 

What'dyabringmetoday???

Well-Known Member
Central States I heard quoted will get over 50 billion by itself, covering around 400,000 members, active and retired out of the 86 billion allocated.

It will last till 2051or thirty years once the loans are given. The federal agency PBGC will be in control of those funds and will technically be running these pension trusts.

That is why these corporations are getting out of providing defined pensions, the PBGC charges insurance premiums on everybody participating in these plans. I expect that those premiums and other associated costs will go up considerably in order to sustain and prevent that agency from defaulting also.
You heard...
Not picking a fight , but I don't believe anybody knows how much money each fund will get. Not even Big Union Guy. And he knows EVERYTHING. Lol.
 
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