I already put my application in at McDonald's, in case we go on strike
McDonald's pays more then UPS
- Thread starter silenze
- Start date
Mom ...is that you?
1989
Well-Known Member
You should have a better than that. Our part timers could retire @ 50. One can choose to stay at ups or not. Pt would be the stepping stone to full time weather it being driving or mgmt.
DriveInDriveOut
Inordinately Right
Retire from a part time job?
1989
Well-Known Member
Why not? If one chooses to stay at ups and chooses to not go ft
DriveInDriveOut
Inordinately Right
I thought people weren't supposed to be able to live on part time wages? It's just a stepping stone to something better.....
1989
Well-Known Member
Some work 2 jobs. Some work pt and work their own business. Some have a spouse working ft. Some go ft and get their pt pension.
DriveInDriveOut
Inordinately Right
And most work a few years and move on.
Weird how the union and the company got together and pushed this contract by bragging about pension money that most will never get....
1989
Well-Known Member
People get to choose weather to stay or not. Ups should brag about all the money they pay for each employee. They have been talking about “total compensation for like 25 years now. Ups doesn’t get a refund, do they?
DriveInDriveOut
Inordinately Right
Of course not, your beloved Ponzi scheme wouldn't work if that happened.
1989
Well-Known Member
10 cents an hour hardly supports a Ponzi scheme. Five years to be vested is pretty standard in pensions and 401K matches. At least in a 401k match, ups could get their money back.
Maple Grove MN Driver
Cocaine Mang!
McDonald's should Unionize
DriveInDriveOut
Inordinately Right
If new money stopped coming in, how long would it be able to continue.....
Ya that's what I thought.
1989
Well-Known Member
New money comes in @ $9-$10+ an hour for every participant. Payouts get adjusted for long term stability. How long does it take for a pension fund to fail? 20 years, 60 years, 100 years, 150 years?
DriveInDriveOut
Inordinately Right
If you think your pension fund will last 150 years without new money coming in you're completely delusional.
1989
Well-Known Member
New money comes in as contribution rates increase. If increases cease then payouts decrease in the future. I am asking you when my pension will fail?
DriveInDriveOut
Inordinately Right
I'm sorry, I thought you were suggesting it wasn't a Ponzi scheme. Yes, you are correct, new money comes in to prop up the scheme, that's how it works.
Don't worry about the fact that you're in an industry facing massive automation..... I'm sure it will all work out for you.
1989
Well-Known Member
I need new money in my 401k also. Plus I need a job to contribute into my 401k.
DriveInDriveOut
Inordinately Right
I'm not trying to convince you pensions are bad bro. That's like trying to convince a lifelong christian on his death bed that god doesn't exist. You've made your bed, you'll lie in it, mark my words.
What I am suggesting is either new part timers get a choice to control their money, or it's not actually their money. The union and the company need to stop lying to them and telling them the pension contributions are part of their compensation.
1989
Well-Known Member
By definition, a pension is deferred compensation. Like an annuity for your life/spouse after employment. You want to control your investments? You can.
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