More gloom and doom..CS is tanking
- Thread starter Catatonic
- Start date
rod
Retired 23 years
The Milkman
Well-Known Member
You are such a loser..Your Day is coming...I hope you enjoy it...........
brownmonster
Man of Great Wisdom
Thanks. I am looking forward to retirement.
The Milkman
Well-Known Member
It is interesting that retired people like you and soon to be retired people like wkmac are so quick to give up the raises of current employees to ensure that your pension checks keep coming in full.
Hairball....You just don't get it....Since 81....I always wanted less of a wage because I felt I was making decent enough for the times, and more pumped into my benefits package which included the pension, so when the time came all of us would not be facing the situation we are now faced with.. But like I said before in previous posts....Everyone wanted it in their paychecks......So cough up a hairball and swallow them thoughts....Most reasonable people will understand and agree with my thoughts..........
realbrown1
Annoy a liberal today. Hit them with facts.
I'very always wanted less into pension, more into take home.
That way I could funnel more of my pay into my 401k.
All pension plans will eventually colapse.
Because they always run out of other people's money.
The Milkman
Well-Known Member
That's Fine.....But when I started there was no 401k at Ups, just a thrift plan...and a defined pension as a benefit at least back then was 1 of the benefits that at the time to me seemed very important looking down the road. I did join the 40ik when offered to bolster my pension, as a forced way to save, dumping part of my raises into it. I was 34 at the time...I believe that back then if more was put into the benefits pkg we would not have this issue today...Just my 2 cents
Don't forget about our thrift plan they got rid of.
UpstateNYUPSer(Ret)
Well-Known Member
Are you going to come back here and whine about it if things don't go as planned?
UpstateNYUPSer(Ret)
Well-Known Member
We had a driver who used his thrift plan money to become a millionaire during the IPO.
The Milkman
Well-Known Member
I do remember........had very little in it when I signed up for the 401k
The Milkman
Well-Known Member
The Great one of Wisdom certainly will be Whining....
I bought stock with mine. But not enough to make that big of a deal.
UpstateNYUPSer(Ret)
Well-Known Member
This guy had just over $100K in his. Cashed it out and used all of it to buy our stock when it first came out @ $20 or so per share. Supposedly had $1.8M in stock.
oldngray
nowhere special
You couldn't put in much per week so it took a long time to grow. After years you could have a lot stashed away though.
UpstateNYUPSer(Ret)
Well-Known Member
The max was $6/week.
I bought around 100 shares. Plus I got the original money I put in back. That was at least 20 years ago.
rod
Retired 23 years
There were a few years where it paid 20 -22% and in those years it grew like a SOB. But like all good things at UPS they found a way to put a cap on what you could earn and ruined the TP. When they dissolved the TP I had $126,000 in it.
The Milkman
Well-Known Member
Must of been working when Casey was running the show to have that much in the plan..lol
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