NE Pension Fund in Critical and Declining Status for 2022-2023 Plan Year

[Wally]

Actually our plan is at peer 80. Age + service =80

So $80 a week?

 

[542thruNthru]

So $80 a week?

About 6k a month.

 

[Wally]

About 6k a month.

Nice

 

[Over70irregs]

About 6k a month.

#goodnumber

 

[DELACROIX]

About 6k a month.

And that is for their part timers…

 

[Babagounj]

In the NE plan, should someone retire between ages 60 & 62. the plan will give that person an extra $1000/month to cover medical expenses. They assume most will start collecting SS @ 62.

 

[Babagounj]

The pension plan automatically pays your state & federal taxes on your monthly amount.
Which means every tax season , I get a hefty amount back.

 

[Wally]

In the NE plan, should someone retire between ages 60 & 62. the plan will give that person an extra $1000/month to cover medical expenses. They assume most will start collecting SS @ 62.

Must be flush with cash then? No need for a bailout.

 

[Wally]

The pension plan automatically pays your state & federal taxes on your monthly amount.
Which means every tax season , I get a hefty amount back.

So isn't this simply a paycheck withholding? If you get a "hefty amount back", they are withholding too much.

 

[burrheadd]

So isn't this simply a paycheck withholding? If you get a "hefty amount back", they are withholding too much.

That’s some folks “ savings account”

 

[IVE GOTTA PACKAGE 4U]

Must be flush with cash then? No need for a bailout.

That's because they don't have retiree healthcare

 

[Wally]

That's because they don't have retiree healthcare

Retire at 65 then.

 

[IVE GOTTA PACKAGE 4U]

Retire at 65 then.

If you started young 40 or 45 years is a long time at this place

 

[BrownFlush]

I need to be educated on what this means. It looks like this has been going on for atleast a few years if not more because I saw the same message a few years ago. I know its not good news, but is it really that bad? I havent worked at UPS for about 6 years and I'm only 41 years old, so I'm still a long ways from collecting my pension. Based on this news, what concern should I have for being able to collect my pension in 20+ years?

How many years did you put in?

 

[Over70irregs]

French pension protesters occupy finance firm, torch restaurant favored by Macron

The 11th day of nationwide strikes and protests over legislation to raise the retirement age by two years saw demonstrators targeting the investment firm BlackRock in Paris.

nypost.com

 

[UnionStrong]

French pension protesters occupy finance firm, torch restaurant favored by Macron

The 11th day of nationwide strikes and protests over legislation to raise the retirement age by two years saw demonstrators targeting the investment firm BlackRock in Paris.

nypost.com

That’s what everyone should do.

 

[Over70irregs]

That’s what everyone should do.

I believe the signal has been sent to everyone worldwide. They will print $ and inflate so you will get a deflated pension.

 

[UnionStrong]

I believe the signal has been sent to everyone worldwide. They will print $ and inflate so you will get a deflated pension.

It’s a shame that the French are more belligerent than we are.

 

[Over70irregs]

It’s a shame that the French are more belligerent than we are.

Let them eat cake.

 

[qdg2]

If you started young 40 or 45 years is a long time at this place

For some. Most likely have to work somewhere....why not make great money? At least that's the way I looked at it.