You are correct. The $5 over 10 years will not even begin to address the pension funding crisis. And many employees are concerned about higher payouts for 25 years and out. With the company contributions, all plans will be in even worse shape in 5 years. I believe it is the company's plan of to weaken the pension so they can take it over in 5 years with false promises. Example: Management's pension.
That is how much we get, not what is put in
I used the federal government's inflation figures. Essentially we received good increases until 2013. 2013-2018 we didn't even keep pace with moderate inflation. The proposal for 2018 forward is a huge give back considering inflation is currently 2.9 percent and rising.
We have a 401k to put money into.... put in 3 % to start until you can move the percentage higher... you can bring a horse to water but.... you know the rest...
Everything is going to get handed to you. You have to take responsibility for yourself
I agree... I would like to see something matched by the company but that’s not going to happen unless they take some out of our pension contributions and put it into the 401k....
You know how much you would have if all of your pension monies over your career went into a 401k instead...on top of what you put into it personally ... it’s staggering to think about really
Thought the company was automatically starting 401k’s for new employees now days???
It would be a ton.
They do but you can opt out
We would own the Aladdin Hotel.
