FrigidFTSup
Resident Suit
The match is a percentage of your income yes. I'm not saying they match 3.5% of what you put in.
I'm going to go into UPSers and see if I can post a screenshot
Retirement...contract talks
- Thread starter gman042
- Start date
I'm going to go into UPSers and see if I can post a screenshot
They didn't match anything when the market tanked in. 2008
FrigidFTSup
Resident Suit
Oh sure. It's not great by any means. But I'm willing to give up some to maintain controlYes I'd much rather have control of the money.
I meant more 3.5% isty compared to what they put in our pension on our behalf.
FrigidFTSup
Resident Suit
Better than getting a letter saying they're cutting your benefits by 50%. At least my financial security is in my hands and not some fund manager
FrigidFTSup
Resident Suit
Market was crap, I'd be surprised if they did.
Brownslave688
You want a toe? I can get you a toe.
Let's say your salary is 70k. You put in 3.5%. That's $2450 a year. The company would match 100% of that money.
$2450>$630
You gave up a ton. The old guard management got a nice pension
Management wasn't happy.
Brownslave688
You want a toe? I can get you a toe.
Don't make me stop this car.
Your car stops all by itself.
FrigidFTSup
Resident Suit
I don't think anybody was happy when the market crashed
Brownslave688
You want a toe? I can get you a toe.
Yeah would I be willing to give up our pension money for something like a 15% match. Sure but I'm not giving it up for a 5% match.
Brownslave688
You want a toe? I can get you a toe.
Believe it or not I was very happy...
FrigidFTSup
Resident Suit
I just pulled up my benefits and you are right, I was wrong. I was thinking 18000/3.5%.
And for a nice change of pace I have more money in there than I thought. So that was a pleasant surprise.
Brownslave688
You want a toe? I can get you a toe.
The law of intertia pertains to my current vehicle situation.
No..
for brainsManagement wasn't happy that their Match and raises were cancelled.
Brownslave688
You want a toe? I can get you a toe.
Christ I'm right. Man I needed to hear that tonight.
FrigidFTSup
Resident Suit
I didn't give up anything. Do you honestly believe there will be a pension by the time I hit 35 years, especially in the central? I certainly don't.
FrigidFTSup
Resident Suit
I figured with the whole wife being pregnant thing I'd throw you a bone
1989
Well-Known Member
Mgmt pension has something to do with your salary at retirement. But it's only funded at 87.01%
