The New Contract And Future Pension Contributions: Are We Ok. Or Are We Robbing Peter To Pay Paul?

[Wally]

Naw hospital expansion has been happening for decades. Similar to university and college campuses who have bloated regardless of WH politics.

Still no reason to tax good insurance, and no reason not to divide pension allocations equally.

 

[Over70irregs]

Still no reason to tax good insurance, and no reason not to divide pension allocations equally.

Actually from my research we need to attack the pension survivorship breakdown for spouses I hear. No one points that out. We should get full payout regardless without tiered penalty.

 

[Wally]

Actually from my research we need to attack the pension survivorship breakdown for spouses I hear. No one points that out. We should get full payout regardless without tiered penalty.

You are basically buying insurance. About $1000 a month reduced payout for me, 50% monthly for spouse.

 

[Over70irregs]

You are basically buying insurance. About $1000 a month reduced payout for me, 50% monthly for spouse.

It needs to be called out.

 

[Wally]

It needs to be called out.

Most pensions are similar in regards to survivorship benefits. Some plans allow you to return to single payout status if you spouse dies first.

 

[UnionStrong]

Most pensions are similar in regards to survivorship benefits. Some plans allow you to return to single payout status if you spouse dies first.

Mine has that provision to return to single payout.

 

[upschuck]

You are basically buying insurance. About $1000 a month reduced payout for me, 50% monthly for spouse.

I think mine is less than that for 75%, but we are close to the same age. You have a much younger wife?

 

[IVE GOTTA PACKAGE 4U]

Actually from my research we need to attack the pension survivorship breakdown for spouses I hear. No one points that out. We should get full payout regardless without tiered penalty.

What happens if your wife is a lot younger than you?
They're not going to pay out forever

 

[Just A UPS Guy]

What happens if your wife is a lot younger than you?
They're not going to pay out forever

She shoulda been a Teamster. her.

 

[Wally]

I think mine is less than that for 75%, but we are close to the same age. You have a much younger wife?

5 years.

 

[upschuck]

5 years.

Mine is less than a month younger.

 

[DELACROIX]

Most pensions are similar in regards to survivorship benefits. Some plans allow you to return to single payout status if you spouse dies first.

There are so many ways to improve our pension benefits besides extra monetary contributions.

Eliminating or reducing that spousal deduction offset would be one.

Reducing any further healthcare co pays is another.

Reduce those 6 percent penalties for everyone who doesn’t qualify for a service pension would be a big victory.

All these changes can be done, particularly in the Western. UPS doesn’t have control over those funds, unlike those under the Central.

 

[Over70irregs]

What happens if your wife is a lot younger than you?
They're not going to pay out forever

Pay full then pay out a tiered amount based of SSI/age combo.

 

[IVE GOTTA PACKAGE 4U]

Pay full then pay out a tiered amount based of SSI/age combo.

Me and my wife are equal ages
If I take the hundred percent survivorship out it's about 15%

 

[Over70irregs]

Me and my wife are equal ages
If I take the hundred percent survivorship out it's about 15%

I’m telling younger guys get the term young as possible.

 

[IVE GOTTA PACKAGE 4U]

I’m telling younger guys get the term young as possible.

If you buy a 30-year term when you're 30 it's not going to do much good when you retire

 

[Over70irregs]

If you buy a 30-year term when you're 30 it's not going to do much good when you retire

Yeah I know. They know that also I’m sure. I’m going to take my $ and buy assets. (Own something where a decade from now someone smarter richer than u would want to own it.)

 

[IVE GOTTA PACKAGE 4U]

Yeah I know. They know that also I’m sure. I’m going to take my $ and buy assets. (Own something where a decade from now someone smarter richer than u would want to own it.)

I just want enough to live on that's all

 

[Over70irregs]

I just want enough to live on that's all

Live and not drown….People are cashing in 401ks currently.

 

[IVE GOTTA PACKAGE 4U]

Live and not drown….People are cashing in 401ks currently.

What do you mean?