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<blockquote data-quote="vantexan" data-source="post: 2981904" data-attributes="member: 24302">True, but if person works to 60, or chooses to work longer, and his last five years are his best especially, then he goes into retirement with half of his highest pay, plus his 401k, plus SS.&nbsp; What Nolimitz posted before is the predicament many full-time couriers faced.&nbsp; I know you don&#039;t want to hear it, but when you start out on low pay, raises are minimal, or not at all, and your percentage contribution is the lowest percentage given, you can find yourself with 10 years and very little contributed into what is supposed to be your pension.&nbsp; Great that young people are up to speed with better pay much sooner, but what do you say to 10 year employee who not only has only $20k-$25k in his PPA, but is looking at another 8 years to top out?&nbsp; He&#039;ll have spent more than half of his &quot;career&quot; with if he&#039;s lucky $60k in his account.&nbsp; That&#039;s the complaint, that pay policies not only made it difficult for those who hung in there to get by, but negatively impacted their future.&nbsp; You got a full traditional pension and are getting a significant amount into your PPA.&nbsp; But that 10 yr employee only has the PPA and their low pay makes it difficult to fund their 401k too.&nbsp; I stand by my post that under the new pay plan a new hire can have a decent retirement.&nbsp; But will you acknowledge that for a large group of couriers they had to settle for a lot less?</blockquote>

[QUOTE="vantexan, post: 2981904, member: 24302"] True, but if person works to 60, or chooses to work longer, and his last five years are his best especially, then he goes into retirement with half of his highest pay, plus his 401k, plus SS. What Nolimitz posted before is the predicament many full-time couriers faced. I know you don't want to hear it, but when you start out on low pay, raises are minimal, or not at all, and your percentage contribution is the lowest percentage given, you can find yourself with 10 years and very little contributed into what is supposed to be your pension. Great that young people are up to speed with better pay much sooner, but what do you say to 10 year employee who not only has only $20k-$25k in his PPA, but is looking at another 8 years to top out? He'll have spent more than half of his "career" with if he's lucky $60k in his account. That's the complaint, that pay policies not only made it difficult for those who hung in there to get by, but negatively impacted their future. You got a full traditional pension and are getting a significant amount into your PPA. But that 10 yr employee only has the PPA and their low pay makes it difficult to fund their 401k too. I stand by my post that under the new pay plan a new hire can have a decent retirement. But will you acknowledge that for a large group of couriers they had to settle for a lot less? [/QUOTE]

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