More precisely, your age and years of service added together puts you in one of four contribution brackets. None of which are stellar. My sister-in-law’s employer put 15% into her PPA.
The amount put in the portable pension is based off your age in the years with a company.
Potable, because if you think it will get you through retirement, you’ve been smoking something.I thought he meant potable,When the company Takes a dump,It’s all on you
YRC contributes to more than cspfSo when, not if, cspf goes broke how good will the partial payment be? Oh yeah I'm not counting on Fred's pension, it is not even in my retirement plans.
Yep, We really got screwed on our pension. I had 20 years and will get paid for 13 years.Just ask a legacy employee at ConWay /XPO
He's a fool if he shows you his balance, being the leech you are, you'll be on his doorstep claiming to be his long lost at birth twin brother with your hand out demanding he support you and your bad habits. Just sayin'....
Far more likely he outlives the pension.He volunteered it, but it's highly unlikely he has enough to support himself through his golden years, let alone someone else. Odds are he'll long outlive his 401k. I guess having a truck with your name on it is enough to pacify some of you until you realize it's too late.
I’am not a central states recipient Not my fund and, not my problem.Yeah like cspf! Lol! I know YRC is making full contributions to the pension right?
I am glad for you.I’am not a central states recipient Not my fund and, not my problem.
So when, not if, cspf goes broke how good will the partial payment be? Oh yeah I'm not counting on Fred's pension, it is not even in my retirement plans.
You are such a Bozo. Cspf financial problems primarily caused by insufficient inflows as employers kept getting run out of business by union. Add to that the disastrous UPS exit...and you have their situation today.I think it's hilarious how all you guys dump on cspf, but don't even realize how the pension lost all it's money (stock market) then on the other hand you guys are saying your 401k is the greatest thing since sliced bread.
You are such a Bozo. Cspf financial problems primarily caused by insufficient inflows as employers kept getting run out of business by union. Add to that the disastrous UPS exit...and you have their situation today.
I can put my money into T Bills if I want in my 401k. We have the ability to direct how our money is invested, not the put it all on red and hope that you hit method. I have learned a lot about the market and I read and try to pay attention as to what is going on. If my funds go bust it is my fault for not paying attention. You my friend are at the will of the people who invest your funds and take their cut.I think it's hilarious how all you guys dump on cspf, but don't even realize how the pension lost all it's money (stock market) then on the other hand you guys are saying your 401k is the greatest thing since sliced bread.
Did you read the entire article? Or just the part that alleges Wall Street wrong doing. Glad to see you're an illiterate Bozo.Oh really read this if you can and be a man admit your wrong.
https://www.google.com/amp/s/www.marketwatch.com/amp/story/guid/EECEEBCC-F6B0-11E5-9AE8-78E7B1BA503C
Cspf financial problems primarily caused by insufficient inflows as employers kept getting run out of business by deregulation. Add to that the disastrous UPS exit...and you have their situation today.
I can put my money into T Bills if I want in my 401k. We have the ability to direct how our money is invested, not the put it all on red and hope that you hit method. I have learned a lot about the market and I read and try to pay attention as to what is going on. If my funds go bust it is my fault for not paying attention. You my friend are at the will of the people who invest your funds and take their cut.
If you're such a financial guru perhaps a career change is in order?
Sarcasm yes, but I'm just making a larger point that most, you included, aren't as adept at playing the market and or financial planning as you think you are.
Let's face facts. 401k's weren't intended to replace defined pension benefits as a sole means of retirement. They were intended as a supplement for those willing to take the risk.
Never said I was a guru, your words not mine. No I don't "play the market" as you say. I try to follow what is going on and adjust accordingly. I have made the best of a 401k and taken the risk and in 30 years I have made the best of it because that is what I have to work with. Believe it or not there is a benefit of a 401k, you can start creating generational wealth. If I die my wife gets ALL of my money not just survivor benefits.If you're such a financial guru perhaps a career change is in order?
Sarcasm yes, but I'm just making a larger point that most, you included, aren't as adept at playing the market and or financial planning as you think you are.
Let's face facts. 401k's weren't intended to replace defined pension benefits as a sole means of retirement. They were intended as a supplement for those willing to take the risk.