Good for you,Best decision I ever made was to join the Union ……….Retired 6 years ago , had a medical bank that paid my Health Care premiums for almost 3 years , Have a $40,000 annuity , don`t owe on anything ,
bring in $ 3800 mon. pension + SS on top of that .
I work for a manufacturer of Gypsum products, wallboard, ceiling tiles, etc.Can I ask what industry you all work in?
Very good, Are you all using synthetic gypsum out of the coal power plants scrubbers?I work for a manufacturer of Gypsum products, wallboard, ceiling tiles, etc.
I went almost 3 years early for Full retirement or would have had a larger payout ..........Just started my SS ( also early , a little under $2000 )Good for you,
I took my penison check last year at 63 yrs old. It cost me $89.00 a month to go two years early. Im a bit over four grand after Federal taxes, im going to wait till I hit 100% for my SS check. I picked up a gig doing maintenance and control work near home as a double dip for awhile.
We didn't have a medical bank, that sounds interesting.
Thats awesome. And some believe we were taken advantage of while they stole from us all.I went almost 3 years early for Full retirement or would have had a larger payout ..........Just started my SS ( also early , a little under $2000 )
Over $300 + per pay period went to the Medical Bank . It could only be used for Medical ( Prescriptions, Doctor Visits, surgeries , etc )
I rarely used any of it , and when I retired , I had banked well over $35,000 . Once retired , you could only use it for extended premiums and/ or medical related . So it paid misc. bills and premiums for a little over 3 years before it ran out ......then my wife got a policy thru her work for us .
That is Awesome as well ..........The Iron Workers sure deserve it . They are a rare breed . My cousin was one back in the day .Thats awesome. And some believe we were taken advantage of while they stole from us all.
Two guys I went to school with worked the past 40 years as Union Ironworkers, the packages they are going out on is crazy. One to two mill in just their annuity plan.
Yep, have very poor compression. LOLBack to your poor compression of reading, heres what I posted.
"Most employees" in the working world cant even fill the paperwork out for a 401 much less chose what fund or funds to invest in. So many in the working world give up that free matching 401 money. You get the I cant afford that or i'll start it next year.
Start asking at work who in involved in the companys 401 and I bet its no more than 30 to 40% of non management.
You havent responded to why private pensions disappeared?
Along with the endlessly moving goal post.
Why are you so angry about people that stuck it out and earned a nice penison and annuity? Along with a 401 and Social Security?
So you are good with having the control of the 401K money while what, 70% of Americas corporations elimated pension funds.Yep, have very poor compression. LOL
There are many reasons pensions do not exist much today, here are two.
People want control of their money.
Companies do not want to be responsible for your money.
Why do unions want pensions.
The union gets control of the money.
It was pension money the mob used to build Vegas.
I am not angry at anyone, the naïveté here is remarkable…
Why would I want to stay at a s****y low paying job for forty years just so that I can get "thousands a month"? How much lost wages over that period am I giving up by staying at that job?So you are good with having the control of the 401K money while what, 70% of Americas corporations elimated pension funds.
Why would anyone be willing to give up thousands a month with a 20-40 year penison check. If companies back then did poor and loosing investments they had to replace that lost money. Why didnt they just use an investment company to take care of that money?
Because they didnt want to give the employees that money they were told they would get at retirement. It stayed in the companys bank accounts.
LOL. I was replying to Mike.Why would I want to stay at a s****y low paying job for forty years just so that I can get "thousands a month"? How much lost wages over that period am I giving up by staying at that job?
It worked out great for you, so that's good. But different folks, different strokes.
I grew up in a different era, one in which it became appearent that you shouldn't depend on either the government or a corporation for long term livelihood.
PerfectlySo you are good with having the control of the 401K money while what, 70% of Americas corporations elimated pension funds.
Because almost no one today will be 20-40 years at the same company. Most young people now stay on a job 2.8 years.Why would anyone be willing to give up thousands a month with a 20-40 year penison check.
I tell you exactly why unions like pensions, then tell you about a known abuse of pension funds, but that isn’t relevant, got itVegas was built long before we were born, find something more modern and relevant.
Well that makes perfectly good sence to just have a 401K say with 3% matching funds and not a penison check and a 3% matching 401K.Perfectly
It was relevant 75 years ago, you dont think abuse of others money doesn't add new State and Federal Laws?I tell you exactly why unions like pensions, then tell you about a known abuse of pension funds, but that isn’t relevant, got it
Us relics sure cant help some of the younger generations that were taught poor work behavior. Maybe they should wake up.Because almost no one today will be 20-40 years at the same company. Most young people now stay on a job 2.8 years.
You are a relic of a past time, retiring after a full career with pension.
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- The average person changes jobs 12 times in their lifetime, according to the latest available public survey data (2019).
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Average Number of Jobs in a Lifetime [2023]: How Many Jobs Does The Average Person Have - Zippia
Data analysis about how often people change jobs and careers, how long people stay at any given job, and other career change statistics.www.zippia.com
Your former company sucks. Full stop. Do they get sued when there are injuries or deaths?Funny things that just popped in my head.
We had something like 4 managers go into some equipment that was not locked out.
Safety came in, and gave EVERY ONE of the managers time off.
The managers came back VERY angry.
Which is funny, because they'd have written up an employee for doing exactly the same thing.
Also, watched a safety engineer get fired, for breaking the safety rules.
He did not notify the on site manager that he was there.
He then boarded an offline EOT crane, so that he could look down and find people breaking rules.
He broke rules by not notifying management that he was on the crane, AND he did not switch the status lights to signal "offline but occupied. Do NOT push".