What is your opinion on work pensions?

[Simple Simon]

Thanks for catching my error.

It's, it's for it is, BTW.


Its vs. It’s
 
Rule 1: When you mean it is or it has, use an apostrophe.

Examples:
 It’s a nice day.
 It’s your right to refuse the invitation.
 It’s been great getting to know you.

Rule 2: When you are using its as a possessive, don’t use the apostrophe.

Examples:
 The cat hurt its paw.
 The furniture store celebrated its tenth anniversary.

 
Note: From what we understand, the possessive was also written it’s until a couple of hundred years ago. While we don’t know for certain, it is possible that the apostrophe was dropped in order to parallel possessive personal pronouns like hers, theirs, yours, ours, etc.”

Its spelt plagiarism.
http://data.grammarbook.com/blog/pronouns/1-grammar-error/

[bigmc]

Its spelt plagiarism.
http://data.grammarbook.com/blog/pronouns/1-grammar-error/

dont encourage him ffs 

[BigCyp]

Nope. All about investing in property for a return from rental income in my opinion.

I'd rather have 3 houses all paying me 900-1k a month each when i'm 60.

[ProudVirgin69]

Nope. All about investing in property for a return from rental income in my opinion.

I'd rather have 3 houses all paying me 900-1k a month each when i'm 60.

Can be a pain in the ass, from deadbeat tenants to keeping up with maintenance on the properties.

[_aj_]

This is another one of those stupid threads that Shizzo starts so he can, on page 10, talk about how awesome he is, how he "drives traffic" to getbig and how all of his threads get 10 pages or more.

In before the brag.

[King Shizzo]

This is another one of those stupid threads that Shizzo starts so he can, on page 10, talk about how awesome he is, how he "drives traffic" to getbig and how all of his threads get 10 pages or more.

In before the brag.

Where did this come from?

Are there things aj?

[Howard]

My father, grandfather and 3 uncles all worked at a large US Naval Shipyard on submarines.
They all served in the military, went to college on GI benefits, bought their homes with VA loans and worked as engineers at the sub base for 30 years and then retired with a decent pension.

My dad and  family were pretty conservative, but always believed in a strong US military and working for the Government.
You worked hard for your country and community and they took care of you and your family via a decent salary and benefits.

Today, corporate profits , driven by greedy bastards who want it to go one way...to them.

[_aj_]

Where did this come from?

Are there things aj?

There "are things" that I see quite a lot. And the described above is one of them. Just getting ahead of it.

[King Shizzo]

There "are things" that I see quite a lot. And the described above is one of them. Just getting ahead of it.

That is impossible. I have turned over a new leaf.

[2Thick]

As a taxpayer and business owner and investor in businesses, I'd hate to have to pay govt or private employees for life until they die at 80, 90, or older - people are living longer and often retiring younger. And some pensions have apparently paid as much as 50% for life to a surviving spouse. As someone said earlier, this has contributed to the demise of some US automakers.

If you don't have a pension option at work, consider putting a little aside in a better variable annuity that you can convert to "income for life" after a certain age when you're ready to retire. If the money is invested wisely within the annuity, you should build up quite a nestegg in it over several decades - particularly if you're adding to it regularly.

At that point, you can convert it to where it will pay you a guaranteed minimum for the rest of your life, even if you deplete the actual cash value. Some even offer options that will continue to pay your spouse / primary beneficiary for THEIR life. And at least one company that I know of will allow you to set it up so that the income stream will pass down generations.

Of course such bells and whistles are pretty expensive - fees on such an annuity will be on the high side. The insurance co is betting against you. There's also the possibility of insurer default - so pick your insurance companies wisely, and don't put all of your eggs in the insurance basket. This is a great tool of the rich - tax-deferred, separate from the taxable estate, skips probate, etc.

[bigmc]

That is impossible. I have turned over a new leaf.

where did you get this thread idea

be honest for once

[Primemuscle]

Its spelt plagiarism.
http://data.grammarbook.com/blog/pronouns/1-grammar-error/

It's called Simple Simon should get a life.

[King Shizzo]

where did you get this thread idea

be honest for once

You call me a liar, then expect me to answer your question?

Screw you buddy.

[bigmc]

You call me a liar, then expect me to answer your question?

Screw you buddy.

Too easy

Keep searching other sites for thread ideas retard

[King Shizzo]

Too easy

Keep searching other sites for thread ideas retard

This is the only forum (of any kind) that I visit .

Sorry that the truth hurts. Besides, how hard is it to think of something as generic as: "what is your opinion on pensions"?

[bigmc]

This is the only forum (of any kind) that I visit .

Sorry that the truth hurts. Besides, how hard is it to think of something as generic as: "what is your opinion on pensions"?

Do you think I'm going to answer that

Screw you buddy

[Howard]

As a taxpayer and business owner and investor in businesses, I'd hate to have to pay govt or private employees for life until they die at 80, 90, or older - people are living longer and often retiring younger. And some pensions have apparently paid as much as 50% for life to a surviving spouse. As someone said earlier, this has contributed to the demise of some US automakers.

If you don't have a pension option at work, consider putting a little aside in a better variable annuity that you can convert to "income for life" after a certain age when you're ready to retire. If the money is invested wisely within the annuity, you should build up quite a nestegg in it over several decades - particularly if you're adding to it regularly.

At that point, you can convert it to where it will pay you a guaranteed minimum for the rest of your life, even if you deplete the actual cash value. Some even offer options that will continue to pay your spouse / primary beneficiary for THEIR life. And at least one company that I know of will allow you to set it up so that the income stream will pass down generations.

Of course such bells and whistles are pretty expensive - fees on such an annuity will be on the high side. The insurance co is betting against you. There's also the possibility of insurer default - so pick your insurance companies wisely, and don't put all of your eggs in the insurance basket. This is a great tool of the rich - tax-deferred, separate from the taxable estate, skips probate, etc.

The "Wall Street " fund managers found a way to get a piece of every working man's paycheck didn't they
Pensions, benefits and unions were the best friend the middle class worker ever had.

[2Thick]

The "Wall Street " fund managers found a way to get a piece of every working man's paycheck didn't they
Pensions, benefits and unions were the best friend the middle class worker ever had.

I disagree on pensions and unions. They may seem to be such in the short term, but when those "friends" cause or greatly contribute to the company failing, the middle class worker must try to find another job & benefits, and perhaps even have to start over on funding his retirement.

A 401k that requires the employee to contribute something for there to be something is a much more sustainable option IMO. Why expect to automatically be paid $10k a month for life both during and after work years just because you turned a screw on an assembly line 40 hours a week for a few years?

[Shockwave]

I disagree on pensions and unions. They may seem to be such in the short term, but when those "friends" cause or greatly contribute to the company failing, the middle class worker must try to find another job & benefits, and perhaps even have to start over on funding his retirement.

A 401k that requires the employee to contribute something for there to be something is a much more sustainable option IMO. Why expect to automatically be paid $10k a month for life both during and after work years just because you turned a screw on an assembly line 40 hours a week for a few years?

This is the reason Boeing is ending thsir pension plan

Theyre shifting it off the company once the employee ceases being productive and making it the employees responsibility.

Their retirement is still killer and they contributr a lot, but they basically said they cant afford to pay countless thousands of retired employees....

The majority of whom are paid way more than any other industry would ever offer.

Boeing will hire employees with zero education and zero skills, teach them how to drill ONE hole using ONE tool, starting at $12/hr, and in 6 years the union agreement has them making $31/hr thanks to standardized wages. They are grade 6s.

I got hired as a grade 9, as my skillset is much more robust and Boeing doesnt train anyone to do my job so they have to headhunt us. I make right around 100k/yr with OT starting out. For every 1 of me (grade 9), there is 30+ grade 6s and even more grade 4s and under.

Now, imagine  having to pay the thousands of borderline retards 30/hr for 30 years, and then pay 10s of thousands of retirees 4.5k/month for the rest of their lives, many who will be retired at 50 and live to be 90.

These guys have literally no marketable skill but because of the Boeing union theyll make more in retirement than the average man does working full time.

Its not sustainable.

[Primemuscle]

I disagree on pensions and unions. They may seem to be such in the short term, but when those "friends" cause or greatly contribute to the company failing, the middle class worker must try to find another job & benefits, and perhaps even have to start over on funding his retirement.

A 401k that requires the employee to contribute something for there to be something is a much more sustainable option IMO. Why expect to automatically be paid $10k a month for life both during and after work years just because you turned a screw on an assembly line 40 hours a week for a few years?

Most employers calculate employee costs based  on wages and benefits. The better the benefits, often the lower the wages.

Where I worked employees contributed in part to their own retirement. After 5 years, we were vested. Even if you changed jobs,  your investment was secure unless you chose to cash out.

[Shockwave]

I think we meed to find a happy medium between the companies and the union demands.

Boeings union basically fucks them as they wont compromise, they go around and tell everyone "dont give an inch, ever, you shouldnt have to!"

Meanwhile were paid 50% higher than anyone else.

That makes it easy for Boeing to move their lines to states like South Carolina, where they dont have a Union.

And theyve been doing that. If the unions would just compromise and realize they cant keep paying the employees more and more and opening the gap between the average worker wider and wider, theyd probably wouldnt have gotten fucked on the last contract.

But they refused to compromise, and Boeing got together with international IAM and held a vote when everone was gone on vacation, illiciting angry screams of outrage.. but hey, they refused to deal, so boeing got tired of it and fucked them. Now, they wont get shit, because they refused to compromise.

I feel unions now are so out of touch with common workers, that all they do is try to cripple the business for a couple bucks per person and they wind up shooting themsevles in thenfoot.

[Primemuscle]

Don't the employees have to vote on the contract? If employees disagree with union leaders on a wage and benefit package proposal, they should simply not supportIit with their vote.

[Shockwave]

Don't the employees have to vote on the contract? If employees disagree with union leaders on a wage and benefit package proposal, they should simply not supportIit with their vote.

They refused to compromise, they voted down the 1st offer, then Boeing did some shady backdoor stuff with the international Union, and they set up a shady, short notice vote when everyone was gone on Christmas vacation.

They sent out notices by mail and then held the vote right around christmas time, 50% of the employees were unable to vote due to being gone and/or not receiving the notice.

Local union sued, its believed that the government body got greased, they immediately dismissed the case, and now the contract is law. The contrsct that 50% of the employees missed the vote on..

Boeing got so sick of the 'we wont budge an inch' stance that they just went around them. Their refusal to negotiate cost us our pension.

The internaional Union fucked us, but so did the local Union. We could have gotten far more had we come to the table willing to work with them. But we didnt.

They fight between each other, but in the end, neither the union nor boeing has our best interest at heart. There are secretaries at IAM making 125k/yr. Secretaries

[MichaelScottDM]

I've got STRS in California and a 403(b) as I work for a school district. After 30 years I should be looking at a pretty decent retirement. The 403(b) is nice as it is all pre tax. Only bad thing is the limit of what you can put in annually.

[tu_holmes]

To Shockwaves point.

I worked for bell labs for a bit. They decided to sell off their printed circuit board division.

This global accounting group bought them up. Union and all.

One time the union went around during contract renewal time and marched through the halls while a customer was visiting. They marched around saying you got yours and we got ours.

The next day the president of the division said "go ahead and give them whatever they want."

3 years later he closed the door on the building and shipped everything to China, Mexico, and Canada.

Sounds like the union screwed everyone.

I had already left by the time the shutdown happened, but I had a lot of friends who got screwed.

Many of which were union ineligible.