How does your TWU or ( TWA-IAM ) pension compare?
- Thread starter Barfbag
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MCI transplant
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<_< -----Let's just say, we should have gone to work for GM instead of TWA!!!!! :angry:
MCI transplant
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<_< ------ Although GM's retirement drops off by the amount one collects from SS!
WingNaPrayer
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I have neither of course, but when I do retire, I will draw a monthly pension check of about $8,620.00 per month as it stands right now. That could change but only in the upward direction. Barring any illness that causes me to miss a lot of work, it should stay in that ballpark.
My employer has an excellent pension plan and on top of their regular contributions, they will match dollar for dollar everything I contribute each month up to 45% of the value of my take home pay. When I retire, the health care plan will cost me more than it does now, by about 25%. The only downside it has is after I no longer work for my employer (retire) I loose my life insurance.
For the record, I don't particularly care for what GM is trying to do to their workforce. They are blatantly pushing out the people who have earned higher salaries so they can replace them with bottom-scale labor. If I knew more about their pension plan as well as the buy-out severance they are being offered, I may feel differently.
I know many AA employees and most of them being agents, who are at their 20 year mark with the company and their plans are only guaranteeing them about $24,000.00 per year with no real increase in site unless they invest their 401K wiser. However, with literally no one to advise them, the future doesn't look all that promising.
My employer has an excellent pension plan and on top of their regular contributions, they will match dollar for dollar everything I contribute each month up to 45% of the value of my take home pay. When I retire, the health care plan will cost me more than it does now, by about 25%. The only downside it has is after I no longer work for my employer (retire) I loose my life insurance.
For the record, I don't particularly care for what GM is trying to do to their workforce. They are blatantly pushing out the people who have earned higher salaries so they can replace them with bottom-scale labor. If I knew more about their pension plan as well as the buy-out severance they are being offered, I may feel differently.
I know many AA employees and most of them being agents, who are at their 20 year mark with the company and their plans are only guaranteeing them about $24,000.00 per year with no real increase in site unless they invest their 401K wiser. However, with literally no one to advise them, the future doesn't look all that promising.
