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UnevenEdge

Pension? Being realistic.


Commander McBelch

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And then the COPD and the lung cancer hits and the pension no longer has enough funds and social security gets cut and Medicare, after another Republican administration, starts disqualifying for preexisting conditions . . . oh my.

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Just now, NaBraniel said:

That's why the union holds the pension accounts.

While casinos are getting bought and sold like Pokemon cards, the transient ownership and management can't take a cent out of the accounts.

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Just now, Commander McBelch said:

That's why the union holds the pension accounts.

While casinos are getting bought and sold like Pokemon cards, the transient ownership and management can't take a cent out of the accounts.

I understand telling yourself this to stave off anxiety, the idea of financial security is very intoxicating, and you don't want to think of yourself as a sucker who got screwed, but when they come for your pension, and they will, you'll be forced to accept a settlement for a fraction of what you were promised because you have no choice, this is what they do to people. Better plan accordingly. 

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17 minutes ago, Commander McBelch said:

That's why the union holds the pension accounts.

While casinos are getting bought and sold like Pokemon cards, the transient ownership and management can't take a cent out of the accounts.

You didn't read his link, packard.

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6 minutes ago, Commander McBelch said:

That's why the union holds the pension accounts.

 

Until they do something stupid, like when the Illinois Teachers Union loaned a large portion of the pension fund to the state.  After all, what could go wrong?

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4 minutes ago, Commander McBelch said:

You think I plan to take a loan on that?

No? Not sure where this non sequitur came from, I asked the question of how much $ you could afford to pay in rent/lot fees every month by not working and solely drawing from your pension, I'm just curious.

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Just now, NaBraniel said:

No? Not sure where this non sequitur came from, I asked the question of how much $ you could afford to pay in rent/lot fees every month by not working and solely drawing from your pension, I'm just curious.

Lot rentals vary widely, too.

 

There are also a few states that allow mobile homes on land owned by the occupant.  

The property taxes on land that is technically undeveloped could be significantly cheaper than rent.

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1 minute ago, Commander McBelch said:

Lot rentals vary widely, too.

 

There are also a few states that allow mobile homes on land owned by the occupant.  

The property taxes on land that is technically undeveloped could be significantly cheaper than rent.

I am simply asking what is the higher end of what you could afford to pay, based on what you expect to draw from your pension?

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1 minute ago, NaBraniel said:

I am simply asking what is the higher end of what you could afford to pay, based on what you expect to draw from your pension?

Let me wait and find out how much the benefit is after retirement in a few more years.  It increases with each year I put in.

 

There's one pension plan managed by the local, a separate plan managed by the international and for employees of one particular casino, a third plan that had been managed by one of the former owners and later was turned over to a trust fund managed by the local.

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12 minutes ago, stilgar said:

You.

I'm not the one reporting that the plan has no active recipients.  That's flat out absurd.

Also, I just noticed that this report is more about the severance than the pension.  Severance is a lump sum, not a monthly benefit.

 

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