Jump to content
UnevenEdge
This Folder has been Archived!

Pension? Being realistic.

Commander McBelch

By Commander McBelch
in Free-For-All

 Share

Recommended Posts

NaBabby Elder

NaBabby

Posted
Posted

A nice fantasy which you've no doubt worked very hard for many years to elucidate in your mind, but they're going to take it away from you all the same. 

NaBabby Elder

NaBabby

Posted
Posted
11 minutes ago, Commander McBelch said:

I'm expecting to pay the lot rental for a double wide

What does one of those go for per month where you'd like to live anyway? Just curious

bnmjy Monster Mutant

bnmjy

Posted
Posted

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.

  • Like 1
Commander McBelch Gentry

Commander McBelch

Posted
  • Author
Posted
Just now, NaBraniel said:

Happens all the time.

https://www.washingtonpost.com/business/economy/as-a-grocery-chain-is-dismantled-investors-recover-their-money-worker-pensions-are-short-millions/2018/12/28/ea22e398-0a0e-11e9-85b6-41c0fe0c5b8f_story.html

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.

NaBabby Elder

NaBabby

Posted
Posted
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. 

  • Haha 1
scoobdog Monster Mutant

scoobdog

Posted
Posted
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.

tsar4 Monster Mutant

tsar4

Posted
Posted
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?

NaBabby Elder

NaBabby

Posted
Posted
20 minutes ago, Commander McBelch said:

It varies widely.

Look for someone who has to short sell.

What's the higher end of what you think you could swing per month? Again just out of curiosity

Commander McBelch Gentry

Commander McBelch

Posted
  • Author
Posted
15 minutes ago, Sawdamizer said:

There are quite a few red flags on this shit

Probably not the most accurate report available, since there are in fact a number of people currently receiving benefits from it.

Sawdamizer Monster Mutant

Sawdamizer

Posted
Posted
1 minute ago, Commander McBelch said:

Probably not the most accurate report available, since there are in fact a number of people currently receiving benefits from it.

Oh... ok..... so the audit is incorrect?

  • Haha 1
NaBabby Elder

NaBabby

Posted
Posted
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.

Sawdamizer Monster Mutant

Sawdamizer

Posted
Posted
1 minute ago, Commander McBelch said:

I'm broke, according to some idiots who didn't bother to count the number of active recipients when conducting this phony audit?

Your union paid for this audit and accepted its results 

  • Haha 1
Commander McBelch Gentry

Commander McBelch

Posted
  • Author
Posted
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.

Sawdamizer Monster Mutant

Sawdamizer

Posted
Posted
Just now, Commander McBelch said:

So, why the zero?

That alone is untrue.

Well, the obvious answer is right there... you refuse to believe it.

because you’re an idiot.

  • Thanks 2
NaBabby Elder

NaBabby

Posted
Posted
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?

Commander McBelch Gentry

Commander McBelch

Posted
  • Author
Posted
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.

  • D'oh 1
Commander McBelch Gentry

Commander McBelch

Posted
  • Author
Posted (edited)
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.

 

Screenshot_20210515-192752.png

Edited by Commander McBelch
New info
  • D'oh 1
tsar4 Monster Mutant

tsar4

Posted
Posted
37 minutes ago, Sawdamizer said:

Oh... ok..... so the audit is incorrect?

Audited by the firm of (Jake) Guzik and (Allen) Dorfman.  

resurrected Paragon

resurrected

Posted
Posted
1 hour ago, Commander McBelch said:

It varies widely.

Look for someone who has to short sell.

Double widely. 

Your pension will only afford you the ability to rent.

You will never own anything.

 Share
Go to topic listing
×
×
  • Create New...