Originally Posted by
TonyC
14.65% increase to current rates @ DOS.
.
Meh, still not industry leading pay...
Originally Posted by
Vito
Sluggo,
Without getting too detailed the A-plan has two formulas, one is 1% multiplied by number of years served (max 30 years) of Final Average Earnings, the other is a flat dollar amount multiplied by years served (max 30 years) , this flat dollar amount was increased in this T/A. So if you worked for 30 years, you'd take 30% of your final yearly paycheck and that's your yearly payout, or you can calculate the flat $ amount of $4000 (Capt) x 30. Whichever one is higher is your A-plan yearly payout. Personally my B-plan plus 401 is where the big bucks are, and that's my money, that no bankruptcy can take away from me or my HEIRS, the A-plan is great, the B-PLAN lets me sleep at night
No slight to our UPS brothers, at all, but I would still take our retirement over their new one even. It's an improvement to theirs, but I still think it falls short of ours. But that's just my opinion at first glance, without taking too deep of a look at it. I could be wrong.