Originally Posted by
canuckian
I’m curious how the math would have worked if we had taken the pamphlet offer a couple years ago. We would be very close to that second contract expiring and beginning negotiations again.
I think we would have all been much further ahead. Particularly our 401k’s with all the gains we missed out on over the past couple of years.
if you had 20+ years til retirement then your 401k alone is over a million short of what it could have been (granted the bulk market has been on a tear since then) and that is just the 401k piece, not including the increase to rates which were about 35% if I recall. That was two years ago.
There is no doubt whatsoever that we would have been better off taking that deal. anybody who says otherwise is an utter fool that doesn’t know basic math.
Honestly we’d probably be better off taking whatever management just put out and getting a deal asap instead of waiting another 12-18 months. The retirement contribution cannot be overstated how much we lose each month that we miss out on the ~15% DC to our 401k.
but again teamster Tom will just ignore the math and call me a management homer…