Don't Wait
As an "older American", I am used to giving sage advise to the younger generations. I'm a flight instructor as well, and I get these kids with "shiny jet syndrome" wanting to learn to fly so they can ...
Forum Discussion
tomman58 wrote:
I have preached this notion for years and although most of the younger set agree they make little effort to do it.
I really preach the union thing especially in this economy. My union gives me a pension based on hours worked, I get another pension based on years worked, I get a third pension based on years also but at a lower rate. I also get health care and an entity. Sounds unreal doesn't it. Well then you never meet a union electrician from Detroit.
Unions provide normally some form of pension plan that is hard to beat otherwise. It is just easier to save when someone else does it for you.
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My wife was a union worker for 30 years.For the first 10 years she worked, her union (BTC) had their pension. Then her company was bought out by Hershey Foods and the workers voted to move to Hershey's pension. My wife gets letters from the union saying the money will run out about 2025. But the Hershey Pension is sound and she also had an ESSIP with Hershey"s. When the plant closed, they handed her a check for $88,000.Now she works for a non union company and will get a pension from them too. So I hope your union's pension is in better shape than my wife's.
