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#1468963 --- 04/13/15 09:09 AM Re: eliminate state pensions [Re: Fart in the Wind]
bluezone Offline
Diamond Member

Registered: 12/19/04
Posts: 32003
Loc: USA
Originally Posted By: Fart in the Wind
Guardian Glass - Retirement Plan (FutureGuard)
This plan allows employees to contribute up to 25% of their earnings into a 401K-retirement account with a company match of 100% on contributions up to 7%. New employees can roll over 401K savings from a previous employer. The FutureGuard plan offers both a traditional pre-tax savings plan and a Roth 401K option.[/i] Not to mention dental, medical life insurance and several other benefits...


sorry still not a pension plan

...not to mention dental,medical life insurance...

must be the other employers you listed do not offer dental and medical

guardians medical and dental are not as generous as the 'teachers' get

thanks for proving my point yet again


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#1468964 --- 04/13/15 09:19 AM Re: eliminate state pensions [Re: Fart in the Wind]
bluezone Offline
Diamond Member

Registered: 12/19/04
Posts: 32003
Loc: USA
Originally Posted By: Fart in the Wind
Now, some on here would have you believe that taxpayers are not paying into any of these plans. Well, guess what? If you buy any of their products or buy products from companies that use their services, you and your neighbors are paying for these benefits.


IF...

do you buy any products from those companies?

if you do not buy from them then you do not pay for the employees benefits

people are not forced to pay for a poor 'product'

and if they offer a poor product then people do not buy it and the employee of that company loses their job

taxpayers are forced to pay for 'teachers' that do not perform their job

eliminate tenure
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#1469315 --- 04/17/15 05:21 PM Re: 401k vs State Pension Plan [Re: Timbo]
Fart in the Wind Offline
Member

Registered: 03/10/12
Posts: 429
Loc: beneath the Utica Shale

AFSCME

Former Enron trader and hedge fund billionaire John Arnold is launching a multimillion dollar national PR campaign attacking the hard-earned pensions of public workers...

https://www.youtube.com/watch?v=OyWVQR-JtpI&hc_location=ufi

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#1469474 --- 04/21/15 09:39 AM Re: eliminate state pensions [Re: bluezone]
bluezone Offline
Diamond Member

Registered: 12/19/04
Posts: 32003
Loc: USA
Originally Posted By: tubby
IBM, Canandaigua Wine, Kodak, Xerox, First Niagara, Five Star, Community Bank, Guardian Glass, new employees at ITT, Seneca Foods, Zoto's etc. NO pension.



the greedy 'teachers' union want their members to get a free ride off of the taxpayers money
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#1469475 --- 04/21/15 09:46 AM Re: 401k vs State Pension Plan [Re: Fart in the Wind]
bluezone Offline
Diamond Member

Registered: 12/19/04
Posts: 32003
Loc: USA
Originally Posted By: Fart in the Wind

the hard-earned pensions of public workers...


LOL

odd that you were unable to provide a lengthy list of local employers that offer a pension

the four examples that you listed do NOT offer a pension

pay into your own 401k if you want retirement money


Originally Posted By: Fart in the Wind
From their respective websites:

Seneca Foods offers a 401(k) savings plan

ZOTOS INTERNATIONAL INC 401(k), 401(a), Employee Stock Ownership Plan (ESOP), Savings Plans and Profit Sharing Plans.

Xerox - defined contribution plans.

Guardian Glass 401K-retirement account
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#1469481 --- 04/21/15 10:41 AM Re: 401k vs State Pension Plan [Re: bluezone]
Timbo Offline
Silver Member

Registered: 07/18/12
Posts: 13010
Loc: CNY
Originally Posted By: bluezone
Originally Posted By: Fart in the Wind

the hard-earned pensions of public workers...


LOL

odd that you were unable to provide a lengthy list of local employers that offer a pension

the four examples that you listed do NOT offer a pension

pay into your own 401k if you want retirement money


Originally Posted By: Fart in the Wind
From their respective websites:

Seneca Foods offers a 401(k) savings plan

ZOTOS INTERNATIONAL INC 401(k), 401(a), Employee Stock Ownership Plan (ESOP), Savings Plans and Profit Sharing Plans.

Xerox - defined contribution plans.

Guardian Glass 401K-retirement account


odd that you were unable to provide a lengthy list of local employers that require the same level of education, schedule, duties, career-long training and responsibilities.

Oh, right... there aren't any.
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#1469482 --- 04/21/15 10:51 AM Re: 401k vs State Pension Plan [Re: bluezone]
Fart in the Wind Offline
Member

Registered: 03/10/12
Posts: 429
Loc: beneath the Utica Shale
Quote:
the four examples that you listed do NOT offer a pension


Originally Posted By: Fart in the Wind
From their respective websites:

Seneca Foods offers a 401(k) savings plan

ZOTOS INTERNATIONAL INC 401(k), 401(a), Employee Stock Ownership Plan (ESOP), Savings Plans and Profit Sharing Plans.

Xerox - defined contribution plans.

Guardian Glass 401K-retirement account


There are two main types of pension plans:
1. defined benefit plan
2. defined contribution plan

Defined Benefit Plan AKA defined benefit pension plan:

A company pension plan in which an employee's pension payments are calculated according to length of service and the salary they earned at the time of retirement. Public workers, Government and Xerox, etc.)

What are defined contribution plans?
http://money.cnn.com/retirement/guide/401k_basics.moneymag/index.htm

401(k)s and similar plans - 403(b)s, 457s and Thrift Savings Plans - are ways to save for your retirement that your employer provides, or "sponsors." You may hear people describe them as "defined contribution plans." That name comes from the fact that you make contributions to the plans - that is, you put your own money into them. (You may also hear your employer describe the plan simply as "The Company X Savings Plan.")

Here's how they break down:

401(k)s are the version that corporations offer to their employees. (Roth 401(k)s are a subgroup that has different tax treatment.)
403(b)s are for employees of public education entities and most other nonprofit organizations.
457s are for state and municipal employees, as well as employees of qualified nonprofits.
Thrift Savings Plans (TSPs) are for federal employees.
401(k) plans are the most common type of defined contribution plan, so they're what you may read and hear about most often. But in fact there are no huge differences between a 401(k) plan and the other defined contribution plans (beyond who can use them, of course).

1...2...3... wait for it!...move the target when proven wrong... not only wrong but cluelesszoned...


Edited by Fart in the Wind (04/21/15 11:01 AM)

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#1469501 --- 04/21/15 03:58 PM Re: 401k vs State Pension Plan [Re: Fart in the Wind]
Josephus Offline
Silver Member

Registered: 08/25/00
Posts: 11561
Loc: NYS
Originally Posted By: Fart in the Wind

1...2...3... wait for it!...move the target when proven wrong... not only wrong but cluelesszoned...

HA! Yep... for Bluezone, that's an accurate prediction. grin
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#1470797 --- 05/13/15 07:44 AM Re: Eliminate State Pension Plans [Re: Fart in the Wind]
bluezone Offline
Diamond Member

Registered: 12/19/04
Posts: 32003
Loc: USA
Originally Posted By: Fart in the Wind
Quote:
the four examples that you listed do NOT offer a pension


Originally Posted By: Fart in the Wind
From their respective websites:

Seneca Foods offers a 401(k) savings plan

ZOTOS INTERNATIONAL INC 401(k), 401(a), Employee Stock Ownership Plan (ESOP), Savings Plans and Profit Sharing Plans.

Xerox - defined contribution plans.

Guardian Glass 401K-retirement account


There are two main types of pension plans:
1. defined benefit plan
2. defined contribution plan

Defined Benefit Plan AKA defined benefit pension plan:

A company pension plan in which an employee's pension payments are calculated according to length of service and the salary they earned at the time of retirement. Public workers, Government and Xerox, etc.)

What are defined contribution plans?
http://money.cnn.com/retirement/guide/401k_basics.moneymag/index.htm

401(k)s and similar plans - 403(b)s, 457s and Thrift Savings Plans - are ways to save for your retirement that your employer provides, or "sponsors." You may hear people describe them as "defined contribution plans." That name comes from the fact that you make contributions to the plans - that is, you put your own money into them. (You may also hear your employer describe the plan simply as "The Company X Savings Plan.")

Here's how they break down:

401(k)s are the version that corporations offer to their employees. (Roth 401(k)s are a subgroup that has different tax treatment.)
403(b)s are for employees of public education entities and most other nonprofit organizations.
457s are for state and municipal employees, as well as employees of qualified nonprofits.
Thrift Savings Plans (TSPs) are for federal employees.
401(k) plans are the most common type of defined contribution plan, so they're what you may read and hear about most often. But in fact there are no huge differences between a 401(k) plan and the other defined contribution plans (beyond who can use them, of course).



and those four companies you listed DO NOT OFFER A DEFINED BENEFIT PLAN AKA PENSION

eliminate the 'teachers' pension as there are no companies in this area that offer a generous pension as the 'teachers' get

try again....
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#1470798 --- 05/13/15 07:50 AM Re: Eliminate State Pension Plans [Re: Fart in the Wind]
bluezone Offline
Diamond Member

Registered: 12/19/04
Posts: 32003
Loc: USA
Originally Posted By: Tacitus
I think the district needs to do more to address their costs before they ask for this kind of increase. The personnel contracts have built-in raises every year, and I think the health care and pension benefits are undervalued in their contribution to the overall compensation package. Then there's tenure, which is an extremely valuable benefit that is treated as if it is a sovereign right.


correct

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#1470801 --- 05/13/15 08:30 AM Re: Eliminate State Pension Plans [Re: bluezone]
bluezone Offline
Diamond Member

Registered: 12/19/04
Posts: 32003
Loc: USA
Originally Posted By: bluezone
[quote=Fart in the Wind]
Quote:
the four examples that you listed do NOT offer a pension


Originally Posted By: Fart in the Wind
From their respective websites:

Seneca Foods offers a 401(k) savings plan

ZOTOS INTERNATIONAL INC 401(k), 401(a), Employee Stock Ownership Plan (ESOP), Savings Plans and Profit Sharing Plans.

Xerox - defined contribution plans.

Guardian Glass 401K-retirement account


There are two main types of pension plans:
1. defined benefit plan
2. defined contribution plan

Defined Benefit Plan AKA defined benefit pension plan:

A company pension plan in which an employee's pension payments are calculated according to length of service and the salary they earned at the time of retirement. Public workers, Government and Xerox, etc.)

What are defined contribution plans?
http://money.cnn.com/retirement/guide/401k_basics.moneymag/index.htm



you first stated that xerox has a defined CONTRIBUTION plan but your following post refers to xerox as a defined BENEFIT plan

not able to keep your story straight... whistle

still have not seen that lengthy list of local companies that offer a pension or a generous PENSION as the 'teachers' get
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"OUR COUNTRY IS IN MOURNING, A SOLDIER DIED TODAY."

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#1470808 --- 05/13/15 10:43 AM Re: Eliminate State Pension Plans [Re: bluezone]
Timbo Offline
Silver Member

Registered: 07/18/12
Posts: 13010
Loc: CNY
Originally Posted By: bluezone
still have not seen that lengthy list of local companies that offer a pension or a generous PENSION as the 'teachers' get

... and WE still have not seen that lengthy list of local companies that require the same formidable level of education, skills, duties and responsibilities, as those required of teachers. whistle
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Everyone's entitled to their own opinions, but not their own facts.

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#1470812 --- 05/13/15 11:11 AM Re: Eliminate State Pension Plans [Re: Timbo]
Teonan Offline
Senior Member

Registered: 05/30/12
Posts: 4564
Loc: West End
Originally Posted By: Timbo
Originally Posted By: bluezone
still have not seen that lengthy list of local companies that offer a pension or a generous PENSION as the 'teachers' get

... and WE still have not seen that lengthy list of local companies that require the same formidable level of education, skills, duties and responsibilities, as those required of teachers. whistle


Right ON!

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#1470834 --- 05/13/15 06:24 PM Re: Eliminate State Pension Plans [Re: Teonan]
sands Offline
Senior Member

Registered: 09/05/05
Posts: 8255
Loc: NY
Originally Posted By: Teonan
Originally Posted By: Timbo
require the same formidable level of education



As his post show, graduating from high school must have been a "formidable level of education" for Timbo.


Concord High School graduates
http://www.silive.com/news/index.ssf/2012/06/staten_islands_gaynor_mccown_e.html
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#1470843 --- 05/13/15 11:03 PM Re: Eliminate State Pension Plans [Re: sands]
Lucinda Knotts Offline
Senior Member

Registered: 01/11/11
Posts: 4459
Loc: USA
Wow, Sands! How far over your head did that point go? Looks like it missed you by about ten feet!

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#1470873 --- 05/14/15 09:50 AM Re: Eliminate State Pension Plans [Re: bluezone]
bluezone Offline
Diamond Member

Registered: 12/19/04
Posts: 32003
Loc: USA
Originally Posted By: Fart in the Wind

There are two main types of pension plans:
1. defined benefit plan
2. defined contribution plan

Defined Benefit Plan AKA defined benefit pension plan:

A company pension plan in which an employee's pension payments are calculated according to length of service and the salary they earned at the time of retirement. Public workers, Government and Xerox, etc.)



exclude xerox as they have a defined CONTRIBUTION plan and NOT a pension

it appears that the only 'employees' that get a generous pension are the 'teachers'
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"OUR COUNTRY IS IN MOURNING, A SOLDIER DIED TODAY."

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#1470874 --- 05/14/15 10:12 AM Re: Eliminate State Pension Plans [Re: bluezone]
Timbo Offline
Silver Member

Registered: 07/18/12
Posts: 13010
Loc: CNY
Originally Posted By: bluezone
Originally Posted By: Fart in the Wind

There are two main types of pension plans:
1. defined benefit plan
2. defined contribution plan

Defined Benefit Plan AKA defined benefit pension plan:

A company pension plan in which an employee's pension payments are calculated according to length of service and the salary they earned at the time of retirement. Public workers, Government and Xerox, etc.)

exclude xerox as they have a defined CONTRIBUTION plan and NOT a pension

it appears that the only 'employees' that get a generous pension are the 'teachers'

Since when did Xerox become an institution of learning??? crazy
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#1470876 --- 05/14/15 10:30 AM Re: eliminate state pensions [Re: bluezone]
bluezone Offline
Diamond Member

Registered: 12/19/04
Posts: 32003
Loc: USA
Originally Posted By: tubby
IBM, Canandaigua Wine, Kodak, Xerox, First Niagara, Five Star, Community Bank, Guardian Glass, new employees at ITT, Seneca Foods, Zoto's etc. NO pension.



some fail to understand...
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"OUR COUNTRY IS IN MOURNING, A SOLDIER DIED TODAY."

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#1470878 --- 05/14/15 10:42 AM Re: eliminate state pensions [Re: bluezone]
Timbo Offline
Silver Member

Registered: 07/18/12
Posts: 13010
Loc: CNY
Originally Posted By: bluezone
Originally Posted By: tubby
IBM, Canandaigua Wine, Kodak, Xerox, First Niagara, Five Star, Community Bank, Guardian Glass, new employees at ITT, Seneca Foods, Zoto's etc. NO pension.

some fail to understand...

that none of those listed above share any resemblance whatsoever, with schools.
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Everyone's entitled to their own opinions, but not their own facts.

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#1470921 --- 05/15/15 09:42 AM Re: eliminate state pensions [Re: bluezone]
bluezone Offline
Diamond Member

Registered: 12/19/04
Posts: 32003
Loc: USA
Originally Posted By: tubby
IBM, Canandaigua Wine, Kodak, Xerox, First Niagara, Five Star, Community Bank, Guardian Glass, new employees at ITT, Seneca Foods, Zoto's etc. NO pension.



wonder if these companies could survive if they offered over generous pensions like the 'teachers' get?

the taxpayers have to pay for the 'teachers' pensions though...
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