Why no contract from the Association?

[Traymark]

The IAMNPP argument takes a different slant if there was a market meltdown that causes a large decrease in someone's portfolio.

If anything NYer, a market meltdown would make the IAMNPP even MORE distasteful.
The IAMNPP is invested in, wait for it, the Market.
It would be in even worse shape than it is now and would likely immediately have to cut Benefits Again.
The members in it would have Zero say in how their money was invested.
The members in it would not be able to move their money to investments of their choice, they would be left to the will of the folks running the fund, and I have to say, I'm not impressed with their lineup of financial "experts".

A market meltdown would be the absolute worst thing for anyone currently in the IAMNPP.
However, if you have a 401K, you have the freedom to invest however aggressively or conservatively you choose to at any time.

 

[WeAAsles]

The Weez has spread July in MIA when it was given as a possibility on these pages by people he holds in esteem. That goal post has since been moved, again.

By who has the goalpost if there is an actual goalpost been moved by? "I've" said "I" "think" it "can" be done by July? "Others" "think" the same thing. Maybe even the Company "thinks" the same thing?

And EVERYONE here was able to read the same "opinions"

You have a serious problem in this area understanding coward.

 

[Kev3188]

They also probably lived overextended to begin with? Living in DFW I can't tell you how many Clerks bought ridiculously sized houses (Not being aware the Exectric bill would kill them) and they buy those crazy large BBQ pits and many of them at the very least own two jet skis and/or a boat. Then they HAVE to have that big Ford F-150 to impress all their friends with.

Conspicuous (and over) consumption is a big deal. That issue- and how companies leverage it- is probably worthy of its own thread.

Agreed. There are aren't too many secure hideouts out there financially.

True. That's why workers should be picking the ones that best mitigate the risks.

For me, that means getting the money into my account "now," rather than maybe seeing it in a couple of decades. Maybe.

 

[La Li Lu Le Lo]

This is my pass time instead of watching movies or playing games on my phone like other people do.

It's your pass time? I think you mean your pastime.

 

[WeAAsles]

So your pastime is being an annoying manipulative douche?

I guess everyone has to have a hobby.

Aircraft Maintenance Professionals observe. After Eagles comment.

Unsolicited "attack" # 1

 

[Kev3188]

A spelling flame, name calling, and projection...all in one post. Very efficient.


...and totally unnecessary...

 

[WeAAsles]

Since when is telling the truth an unsolicited attack..... oh I forgot.... you are a liberal.

Carry on.

Unsolicited attack # 2

 

[Albert]

Unsolicited attack # 3

Get back on topic, what type of retirement plans does Walmart offer?

 

[La Li Lu Le Lo]

http://corporate.walmart.com/our-story/working-at-walmart

• 401(k) retirement savings with matching contributions of up to 6% for eligible associates

 

[La Li Lu Le Lo]

I think the company will settle by October.

My opinion.

 

[Albert]

Delete

 

[BeechDriver]

Oh yeah? I think the company will settle by Tuesday! Tuesday, January, 2019!

 

[Albert]

http://corporate.walmart.com/our-story/working-at-walmart

• 401(k) retirement savings with matching contributions of up to 6% for eligible associates

What makes one eligible, are majority of employees covered?

 

[Albert]

Oh yeah? I think the company will settle by Tuesday! Tuesday, January, 2019!

Doesn't matter I got my raise and another in September. I hope they settle after 2018 open enrollment.

 

[NYer]

If anything NYer, a market meltdown would make the IAMNPP even MORE distasteful.
The IAMNPP is invested in, wait for it, the Market.
It would be in even worse shape than it is now and would likely immediately have to cut Benefits Again.
The members in it would have Zero say in how their money was invested.
The members in it would not be able to move their money to investments of their choice, they would be left to the will of the folks running the fund, and I have to say, I'm not impressed with their lineup of financial "experts".

A market meltdown would be the absolute worst thing for anyone currently in the IAMNPP.
However, if you have a 401K, you have the freedom to invest however aggressively or conservatively you choose to at any time.

It may have to cut benefits, but unlike the 401K, my accrued value is more protected for short term. The Pension Plan also has an advantage we may not have, which is time to recover and get healthy. If given a choice, the prudent thing to do, for those years away from retirement would be to diversify their portfolio with a 401K and a Pension Plan.

Those choices may change for those of us with a limited time span before we retire, but not all investment strategies fit everyone the same.

Best case scenario for us, a choice.