@@@I took the lump sum - thanks Google
No Inflation Relief: Verizon's traditional pension annuity does not include a Cost-of-Living Adjustment (COLA). Over a 20-to-30-year retirement, flat monthly payments will significantly lose their purchasing power
If we only had a crystal ball. I guess should be grateful to have been spared for 30 years. At the beginning I felt obliged but when 2014 kicked in I should have invested the dues in an IRA. It's really pathetic what the IBEW has become.
@ch it doesn’t matter if you resign or not. You still have to keep paying them. Talk about a racket. That’s right out of the mafia playbook. You’re laying the union for “protection”. How’s that working out for you.
@ch Sometimes people get too far along to bail, but if you think the union has done a good job negotiating pensions and medical you are sadly mistaken. They dropped the ball years ago, and now some member are waking up and realizing it.
@am then resign from the Union and deal with the repercussions. It’s not that difficult, stand up for your beliefs and make a change if it’s that bad
@am Yup! Union leadership has been failing their membership for years!
Verizon’s pension is a joke. They destroyed that back in 2006 and finished the job in 2014. You’d be just as good investing the union dues you’ve wasted for 30 years.