Posted on 07/31/2022 3:33:27 PM PDT by grundle
You assume I’m not familiar with pensions.
I’m am the recipient of a pension.
A 401k has its benefits. The Company, Walmart in this case MATCHES the employees contribution.
Plus when the market and 401k investments do well, more funds are added and grow.
Crumbs you say?
Some General Store Mangers at Walmart have 1 million to 2 million dollars in their 401ks at retirement and can cash out at the age of 59 1/2 without IRS penalty.
Add that to the company stocks they’ve been purchasing, and the bonuses they’ve been receiving over the years ($80,000 to $150,000 per year) along with their salary, base salary is $112,000 starting for new General Store Managers.
Your unfounded hatred of Walmart makes you bias.
No unfounded hatred of walmart, just reality checking in. Pensions are, sadly, a thing if the past in the US, for any company to equate a tax deferred savings plan with a pension is folly.
As far as I know Walmart calls it a 401K.
They don’t refer to it as a pension.
A little math reveals my pension from Detroit Fire, if I live until 80 (very doubtful) still won’t even come close to the financial rewards of Walmart General Store Managers.
The list is huge of people starting off as stock boys, cart/buggy pushers, janitors and worked their way up.
The present CEO was an hourly stock boy.
Many people dIdn’t know how much Store Managers actually make.
I didn’t. I might have chose a different career path! LMAO
—— (very doubtful)-—
Think 90
Don’t let the old man in
That's because a 401K is NOT a pension, and does not provide a guaranteed benefit.
I know that. I was replying to someone else.
But thanks.
99% or more of the rank and file workers never become Walmart General Store Managers. They are more likely to win the lottery.
How many of the non managers have to collect food stamps in order to make ends meet (it is nowhere near zero, and a lot greater than the number of general managers).
Your examples are like people justifying dope smoking because the richest man in the world is a dope smoker.
Do you know why some collect food stamps?
Because they’ve always collected food stamps.
The same are on Medicaid too.
They won’t work full time hours. They keep their hours low so they can still receive Welfare benefits.
Many States have a work requirement now for Welfare recipients.
They’ll lose their Welfare if they don’t work, and lose their Welfare if they do work too much and make too much money.
In Michigan, a cashier off the street hire starts at (on average usually more) $18.00 an hour.
Stop buying into old Union propaganda.
In Northern Michigan because of a smaller population and numerous other retailers offering jobs, Walmart starts at $20-$24 an hour.
That’s not bad for a new hire.
But I have dirt on Hillary Clinton I’m going to expose when I turn 79 in twenty years.
😆🤣😂
“Many States have a work requirement now for Welfare recipients.
They’ll lose their Welfare if they don’t work, and lose their Welfare if they do work too much and make too much money.”
LOL! Talk about old propaganda!
I’m 80
I’m having monthly lunch today with high school friends who are also all 80. We are pretty much in wonder at the number of us who at 80 are still going forward.
Like I said......... seriously, think 90
Long story but stick with it.
During my single years, I dated many young teachers or teaching students, still in college. Each and every one of them told me they received a variation of “the lecture” in their first year. “If you’re trying to get rich, go to law school, this job will never make you financially wealthy”. Almost all of them said they wanted the stability of always being able to find work, the health and retirement benefits, and the summers off. They all knew it would take about five-ten years to get to the right place.
The first few years sucked. They had summer jobs, and they snagged tutoring gigs over holidays and weekends but they knew what they were getting into. I know of at least three of them that are still teaching, 30 years later.
Anyone that goes into teaching complaining about the pay, is a moron and most likely a liar.
So, this guy should work at Walmart because he was never meant to be a teacher.
In New York, teachers are paid 60k to over 100k with summers off and great benefits and many are generously bought out at 50-55 for early retirement. Almost all are tried and true teacher union leftist automatons. Having to work summers is not necessary as it was 30 years ago, now people only do it to escape boring lives.
It’s the Law in Michigan.
So, I’m sure it’s the law in other States as well.
Texas and Florida come to mind.
Your lunch date sounds great.
A bunch of active elder gentlemen…….I bet y’all got a lot of knowledge at that lunch.
Have fun today.
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