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Brown Cafe UPS Forum
UPS Partners
2014 Enhancement?
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<blockquote data-quote="Catatonic" data-source="post: 1258474" data-attributes="member: 7966"><p>The legal language in the retirement contract is very tightly written.</p><p>The idea that future gens of UPS Management Committee could not easily change it to do things like you are talking about.</p><p>When every buyout was offered, I heard the Accounting folks complaining about how the "pension" language was airtight.</p><p>One thing going our way ... hopefully.</p><p></p><p>The cost to UPS is pretty much the same ... look at the monthly payout before retirement age 65 back to age 55.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 1258474, member: 7966"] The legal language in the retirement contract is very tightly written. The idea that future gens of UPS Management Committee could not easily change it to do things like you are talking about. When every buyout was offered, I heard the Accounting folks complaining about how the "pension" language was airtight. One thing going our way ... hopefully. The cost to UPS is pretty much the same ... look at the monthly payout before retirement age 65 back to age 55. [/QUOTE]
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