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<blockquote data-quote="Channahon" data-source="post: 197942" data-attributes="member: 7666"><p>Westside,</p><p>I agree with you. However, nowadays with pensions being cut, social security issues, it is in the best interest of any employee to count on their own investments with 401K's, stock, savings, etc.</p><p> </p><p>I have contributed to social security for 38 years, and am not counting on getting anything.</p><p> </p><p>So if UPS replaces MIP with cash bonuses, the employees will be able to manage their own investments. And with FedEx going to a cash balance pension, I have a feeling UPS is going to follow. There has been talk for a couple of years regarding the cash balance pension at UPS.</p></blockquote><p></p>
[QUOTE="Channahon, post: 197942, member: 7666"] Westside, I agree with you. However, nowadays with pensions being cut, social security issues, it is in the best interest of any employee to count on their own investments with 401K's, stock, savings, etc. I have contributed to social security for 38 years, and am not counting on getting anything. So if UPS replaces MIP with cash bonuses, the employees will be able to manage their own investments. And with FedEx going to a cash balance pension, I have a feeling UPS is going to follow. There has been talk for a couple of years regarding the cash balance pension at UPS. [/QUOTE]
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