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<blockquote data-quote="MD Dan" data-source="post: 552618" data-attributes="member: 14028"><p>My take on it was that UPS wanted out of the multi-employer defined contribution plan and wanted to replace it with a defined benefit plan which could be much cheaper and would allow UPS to control the money. UPS was offering $3000 a month after 30 years. My local (639) pension is much better (if I recall $4500/month in '97 and over $6000 today.)</p></blockquote><p></p>
[QUOTE="MD Dan, post: 552618, member: 14028"] My take on it was that UPS wanted out of the multi-employer defined contribution plan and wanted to replace it with a defined benefit plan which could be much cheaper and would allow UPS to control the money. UPS was offering $3000 a month after 30 years. My local (639) pension is much better (if I recall $4500/month in '97 and over $6000 today.) [/QUOTE]
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