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UPS Partners
Management Buyout Rumors
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<blockquote data-quote="UPS Lifer" data-source="post: 286952" data-attributes="member: 9789"><p>Ever since the first ERO and buyout - this has come up every year. I was 45 during the first one I will be 56 this year!!! There has been no other ERO or buyout since then for the Small Package segment of UPS. </p><p></p><p>I think that you will see some changes in the near future - the rumors about raising the retirement age to 57 have been around 3 years now. This leads me to believe that it was one of the options put on the table to reduce costs and is in the vault for the future....maybe this is the year it is pulled out. </p><p></p><p>When I was 53, I was really worried about the 57 number. I had prepared for 55 for over 32 years! I don't think I could have handled another 2 years. </p><p></p><p>I still feel that way for you guys that are in the same bracket now! </p><p></p><p>I have heard in the past, that future or additional EROs and buyouts cannot be more lucrative than the previous one. I heard that there is some sort of regulation that prohibits a company from making a more lucrative buyout than the previous one. I can't back this up though. Maybe there is a Finance guy out there that can give you more insight.</p></blockquote><p></p>
[QUOTE="UPS Lifer, post: 286952, member: 9789"] Ever since the first ERO and buyout - this has come up every year. I was 45 during the first one I will be 56 this year!!! There has been no other ERO or buyout since then for the Small Package segment of UPS. I think that you will see some changes in the near future - the rumors about raising the retirement age to 57 have been around 3 years now. This leads me to believe that it was one of the options put on the table to reduce costs and is in the vault for the future....maybe this is the year it is pulled out. When I was 53, I was really worried about the 57 number. I had prepared for 55 for over 32 years! I don't think I could have handled another 2 years. I still feel that way for you guys that are in the same bracket now! I have heard in the past, that future or additional EROs and buyouts cannot be more lucrative than the previous one. I heard that there is some sort of regulation that prohibits a company from making a more lucrative buyout than the previous one. I can't back this up though. Maybe there is a Finance guy out there that can give you more insight. [/QUOTE]
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