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Brown Cafe UPS Forum
UPS Partners
Management Buyout Update?
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<blockquote data-quote="lifegoeson" data-source="post: 172134" data-attributes="member: 8664"><p>Please be advised that many (under age 55) did not have "big chunks of stock". Some managers were told they would be working the night sort if they didn't take the package. Nearly 200 of the 650 offered the severance were over age 55. Do the math. Plenty of those over 55 chose to stay. The under 55's who took the package are just plain brave. They are the ones facing the most negative financial exposure. UPS policy penalizes anyone who wants to draw a pension before they are 62 if they didn't work until age 55. UPS did not bridge that gap in the offer.</p></blockquote><p></p>
[QUOTE="lifegoeson, post: 172134, member: 8664"] Please be advised that many (under age 55) did not have "big chunks of stock". Some managers were told they would be working the night sort if they didn't take the package. Nearly 200 of the 650 offered the severance were over age 55. Do the math. Plenty of those over 55 chose to stay. The under 55's who took the package are just plain brave. They are the ones facing the most negative financial exposure. UPS policy penalizes anyone who wants to draw a pension before they are 62 if they didn't work until age 55. UPS did not bridge that gap in the offer. [/QUOTE]
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