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UPS Partners
Management SRP/EBO Sad & Happy Faces
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<blockquote data-quote="Six Sides" data-source="post: 684846" data-attributes="member: 9782"><p><span style="font-family: 'Times New Roman'"><span style="font-size: 12px">This is not the same as prior buyouts. This one has different levels of separation packages based on age and level of management. The 50-53 age group from grade 18 up is offered not much; cash, no benefits and normal retirement at age 65. The 54+ age group for all levels of management except supervisors is offered cash, stock, benefits and pension starting in April or when they turn 55 in 2010. The way this is being applied is not equal to all age groups and levels of management. A company can not cherry pick a voluntary buyout. It must have an equal standard, like the rule of 80 for all management levels.</span></span></p></blockquote><p></p>
[QUOTE="Six Sides, post: 684846, member: 9782"] [FONT=Times New Roman][SIZE=3]This is not the same as prior buyouts. This one has different levels of separation packages based on age and level of management. The 50-53 age group from grade 18 up is offered not much; cash, no benefits and normal retirement at age 65. The 54+ age group for all levels of management except supervisors is offered cash, stock, benefits and pension starting in April or when they turn 55 in 2010. The way this is being applied is not equal to all age groups and levels of management. A company can not cherry pick a voluntary buyout. It must have an equal standard, like the rule of 80 for all management levels.[/SIZE][/FONT] [/QUOTE]
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