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UPS Retirement Topics
May 10th Announcement .Pension
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<blockquote data-quote="bones" data-source="post: 193528" data-attributes="member: 8429"><p>I agree, many people, especailly those with not many years in, will get far less over the long run than others, it just happens to work well for others like me, over 20 years in but only around 40. I haven't run the numbers but thinking about it it would not be good for those over 50 becaue they couldn't take the lump sum like I can and have it invested for a long period of time. This will definitey be a cost savings for the company in the long run as the additional 3% match definetely has to be cheaper than funding a pension program. In the end management will get less and less, I just think this is inevitable weather there is a buyout of the pension or not. UPS does not have to negotiate with a union to cut management compensation. The new UPS will always take the path of least resistance, right and wrong is no longer important to the decission makers (grade 20's and above).</p></blockquote><p></p>
[QUOTE="bones, post: 193528, member: 8429"] I agree, many people, especailly those with not many years in, will get far less over the long run than others, it just happens to work well for others like me, over 20 years in but only around 40. I haven't run the numbers but thinking about it it would not be good for those over 50 becaue they couldn't take the lump sum like I can and have it invested for a long period of time. This will definitey be a cost savings for the company in the long run as the additional 3% match definetely has to be cheaper than funding a pension program. In the end management will get less and less, I just think this is inevitable weather there is a buyout of the pension or not. UPS does not have to negotiate with a union to cut management compensation. The new UPS will always take the path of least resistance, right and wrong is no longer important to the decission makers (grade 20's and above). [/QUOTE]
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