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Brown Cafe UPS Forum
UPS Retirement Topics
May 10th Announcement .Pension
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<blockquote data-quote="jehardrock" data-source="post: 193785" data-attributes="member: 7763"><p>Elimination of the management pension plan saves UPS big $$. UPS is currently obligated to pay into the pension plan for all employees. However, not all get into the 401K or contribute for the maximum match. Too many live for today. That's the savings for UPS. If this is eliminated the only golden handcuff left is the accumulated Restricted Stock Units (RSUs). There is also talk of a "Leadership Crisis" within UPS and meetings are taking place to discuss promotable candidates. Even though they discuss them, opportunities still do not exist for those that are "No-Relo". We're headed for some sad times where the true leaders will be working to make their less competent Managers successful. But I've always said that a Manager is only as good as the people that work for them.</p></blockquote><p></p>
[QUOTE="jehardrock, post: 193785, member: 7763"] Elimination of the management pension plan saves UPS big $$. UPS is currently obligated to pay into the pension plan for all employees. However, not all get into the 401K or contribute for the maximum match. Too many live for today. That's the savings for UPS. If this is eliminated the only golden handcuff left is the accumulated Restricted Stock Units (RSUs). There is also talk of a "Leadership Crisis" within UPS and meetings are taking place to discuss promotable candidates. Even though they discuss them, opportunities still do not exist for those that are "No-Relo". We're headed for some sad times where the true leaders will be working to make their less competent Managers successful. But I've always said that a Manager is only as good as the people that work for them. [/QUOTE]
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