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Maybe it's Me
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<blockquote data-quote="pretzel_man" data-source="post: 877177" data-attributes="member: 927"><p>I'm not sure which is the chicken and which is the egg. </p><p></p><p>Research says that the younger generation will move between companies. Have many jobs before they are 30. It says they don't value defined pension plans.</p><p></p><p>So, UPS eliminates their incentive to stay by making their pension contribution portable. Was that truly as a response to the demand? Or a self fullfilling prophecy?</p><p></p><p>I honestly do not know which path is more expensive for UPS.... </p><p></p><p>I do know that with the defined benefit plan, its worth about half if you leave before you are 55. So logically the portable plan should be more expensive in the short term? It probably reduces risk as well.</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 877177, member: 927"] I'm not sure which is the chicken and which is the egg. Research says that the younger generation will move between companies. Have many jobs before they are 30. It says they don't value defined pension plans. So, UPS eliminates their incentive to stay by making their pension contribution portable. Was that truly as a response to the demand? Or a self fullfilling prophecy? I honestly do not know which path is more expensive for UPS.... I do know that with the defined benefit plan, its worth about half if you leave before you are 55. So logically the portable plan should be more expensive in the short term? It probably reduces risk as well. [/QUOTE]
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