MIP Advance Payment Election

Discussion in 'UPS Partners' started by Fenris, Oct 15, 2011.

  1. Fenris

    Fenris Member

    The MIP advance payment election options appear to be only cash and 401K, no option for stock. Does anyone know if this is the plan for MIP going forward or what the rationale is? Does this mean changes to the ownership incentive?
     
  2. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    The "advance" word is operative here.
    There is no reason to "advance" stock since it is the same regardless. I was not aware of the cash ... I thought it was only regular 401k (not the over 50 catchup)
    I believe this is only an option this year.
    Not too sure ... I did not pay much attention when this was announced. Sorry.
     
  3. pretzel_man

    pretzel_man Well-Known Member

    If you want stock, you are better off taking the cash and buying stock at a discount.

    Of course, the 401K had great tax benefits.

    This advance is for this year only.