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Brown Cafe UPS Forum
UPS Partners
MIP, Pension etc
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<blockquote data-quote="New Sup" data-source="post: 276433"><p>Seems like this year will be the last year for MIP & traditional pensions for supervisors & managers......what is saved will be used to help fund UPS getting out of the 6 billion dollars Central States hole....The pension & Mip will be replaced by a bigger 401k match and be portable.......Divion Managers & above will have enhanced compensations & their options price point will be rolled back to what it was when they first entered full time management.......Im not sure what that means but it sure sounds pretty good......I dont think that UPS wants any lower level management around for very long....not with so many of the specialists & oms's .......its either going to be up or out for management.....maybe there will be specific time frames attached to each level.....who knows ?....I have much to consider</p></blockquote><p></p>
[QUOTE="New Sup, post: 276433"] Seems like this year will be the last year for MIP & traditional pensions for supervisors & managers......what is saved will be used to help fund UPS getting out of the 6 billion dollars Central States hole....The pension & Mip will be replaced by a bigger 401k match and be portable.......Divion Managers & above will have enhanced compensations & their options price point will be rolled back to what it was when they first entered full time management.......Im not sure what that means but it sure sounds pretty good......I dont think that UPS wants any lower level management around for very long....not with so many of the specialists & oms's .......its either going to be up or out for management.....maybe there will be specific time frames attached to each level.....who knows ?....I have much to consider [/QUOTE]
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