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<blockquote data-quote="SimpleUPSer" data-source="post: 276476" data-attributes="member: 10210"><p>Some pretty bold statements. I do not doubt that pensions for new management will most likely go away at some point. The retirement health benefits did a year or two ago for new management hires I heard. This is actually the norm now in big business, largely due to the newer generation of worker typically does not staying long enough to collect a pension anyway, so why have it. </p><p> </p><p>The $$ spent for the CS Pension Fund was cash UPS had sitting around anyway, so I am unsure of how that will directly impact compensation or the changes. Many of the changes were probably in the works already.</p><p> </p><p>I cannot forsee options being rolled back to when division management entered FT management. Two reasons for this, the first is that it would be very costly, the second is that it goes against the company's current initiative to actually reduce that layer of management - more would stick around to the increased compensation possibility.</p><p> </p><p>My thoughts. Comments welcome.</p></blockquote><p></p>
[QUOTE="SimpleUPSer, post: 276476, member: 10210"] Some pretty bold statements. I do not doubt that pensions for new management will most likely go away at some point. The retirement health benefits did a year or two ago for new management hires I heard. This is actually the norm now in big business, largely due to the newer generation of worker typically does not staying long enough to collect a pension anyway, so why have it. The $$ spent for the CS Pension Fund was cash UPS had sitting around anyway, so I am unsure of how that will directly impact compensation or the changes. Many of the changes were probably in the works already. I cannot forsee options being rolled back to when division management entered FT management. Two reasons for this, the first is that it would be very costly, the second is that it goes against the company's current initiative to actually reduce that layer of management - more would stick around to the increased compensation possibility. My thoughts. Comments welcome. [/QUOTE]
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