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No guarantee after December 31, 2012?
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<blockquote data-quote="JonFrum" data-source="post: 940366" data-attributes="member: 18044"><p>Where are you getting the $254.00 a week figure? UPS <u>does</u> fund the new pension plan fully, but not a specific amount per person per week (or per hour or per month.)</p><p></p><p> The whole idea was for UPS to get away from that kind of formula so it could save a bundle. For example, if a new hire full-timer works for more than four years, but not enough to get 5-year Vesting, UPS contributes nothing on that employee's behalf.</p><p></p><p>At least that's how I <u>think</u> it works, looking at it from way over here in Massachusetts.</p></blockquote><p></p>
[QUOTE="JonFrum, post: 940366, member: 18044"] Where are you getting the $254.00 a week figure? UPS [U]does[/U] fund the new pension plan fully, but not a specific amount per person per week (or per hour or per month.) The whole idea was for UPS to get away from that kind of formula so it could save a bundle. For example, if a new hire full-timer works for more than four years, but not enough to get 5-year Vesting, UPS contributes nothing on that employee's behalf. At least that's how I [U]think[/U] it works, looking at it from way over here in Massachusetts. [/QUOTE]
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No guarantee after December 31, 2012?
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