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<blockquote data-quote="pretzel_man" data-source="post: 477253" data-attributes="member: 927"><p>I'm pretty sure it started as planned?? I'm not aware that it was delayed. I have a few people in my group that are in that new plan, and have heard nothing.</p><p> </p><p>This is from UPSers.com:</p><p> </p><p>Effective January 1, 2008, a new retirement plan formula, called the Portable Account Formula (PAF), will be added to the UPS Retirement Plan for union-free new hires, rehires, and employees newly eligible for the plan on or after January 1, 2008. </p><p>UPS will continue to offer the current UPS Retirement Plan formula to eligible UPSers who, as of December 31, 2007, were and continue to be eligible for the UPS Retirement Plan. The existing retirement plan benefit is calculated based on a final average earnings (FAE) formula. </p><p> </p><p> </p><p>P-Man</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 477253, member: 927"] I'm pretty sure it started as planned?? I'm not aware that it was delayed. I have a few people in my group that are in that new plan, and have heard nothing. This is from UPSers.com: Effective January 1, 2008, a new retirement plan formula, called the Portable Account Formula (PAF), will be added to the UPS Retirement Plan for union-free new hires, rehires, and employees newly eligible for the plan on or after January 1, 2008. UPS will continue to offer the current UPS Retirement Plan formula to eligible UPSers who, as of December 31, 2007, were and continue to be eligible for the UPS Retirement Plan. The existing retirement plan benefit is calculated based on a final average earnings (FAE) formula. P-Man [/QUOTE]
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