RandomUPSDude
New Member
The ownership incentive going away is just about a wash for those who already have the award maxed out.
For those who do not, your Total Target Compensation is being reduced despite all the claims otherwise. New employees who haven't had time to obtain enough stocks are no longer able to earn that award which maxes out at ones months salary (a little more than 8% of you salary). So you are taking a future 8% pay cut, if you are the type of person to accumulate stocks. If you are the kind of person that would cash out your stocks anyway, then you aren't really losing much with the change.
If you are able to purchase stocks and hold them on Dec 1, 2022 this year, you will earn 3.5% (for sup level) on those funds as long as you continue to work for UPS. After Dec 1, 2022, you can move those same funds somewhere else, but you will continue to earn your 3.5% on them. Of course, the stock market could drop in that period, creating a loss.
For those who do not, your Total Target Compensation is being reduced despite all the claims otherwise. New employees who haven't had time to obtain enough stocks are no longer able to earn that award which maxes out at ones months salary (a little more than 8% of you salary). So you are taking a future 8% pay cut, if you are the type of person to accumulate stocks. If you are the kind of person that would cash out your stocks anyway, then you aren't really losing much with the change.
If you are able to purchase stocks and hold them on Dec 1, 2022 this year, you will earn 3.5% (for sup level) on those funds as long as you continue to work for UPS. After Dec 1, 2022, you can move those same funds somewhere else, but you will continue to earn your 3.5% on them. Of course, the stock market could drop in that period, creating a loss.