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Brown Cafe UPS Forum
UPS Retirement Topics
Pension in Jeopardy
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<blockquote data-quote="trickpony1" data-source="post: 85089" data-attributes="member: 1957"><p>You probably remember the "thrift plan", you know, the little nest egg that everyone from the district manager to the lowly part-timer could contribute to. I was led to believe that the thrift plan would be around forever then, suddenly, the company decided to liquidate the thrift plan and force us to do something else with that money, hopefully buy company stock.</p><p></p><p>Before 5 people post telling how well they have done....I already know, I rolled some into stock and bought more.</p><p></p><p>The moral of this story is....if the company can just up and change their mind about the thrift plan who is to say they won't screw with the health, welfare and pension if they gain control of it?</p><p></p><p>I am on the fence on this issue but I occasionally lean towards the company gaining control as they couldn't possibly screw it up any worse than it already is.</p></blockquote><p></p>
[QUOTE="trickpony1, post: 85089, member: 1957"] You probably remember the "thrift plan", you know, the little nest egg that everyone from the district manager to the lowly part-timer could contribute to. I was led to believe that the thrift plan would be around forever then, suddenly, the company decided to liquidate the thrift plan and force us to do something else with that money, hopefully buy company stock. Before 5 people post telling how well they have done....I already know, I rolled some into stock and bought more. The moral of this story is....if the company can just up and change their mind about the thrift plan who is to say they won't screw with the health, welfare and pension if they gain control of it? I am on the fence on this issue but I occasionally lean towards the company gaining control as they couldn't possibly screw it up any worse than it already is. [/QUOTE]
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