Pension rumors?

[UPS1907]

Is anyone at UPS hearing about UPS taking the management pension and paying them off? Talk about a greedy grab. This would be a new low.

 

[airops]

Would it surprise anyone?

 

[beentheredonethat]

1 word.... NO.. But to make you feel better, I'm sure Scott will earn another million by taking this away from mgmt.. Thanks D. Scott

 

[upscorpis]

If that happened, I'd be gone.

 

[BURMDPsupe]

If that happened, I'd be gone.

Would that be part of a "master plan?" What if a quarter of the seasoned management folks left if the pension was dissolved? UPS would benefit by hiring new management folks off the street at a reduced salary. Technology alone will not run this company...experience is often overlooked.

M-

 

[Catatonic]

If that happened, I'd be gone.

If they offered this, they would exclude 20/29.

 

[seagull4]

20/29 What does that stand for ?

 

[UPS1907]

If that happened, I'd be gone.

Would that be part of a "master plan?" What if a quarter of the seasoned management folks left if the pension was dissolved? UPS would benefit by hiring new management folks off the street at a reduced salary. Technology alone will not run this company...experience is often overlooked.

M-

I agree. What better way to get rid high paid management. People under like 34 don't get a pension anyway, so they'll stay. Everyone else will be a free for all. Of course, don't forget about the RSU's management will leave on the table if they all try to leave. UPS has thought this out and no matter what THEY WIN.

 

[FracusBrown]

20/29 What does that stand for ?

Corp IS geeks

 

[airops]

Wasn't it the Total Rewards website that told us what UPS thought our pension was worth? I can't locate it on the site.

 

[upscorpis]

If they offered this, they would exclude 20/29.

I know a whole bunch of talented folks that only stay because of the pension. There are good, name brand, stable companies larger than UPS that are sniffing around all the time. Some are even willing to make up 100% for the loss of deferred compensation. The only thing they cannot match or make up is the pension. If that were to go, the floodgates would be open.

 

[menotyou]

I wish they would realize how important a good manager is. Seriously.

 

[serenity now]

I wish they would realize how important a good manager is. Seriously.

manager is so yesterday * now we have call takers * sir, yes sir; i will cut 3 routes

 

[Catatonic]

20/29 What does that stand for ?

20 is the Region and 29 is the district.

This is the Information Services group.

None are in Corporate BTW.

 

[Jackburton]

You guys should negotiate this into your next contract.

 

[2BOver]

I ran this rumor past my financial guy, who has several high level clients in Atlanta, and he said that he had been hearing this rumor for the last few years.......and it was just that - a rumor.

 

[upsoldtimer]

While it indeed may be a rumor, I always thought it interesting that when the Total Rewards portal went online that the current cash value of one's pension became available. I can understand displaying that info for those who are not grandfathered into the regular pension, but it is also visible to those who are grandfathered....go figure....

 

[Catatonic]

I ran this rumor past my financial guy, who has several high level clients in Atlanta, and he said that he had been hearing this rumor for the last few years.......and it was just that - a rumor.

Tell Mr Obvious "Thanks for clearing that up."

 

[menotyou]

Tell Mr Obvious "Thanks for clearing that up."

The Mr. Obvious Show - The Critter - YouTube

 

[East coast navy]

manager is so yesterday * now we have call takers * sir, yes sir; i will cut 3 routes

Lol so true. Some manger's and sup's in my bldg. can't break them selves out of a wet paper bag.