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UPS Partners
Redesigned mip
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<blockquote data-quote="upsdawg" data-source="post: 51933"><p>Thank you everybody for your imput--I have been following this thread and some excellent points are being expressed and shared. </p><p> </p><p>My feelings are the MIP has always been the "Balancer"---this is what has evened out the salary compared to an hourly person. It is a way for the company to "Reward" you annually and normally this money just sat and grew---if you needed some cash you would Hypo some shares, but you did not sell any shares.!! This mindset has changed. </p><p> </p><p>Regarding the "Next" change-----what if the Pension Plan was changed-----the rumor has been moving the age to 57----and I am sure that because we have so many Staff level and above retiring this year and next---the 57 thing did not materialize-------but afetr the 3500 staff people nationally leave by the end of 2006, I would bet $$$$$ that there will be a change to the UPS Pension Plan. </p><p> </p><p>So, after 2 years the MIP changes will quiet down--and it will be time for the "SPIN" on a new and improved Retirement Plan.So if you are a new Management person---of if you have been in for awhile and were looking forward to the magic numbers----25 at 55, what will the new numbers be??</p></blockquote><p></p>
[QUOTE="upsdawg, post: 51933"] Thank you everybody for your imput--I have been following this thread and some excellent points are being expressed and shared. My feelings are the MIP has always been the "Balancer"---this is what has evened out the salary compared to an hourly person. It is a way for the company to "Reward" you annually and normally this money just sat and grew---if you needed some cash you would Hypo some shares, but you did not sell any shares.!! This mindset has changed. Regarding the "Next" change-----what if the Pension Plan was changed-----the rumor has been moving the age to 57----and I am sure that because we have so many Staff level and above retiring this year and next---the 57 thing did not materialize-------but afetr the 3500 staff people nationally leave by the end of 2006, I would bet $$$$$ that there will be a change to the UPS Pension Plan. So, after 2 years the MIP changes will quiet down--and it will be time for the "SPIN" on a new and improved Retirement Plan.So if you are a new Management person---of if you have been in for awhile and were looking forward to the magic numbers----25 at 55, what will the new numbers be?? [/QUOTE]
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