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The truth behind the 1.6 MIP for this year
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<blockquote data-quote="Channahon" data-source="post: 170449" data-attributes="member: 7666"><p>I'm sure most of you know the 1.6 MIP is for supervisors and managers get 3.2. The MIP is an award, not a bonus, you have to be <strong>recommended</strong> by your Division/Staff Manager. </p><p> </p><p>As far as the new payout, is it that bad of a deal? 50% of your award is deferred over 5 years, so if you were awarded $20,000 only $10,000 is added to your earnings for the year. In some cases, this may bring someone into a lower tax bracket. </p><p> </p><p>The RSU's are no different that a stock option for divison/staff managers, who leave UPS prior to their stock vesting, they lose their options.</p></blockquote><p></p>
[QUOTE="Channahon, post: 170449, member: 7666"] I'm sure most of you know the 1.6 MIP is for supervisors and managers get 3.2. The MIP is an award, not a bonus, you have to be [B]recommended[/B] by your Division/Staff Manager. As far as the new payout, is it that bad of a deal? 50% of your award is deferred over 5 years, so if you were awarded $20,000 only $10,000 is added to your earnings for the year. In some cases, this may bring someone into a lower tax bracket. The RSU's are no different that a stock option for divison/staff managers, who leave UPS prior to their stock vesting, they lose their options. [/QUOTE]
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The truth behind the 1.6 MIP for this year
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