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UPS Partners
UPS Retirement Plan Question
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<blockquote data-quote="upandcomer" data-source="post: 779990" data-attributes="member: 13387"><p>Since none of the management in my building seems to know I am asking everyone else.</p><p></p><p>I was hired AFTER January 1st 2008.</p><p></p><p>I received my UPS Retirement Plan statement in the mail today.</p><p></p><p>I thought employees hired after 01/01/08 were only eligible for the 401(k) (UPS Savings Plan).</p><p></p><p>This would imply that we still are part of the UPS Retirement Plan but we get a defined benefit each year that is portable if we leave the company. </p><p></p><p>Is that the case, am I accruing a defined benefit plan as well as being eligible for the UPS Savings Plan? If so, I just found out I am significantly richer than I thought I was! Could be a great day!</p></blockquote><p></p>
[QUOTE="upandcomer, post: 779990, member: 13387"] Since none of the management in my building seems to know I am asking everyone else. I was hired AFTER January 1st 2008. I received my UPS Retirement Plan statement in the mail today. I thought employees hired after 01/01/08 were only eligible for the 401(k) (UPS Savings Plan). This would imply that we still are part of the UPS Retirement Plan but we get a defined benefit each year that is portable if we leave the company. Is that the case, am I accruing a defined benefit plan as well as being eligible for the UPS Savings Plan? If so, I just found out I am significantly richer than I thought I was! Could be a great day! [/QUOTE]
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