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UPS Retirement Topics
UPS Special Pension Buyout Offer - December 2016
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<blockquote data-quote="UPSandy36109" data-source="post: 2383853" data-attributes="member: 64378"><p>I am 46(Friday), half decent at math, and I still can't understand UPS' actuarial formulation.</p><p>I am 16 years away from their early retirement. I have 5 years in, was pensioned out for medical disability. To be more clear, I would start receiving checks of 225, plus or minus, at 62.</p><p>The odds are in UPS' favor that-being a single-none with no beneficiary-I could kick the bucket before I get my pension in 16 years. I've seen all kind of estimates, including 1 33 year old where, even after all opinions, would receive around 30K, according to the members of this thread.</p><p>Let's do the math here: UPS is a publicly traded company, therefore accountable to their shareholders. I remember pre-BK, GM had to make a 1 time lump sum pension payout of 60 Billion, and that plummeted their share price.If 1 poster opines that he should get 100K, and another 60K here....first of all, if there are actuaries better than me, what should I get with the numbers provided? <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":-)" title="Smile :-)" loading="lazy" data-shortname=":-)" /></p><p>But, my more telling question, and point: UPS would be on the hook for almost the same amount, at those rates, as GM was. It would not benefit the company, even if it was only a one-time charge, to pay out that kind of cash. UPS should play the numbers and see how many of us die off before our pension kicks in.</p><p>I don't see how it would make good business sense for the company to be throwing all these tremendous amounts to those who are so far away from retirement-like myself and the 33 year old on here, for instance.</p><p>I'll be the first one to say I won't turn it down, if it's more than 10K. But according to some on here, it would be more than that. Point is, how does it behoove the company to go ahead and 'purge' the pensioners at billions upon billions of cost to them when they have quarterly growth, and shareholders, to answer to?</p></blockquote><p></p>
[QUOTE="UPSandy36109, post: 2383853, member: 64378"] I am 46(Friday), half decent at math, and I still can't understand UPS' actuarial formulation. I am 16 years away from their early retirement. I have 5 years in, was pensioned out for medical disability. To be more clear, I would start receiving checks of 225, plus or minus, at 62. The odds are in UPS' favor that-being a single-none with no beneficiary-I could kick the bucket before I get my pension in 16 years. I've seen all kind of estimates, including 1 33 year old where, even after all opinions, would receive around 30K, according to the members of this thread. Let's do the math here: UPS is a publicly traded company, therefore accountable to their shareholders. I remember pre-BK, GM had to make a 1 time lump sum pension payout of 60 Billion, and that plummeted their share price.If 1 poster opines that he should get 100K, and another 60K here....first of all, if there are actuaries better than me, what should I get with the numbers provided? :-) But, my more telling question, and point: UPS would be on the hook for almost the same amount, at those rates, as GM was. It would not benefit the company, even if it was only a one-time charge, to pay out that kind of cash. UPS should play the numbers and see how many of us die off before our pension kicks in. I don't see how it would make good business sense for the company to be throwing all these tremendous amounts to those who are so far away from retirement-like myself and the 33 year old on here, for instance. I'll be the first one to say I won't turn it down, if it's more than 10K. But according to some on here, it would be more than that. Point is, how does it behoove the company to go ahead and 'purge' the pensioners at billions upon billions of cost to them when they have quarterly growth, and shareholders, to answer to? [/QUOTE]
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