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<blockquote data-quote="pretzel_man" data-source="post: 785894" data-attributes="member: 927"><p>I have no doubt that the change in stock was to reward those who stay (or punish those who leave). </p><p> </p><p>I do NOT believe that the change to a portable plan was for the reason you gave. Way before that change, Corporate HR began talking about the change in workforce demographics. Way before. There were discussions on the Gen Y workforce and their desires.</p><p> </p><p>If you recall, prior to the change, they did a survey. They asked us all what was most important. </p><p> </p><p>I heard directly from Allen Hill in a presentation on this. He said that the results showed distinct differences in desires of the generations. </p><p> </p><p>Old timers like me wanted everything left alone. New employees wanted to control their own pension. Most other companies do this and it was seen as a necessary move.</p><p> </p><p>Are there other benefits to UPS? I don't know. It certainly benefits an employee who is not staying with UPS their whole career. </p><p> </p><p>It seems to me that if people were leaving anyway, UPS would be better off not making the plan portable. The company would owe less? (I would think)</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 785894, member: 927"] I have no doubt that the change in stock was to reward those who stay (or punish those who leave). I do NOT believe that the change to a portable plan was for the reason you gave. Way before that change, Corporate HR began talking about the change in workforce demographics. Way before. There were discussions on the Gen Y workforce and their desires. If you recall, prior to the change, they did a survey. They asked us all what was most important. I heard directly from Allen Hill in a presentation on this. He said that the results showed distinct differences in desires of the generations. Old timers like me wanted everything left alone. New employees wanted to control their own pension. Most other companies do this and it was seen as a necessary move. Are there other benefits to UPS? I don't know. It certainly benefits an employee who is not staying with UPS their whole career. It seems to me that if people were leaving anyway, UPS would be better off not making the plan portable. The company would owe less? (I would think) [/QUOTE]
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