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Brown Cafe UPS Forum
UPS Partners
Youngsters Retirement
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<blockquote data-quote="Karma..." data-source="post: 786283" data-attributes="member: 29370"><p>The mip was always seen as ones main part of the pension to the extent one could not easily sell prior to a tense talk with ones district manager ( with corresponding consequences).....the understanding that since the amount of the defined pension was low one was expected ( if one was a good partner) to not sell until one year past retirement and then 10% per year.....doing that and coupled with the rise in stock price one would essentially have as the last payment the original amount at retirement.....add up the annual defined pension amount, 10% sell back and the dividends and that equalled an excellent retirement.....i wont even mention the opl fiasco with the refunded fines going to the teamsters contract.......the differentiated days where ups was certainly held in the highest esteem are gone for good.........the tone now is " not my job" and " you get what you pay for".......the days of private ups when once one was lucky enough to be made full time management you were expect to and you committed yourself to retire from ups was the glue that held us together due to continuity, culture and committments.......public ups seems to want a revolving door of lower management and partnership starts at the division level.....the uneven handling and appication of the great transformation of 2010 was a case in point...what other enhancements can one expect down the line starting in 2011 ?</p></blockquote><p></p>
[QUOTE="Karma..., post: 786283, member: 29370"] The mip was always seen as ones main part of the pension to the extent one could not easily sell prior to a tense talk with ones district manager ( with corresponding consequences).....the understanding that since the amount of the defined pension was low one was expected ( if one was a good partner) to not sell until one year past retirement and then 10% per year.....doing that and coupled with the rise in stock price one would essentially have as the last payment the original amount at retirement.....add up the annual defined pension amount, 10% sell back and the dividends and that equalled an excellent retirement.....i wont even mention the opl fiasco with the refunded fines going to the teamsters contract.......the differentiated days where ups was certainly held in the highest esteem are gone for good.........the tone now is " not my job" and " you get what you pay for".......the days of private ups when once one was lucky enough to be made full time management you were expect to and you committed yourself to retire from ups was the glue that held us together due to continuity, culture and committments.......public ups seems to want a revolving door of lower management and partnership starts at the division level.....the uneven handling and appication of the great transformation of 2010 was a case in point...what other enhancements can one expect down the line starting in 2011 ? [/QUOTE]
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