early retirement buyout...what is the latest rumor?

[insider]

rumor mill. meeting this week regarding buyout.

[peacock71]

Its official. The Early Retirement Option is available. Just submit a letter with your resignation. Anyone can do it!

Other paths to ERO:
1. Harass Somebody.
2. Steal something.
3. Romance an employee (of any race, sex, or gender)
4. Just don't show up


Go UPS!
P71

[peacock71]

Oops ..forgot the old standby...

Fake some numbers - pretty much any kind will do.

Go UPS!
P71

[oldupsman]

I've been hearing the exact opposite from my friends in management. They are all scared UPS is going to up the retirement age to 57.

[moreluck]

OOOOOOOOOOOO, why not try pumping the gas on site into your personal vehicle.

[wkmac]

"3. Romance an employee "

Otherwise known as "Fishing off the Company Dock!"

at P71 and More luck

[peacock71]

One exception, if you 'romance' the District Manager be sure not to kiss his ass, then you'll get promoted instead of retired...

Go UPS!
P71

[tieguy]

Now you tell me!!!!!

[proups]

After the 1995 debacle, I don't see UPS doing any type of early retirement or buyout again.

[upsdawg]

I have heard that the age will increase to 57 for retirement and that because of that, anyone who would be effected would be given an early out option---I don't know if that means anyone over 50 would be eligible or if there are some other qualifiers, like >20 years or what the "strings' would be.

If this means that UPS would benefit from a financial tax basis I could see this as being a reality---but I have not heard any rumors to this effect for awhile.

The 95 offer was a learning experience for UPS and I think that we lost some very key people---I wouldn't be surprised to see UPS put some stringent guidelines on the next offer---like no one from BD or IS or????


Only time will tell!!