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Brown Cafe UPS Forum
UPS Partners
2021 Buyout?
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<blockquote data-quote="DELACROIX" data-source="post: 4926672" data-attributes="member: 49065"><p>It could be cheaper for the Company to buy out as many vested participants as possible. They have to be expecting much higher PBGC insurance rates with the on going elimination of the nation’s traditional pension plans. Even that agency is in trouble and could default in the future.</p><p></p><p>They still have to account for everybody present and past that have any vested time under the UPS Retirement Plan, if they can reduce any significant amount of participants with several buy outs prior to 2023 it could be a real money saver in the long run. All those individual’s vested years are protected, they will just stop further additional payments to cover the promised benefits.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 4926672, member: 49065"] It could be cheaper for the Company to buy out as many vested participants as possible. They have to be expecting much higher PBGC insurance rates with the on going elimination of the nation’s traditional pension plans. Even that agency is in trouble and could default in the future. They still have to account for everybody present and past that have any vested time under the UPS Retirement Plan, if they can reduce any significant amount of participants with several buy outs prior to 2023 it could be a real money saver in the long run. All those individual’s vested years are protected, they will just stop further additional payments to cover the promised benefits. [/QUOTE]
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2021 Buyout?
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