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Brown Cafe UPS Forum
UPS Partners
Consolidation Rumors - On Topic
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<blockquote data-quote="vexheadroom" data-source="post: 3338350" data-attributes="member: 70924"><p>Prediction: "Buyout" offer will be for those currently eligible to retire and are in eligible pension program. Lump-sum payout will be offered if one retires. Discount (the amount they will undervalue the payout amount) will be 5%.</p><p></p><p>New IRS tables go into effect in 2018 that require companies (like UPS) to use new "longevity" estimates when calculating pension obligations. The new IRS tables account for longer average lifespan, and result in a higher pension obligation (on paper only; the actual future payout really doesn't change). It is less expensive for companies to offer slightly undervalued buyouts than it is to add the funding to the pension plans.</p></blockquote><p></p>
[QUOTE="vexheadroom, post: 3338350, member: 70924"] Prediction: "Buyout" offer will be for those currently eligible to retire and are in eligible pension program. Lump-sum payout will be offered if one retires. Discount (the amount they will undervalue the payout amount) will be 5%. New IRS tables go into effect in 2018 that require companies (like UPS) to use new "longevity" estimates when calculating pension obligations. The new IRS tables account for longer average lifespan, and result in a higher pension obligation (on paper only; the actual future payout really doesn't change). It is less expensive for companies to offer slightly undervalued buyouts than it is to add the funding to the pension plans. [/QUOTE]
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