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UPS Partners
Consolidation Rumors - On Topic
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<blockquote data-quote="vexheadroom" data-source="post: 3339889" data-attributes="member: 70924"><p>I was impressed to see them add $5B to the pension plans. Granted, they got a tax break doing so "now" (actually in the end of 2017), instead of just kicking the can down the road. But it seems they've decided to keep the defined-plan pensions well funded. Presumably they will continue to offer devalued lump-sum payouts to recent retirees, as it's cheaper for the company than carrying the pension obligation,. It's generally a "bad deal" for the "average" retiree, but it can be a blessing for those with serious health issues, or other dire situations.</p><p></p><p>Was also impressed to see them give wall street the finger, and do the right thing by investing the money from the new tax plan, instead of pandering to wall street by paying out the extra profit as dividends. Starting to feel like the UPS of old, before the bean counters were running things. Sure, the stock price tanked, but the only reason it popped up to $134 to begin with was pure speculation by wall street that there would be a juicy payout coming.</p></blockquote><p></p>
[QUOTE="vexheadroom, post: 3339889, member: 70924"] I was impressed to see them add $5B to the pension plans. Granted, they got a tax break doing so "now" (actually in the end of 2017), instead of just kicking the can down the road. But it seems they've decided to keep the defined-plan pensions well funded. Presumably they will continue to offer devalued lump-sum payouts to recent retirees, as it's cheaper for the company than carrying the pension obligation,. It's generally a "bad deal" for the "average" retiree, but it can be a blessing for those with serious health issues, or other dire situations. Was also impressed to see them give wall street the finger, and do the right thing by investing the money from the new tax plan, instead of pandering to wall street by paying out the extra profit as dividends. Starting to feel like the UPS of old, before the bean counters were running things. Sure, the stock price tanked, but the only reason it popped up to $134 to begin with was pure speculation by wall street that there would be a juicy payout coming. [/QUOTE]
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