December 2019 part time lump sum payment

Discussion in 'UPS Discussions' started by Kendallp06, Dec 19, 2019.

  1. Kendallp06

    Kendallp06 New Member

    Has anyone gotten there lump sum payment for part time pension buyout.. I choose the lump sum.. thanks
  2. trickpony1

    trickpony1 Well-Known Member

    Does anyone know why the company is suddenly offering a PT pension buyout?

    I could guess but I'm probably wrong.
  3. To get people off if the books who are no longer employed here.
  4. trickpony1

    trickpony1 Well-Known Member

    Then how do you explain the UPS/IBT FT pension?
    I'm not very smart.
  5. In many places such as where I work at
    The part time pension is through the company and not the Teamsters.

    I will get two checks when I retire.
  6. Indecisi0n

    Indecisi0n Well-Known Member

    I did
  7. trickpony1

    trickpony1 Well-Known Member

    I'm acquainted with this.
    You missed the point but that's ok.
  8. UpstateNYUPSer

    UpstateNYUPSer Well-Known Member

    The pension laws changed and UPS is shedding as much liability as possible.
  9. Johney

    Johney Well-Known Member

    Shedding as much debt to make it more desirable for Amazon to buy UPS instead of FedEx.