Discussion in 'The Archives' started by insider, May 14, 2003.
rumor mill. meeting this week regarding buyout.
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
Oops ..forgot the old standby...
Fake some numbers - pretty much any kind will do.
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.
OOOOOOOOOOOO, why not try pumping the gas on site into your personal vehicle.
"3. Romance an employee "
Otherwise known as "Fishing off the Company Dock!"
at P71 and More luck
One exception, if you 'romance' the District Manager be sure not to kiss his ass, then you'll get promoted instead of retired...
Now you tell me!!!!!
After the 1995 debacle, I don't see UPS doing any type of early retirement or buyout again.
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!!
I wouldn't be surprised to see the 57 age come in for the newer management folks. Keep in mind the young folks have one thing we didn't have our entire careers. The 401 K. In todays world a new sup with the 401 K and his MIP can still do very well by the time he/she retires.
Don't forget that we had the "Thrift" Plan!!! $6 a week---I know that it is not the same as a 401 K or being able to purchase UPS Shares at a discouted rate-----the times have definitely changed.
I have not heard anything about an offer for awhile------rather strange that FedX has just announced an ERO!!!
UPS always says we 'meet or beat the competition'...maybe we should outdo them here also! 80 and out!