Huge Strike Fund….NOT

rod

Retired 22 years
I think it was converted to stock when the company went public.
We had the option to convert it to stock. Not everyone did. We had a driver who converted his Thrift Plan money (I'm guessing $50,000 into all OPL stock that was later found to be illegal and I believe he lost it all. When you chose to buy stock at first you were sold it in blocks of 3 UPS stocks and one OPL stock. OPL was a scam company ran by UPS that operated "off shore" and involved package insurance money. I THINK that is the way it worked back then. It's been a LONG time ago.
 

Thebrownblob

Well-Known Member
His argument is…..
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UnionStrong

Sorry, but I don’t care anymore.
We had the option to convert it to stock. Not everyone did. We had a driver who converted his Thrift Plan money (I'm guessing $50,000 into all OPL stock that was later found to be illegal and I believe he lost it all. When you chose to buy stock at first you were sold it in blocks of 3 UPS stocks and one OPL stock. OPL was a scam company ran by UPS that operated "off shore" and involved package insurance money. I THINK that is the way it worked back then. It's been a LONG time ago.
Get some rest. Lol
 
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