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UPS Discussions
Huge Strike Fund….NOT
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<blockquote data-quote="rod" data-source="post: 5630225" data-attributes="member: 5382"><p>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.</p></blockquote><p></p>
[QUOTE="rod, post: 5630225, member: 5382"] 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. [/QUOTE]
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