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UPS Partners
January 2008 Promotion / Undisclosed Pension Change
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<blockquote data-quote="Karma..." data-source="post: 4708644" data-attributes="member: 29370"><p>Thats a shame that the defined pension was terminated for those class of people....The way it was explained was that it was due to those nasty employee surveys indicating that the younger people would rather have an enhanced 401k plan in lieu of a defined pension...hard to believe then and impossible to believe now...hindsight is spot on.......I dont know what enhancements were .....the next move would be the modified mip program....consider that supervisors didn't get mip until I believe around 1970.....its an ever-changing public company which started when turning public....I suggest that you talk with some of the older people for the depth of culture when we were actually Brown.........</p></blockquote><p></p>
[QUOTE="Karma..., post: 4708644, member: 29370"] Thats a shame that the defined pension was terminated for those class of people....The way it was explained was that it was due to those nasty employee surveys indicating that the younger people would rather have an enhanced 401k plan in lieu of a defined pension...hard to believe then and impossible to believe now...hindsight is spot on.......I dont know what enhancements were .....the next move would be the modified mip program....consider that supervisors didn't get mip until I believe around 1970.....its an ever-changing public company which started when turning public....I suggest that you talk with some of the older people for the depth of culture when we were actually Brown......... [/QUOTE]
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January 2008 Promotion / Undisclosed Pension Change
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