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Brown Cafe UPS Forum
UPS Partners
Management Buy-out and Pension cut
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<blockquote data-quote="Pension... Cut" data-source="post: 142288"><p>In the next two weeks UPS will announce a buy-out for Corporate and Region management (Division Managers and higher) who are 50 or older. Take the money and run, or be forced to stay until 59 (new retirement age.) Managers < 50 will have their pension cut and be given a one time payout of 20% of their future estimated. Cost-cutting time!</p></blockquote><p></p>
[QUOTE="Pension... Cut, post: 142288"] In the next two weeks UPS will announce a buy-out for Corporate and Region management (Division Managers and higher) who are 50 or older. Take the money and run, or be forced to stay until 59 (new retirement age.) Managers < 50 will have their pension cut and be given a one time payout of 20% of their future estimated. Cost-cutting time! [/QUOTE]
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Management Buy-out and Pension cut
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