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Brown Cafe UPS Forum
UPS Partners
Management Buyout Rumors
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<blockquote data-quote="waldo911" data-source="post: 143553" data-attributes="member: 7066"><p>I'm a 34 yr. mgt. vet. The rumor has an annoucement in Jan. 07 on</p><p>changes in UPS benifits. </p><p>One rumor is that all UPS mgt. personnel seniority will be frozen at </p><p>their current years of service and that will never increase regardless of years. Retirement age will increase to 57 for those younger than 50.</p><p>They will increase the 401k donations to 5%, with the company matching 5% for a total of 10%. </p><p>The most current rumor is that UPS will have an early retirement where each person would get a lump sum for years of service and no</p><p>pension.</p></blockquote><p></p>
[QUOTE="waldo911, post: 143553, member: 7066"] I'm a 34 yr. mgt. vet. The rumor has an annoucement in Jan. 07 on changes in UPS benifits. One rumor is that all UPS mgt. personnel seniority will be frozen at their current years of service and that will never increase regardless of years. Retirement age will increase to 57 for those younger than 50. They will increase the 401k donations to 5%, with the company matching 5% for a total of 10%. The most current rumor is that UPS will have an early retirement where each person would get a lump sum for years of service and no pension. [/QUOTE]
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