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Brown Cafe UPS Forum
UPS Partners
Management Buyout Update?
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<blockquote data-quote="tarnsman" data-source="post: 167232"><p>...My source says that just less than 200 people accepted the offer...The feeling is that one way to move the stock in a positive direction is to restructure the management retirement plan...Looks like management 50 years and over will be offered 30,000 for every year at UPS ...This will go into the individuals annuity & will include medical...The people under 50 will have their pension years frozen and be able to increase their 401k matching up to 6%.......Traditional pensions are going away for management sooner than later........Im curious as to when the Teamsters follow suit....</p></blockquote><p></p>
[QUOTE="tarnsman, post: 167232"] ...My source says that just less than 200 people accepted the offer...The feeling is that one way to move the stock in a positive direction is to restructure the management retirement plan...Looks like management 50 years and over will be offered 30,000 for every year at UPS ...This will go into the individuals annuity & will include medical...The people under 50 will have their pension years frozen and be able to increase their 401k matching up to 6%.......Traditional pensions are going away for management sooner than later........Im curious as to when the Teamsters follow suit.... [/QUOTE]
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Management Buyout Update?
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