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Brown Cafe UPS Forum
UPS Partners
Management Buyout Update?
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<blockquote data-quote="constructively dissatisfi" data-source="post: 169166" data-attributes="member: 6988"><p>I think some kind of pension buyout is very likely. Hard to tell when though. But I doubt it will be an early retirement offer, just a way to terminate the defined benefit pension plan. But it's likely to be structured so you'll get screwed it you leave before retirement age. Make no mistake, they want you to leave before retirement age. They just want to keep a big chunk of the money you've earned when you do. Just like the new "improved" MIP. MIP used to be a bonus. They turned it into a way to bone us. Rest assured, the new "improved" retirement plan will be more of the same. <img src="/community/styles/default/xenforo/smilies/wink.png" class="smilie" loading="lazy" alt=";)" title="Wink ;)" data-shortname=";)" /></p></blockquote><p></p>
[QUOTE="constructively dissatisfi, post: 169166, member: 6988"] I think some kind of pension buyout is very likely. Hard to tell when though. But I doubt it will be an early retirement offer, just a way to terminate the defined benefit pension plan. But it's likely to be structured so you'll get screwed it you leave before retirement age. Make no mistake, they want you to leave before retirement age. They just want to keep a big chunk of the money you've earned when you do. Just like the new "improved" MIP. MIP used to be a bonus. They turned it into a way to bone us. Rest assured, the new "improved" retirement plan will be more of the same. ;) [/QUOTE]
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