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Brown Cafe UPS Forum
UPS Partners
Management Buyout Update?
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<blockquote data-quote="Channahon" data-source="post: 169202" data-attributes="member: 7666"><p>As the retirement plan is now , if you leave before 55, you get your retirement pay, but not health benefits. Your information has been going around for a couple of years. </p><p> </p><p>Not saying it won't happen, as some large corporations ( I think IBM was one) got rid of the traditional pension plan and turned the monies over to the employees. No administrative costs, and allowing the employee to invest as they choose. Bad deal, not so sure.</p></blockquote><p></p>
[QUOTE="Channahon, post: 169202, member: 7666"] As the retirement plan is now , if you leave before 55, you get your retirement pay, but not health benefits. Your information has been going around for a couple of years. Not saying it won't happen, as some large corporations ( I think IBM was one) got rid of the traditional pension plan and turned the monies over to the employees. No administrative costs, and allowing the employee to invest as they choose. Bad deal, not so sure. [/QUOTE]
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