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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: 169209" data-attributes="member: 6988"><p>If you leave before you're 55 you get 40% of your retirement benefits and no medical. I don't have any inside info on any pension plan changes. But defined benefit plans are all dead men walking IMHO. They're too much of an unpredictable liability for companies to keep them. And UPS has already demonstrated that it's more than willing to screw current managers, especially grades 19 and below, for any available short term bottom line gains. BTW, what IBM did resulted in a class action suit against them by the people who got screwed. I imagine the same will happen at UPS. The "partnership" is but a distant memory both from a financial perspective and from a teamwork perspective.</p></blockquote><p></p>
[QUOTE="constructively dissatisfi, post: 169209, member: 6988"] If you leave before you're 55 you get 40% of your retirement benefits and no medical. I don't have any inside info on any pension plan changes. But defined benefit plans are all dead men walking IMHO. They're too much of an unpredictable liability for companies to keep them. And UPS has already demonstrated that it's more than willing to screw current managers, especially grades 19 and below, for any available short term bottom line gains. BTW, what IBM did resulted in a class action suit against them by the people who got screwed. I imagine the same will happen at UPS. The "partnership" is but a distant memory both from a financial perspective and from a teamwork perspective. [/QUOTE]
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