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Brown Cafe UPS Forum
UPS Retirement Topics
Management Early retirement option coming in January
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<blockquote data-quote="Channahon" data-source="post: 650321" data-attributes="member: 7666"><p>In making holiday phone calls to my UPS friends who are still at UPS, there was an adminstrative early retirement/buyout package recently. They are also hearing rumors of a management buyout in January and a big announcement by UPS. Just guessing, but the big announcement may be the continued consolidation of districts and regions which has been going on since the 90's.</p><p> </p><p>I also know UPS management who are eligible to go at 55, but are opting to stay, because the stock price and financial concerns.</p><p>Everyone's situation is different when it come to a retirement age. But the option to leave at 55 with a reduced benefit has always been there and was the norm, rather than the exception, however, with the economic downturn of the last few years, some are opting to stay longer.</p><p> </p><p>Personally, I was more than ready at 55 and have been enjoying my life after UPS.</p><p> </p><p>Wishing all UPSer's on Brown Cafe, a safe and happy holiday season.</p></blockquote><p></p>
[QUOTE="Channahon, post: 650321, member: 7666"] In making holiday phone calls to my UPS friends who are still at UPS, there was an adminstrative early retirement/buyout package recently. They are also hearing rumors of a management buyout in January and a big announcement by UPS. Just guessing, but the big announcement may be the continued consolidation of districts and regions which has been going on since the 90's. I also know UPS management who are eligible to go at 55, but are opting to stay, because the stock price and financial concerns. Everyone's situation is different when it come to a retirement age. But the option to leave at 55 with a reduced benefit has always been there and was the norm, rather than the exception, however, with the economic downturn of the last few years, some are opting to stay longer. Personally, I was more than ready at 55 and have been enjoying my life after UPS. Wishing all UPSer's on Brown Cafe, a safe and happy holiday season. [/QUOTE]
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Management Early retirement option coming in January
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