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UPS Partners
Management Enhanced Pension
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<blockquote data-quote="Parcel Dudey" data-source="post: 242068"><p>News from Atlanta infers that due to the ERI Survey Corporate is going to enhance the management plan somwhat...It will take the form of requiring that when a management person retires it has to be during the first quarter......the management person will receive in addition to the regular pension a severence check that is figured at the years of service times the prior years MIP factor giving a months number....so if you have 32 years and the MIP was 2.5 you would get 80 months of pay.......that would be for a lowly supervisor.......the managers and up would be at least 2 times that amount because they are smarter & work harder.......</p></blockquote><p></p>
[QUOTE="Parcel Dudey, post: 242068"] News from Atlanta infers that due to the ERI Survey Corporate is going to enhance the management plan somwhat...It will take the form of requiring that when a management person retires it has to be during the first quarter......the management person will receive in addition to the regular pension a severence check that is figured at the years of service times the prior years MIP factor giving a months number....so if you have 32 years and the MIP was 2.5 you would get 80 months of pay.......that would be for a lowly supervisor.......the managers and up would be at least 2 times that amount because they are smarter & work harder....... [/QUOTE]
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