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UPS Partners
Management Pension Buyout conversation time, again...
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<blockquote data-quote="dudebro" data-source="post: 2919075" data-attributes="member: 11234"><p>Let's see how good the rumor mill is. I heard:</p><p></p><p>1) Pension frozen at 55 with no further contribution</p><p>2) Buyout of eligible (55 and over) management (this one always creeps in).</p><p>3) 50-55 no changes, under 50, it's the Pauli scene from Goodfellas. They hand you a few thousand bucks and say, "Now, I gotta turn my back on you". No pension. Be smart and roll it in your 401k, don't buy a Mustang.</p><p>4) No "early" retirement credit to healthcare. You work to 65 and go on Medicaid at that time. Leave before 65 and you're on your own.</p><p></p><p>I know 2 and 4 kind of conflict. But - rumors are worth the paper they're written on...</p></blockquote><p></p>
[QUOTE="dudebro, post: 2919075, member: 11234"] Let's see how good the rumor mill is. I heard: 1) Pension frozen at 55 with no further contribution 2) Buyout of eligible (55 and over) management (this one always creeps in). 3) 50-55 no changes, under 50, it's the Pauli scene from Goodfellas. They hand you a few thousand bucks and say, "Now, I gotta turn my back on you". No pension. Be smart and roll it in your 401k, don't buy a Mustang. 4) No "early" retirement credit to healthcare. You work to 65 and go on Medicaid at that time. Leave before 65 and you're on your own. I know 2 and 4 kind of conflict. But - rumors are worth the paper they're written on... [/QUOTE]
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Management Pension Buyout conversation time, again...
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