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UPS Partners
Management Pension Buyout conversation time, again...
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<blockquote data-quote="Brownwifey" data-source="post: 2927544" data-attributes="member: 51329"><p>Statement is on upsers.com since info has leaked to the news. It says management pension benefits will be frozen Jan 1 2023. No change to anyone before then. </p><p></p><p>Doesn't specify what will happen to folks who won't be 55 by then. No medical?? Seems like ferguson555 had it nailed in post #51. Upsers statement implied they will transition in Jan 2013 to higher 401k match offered currently to younger management with no pension. </p><p></p><p>Guys who will be screwed are in their 40's who haven't contributed enough to 401k. Millenials don't expect pension.</p></blockquote><p></p>
[QUOTE="Brownwifey, post: 2927544, member: 51329"] Statement is on upsers.com since info has leaked to the news. It says management pension benefits will be frozen Jan 1 2023. No change to anyone before then. Doesn't specify what will happen to folks who won't be 55 by then. No medical?? Seems like ferguson555 had it nailed in post #51. Upsers statement implied they will transition in Jan 2013 to higher 401k match offered currently to younger management with no pension. Guys who will be screwed are in their 40's who haven't contributed enough to 401k. Millenials don't expect pension. [/QUOTE]
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Management Pension Buyout conversation time, again...
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