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UPS Partners
Management Pension Buyout conversation time, again...
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<blockquote data-quote="Brownwifey" data-source="post: 2928891" data-attributes="member: 51329"><p>I agree with MB completely. We are all responsible for our own financial health. I'm sorry that pointing out that fact hurts some feelings. Sounds like when my son told me I hurt his feelings for pointing out the reason he got an friend was not turning in his homework.</p><p>Kill me now! </p><p>As for UPS, more details have been reported by WSJ this morning. In 2023 UPS will contribute 5-8% in your 401k based on seniority and offer "transition benefit" of 50% match up to 6% of employee contribution. (Effectively 3%). Sooooo, Snowflakes will get up to 11% PLUS their own 401k contributions.</p><p>Notable, the article pointed out that now future obligations are closed, UPS will be free to offer lump sum payouts or offload the pension system to a third party insurer. (Hint: GM did this)</p></blockquote><p></p>
[QUOTE="Brownwifey, post: 2928891, member: 51329"] I agree with MB completely. We are all responsible for our own financial health. I'm sorry that pointing out that fact hurts some feelings. Sounds like when my son told me I hurt his feelings for pointing out the reason he got an friend was not turning in his homework. Kill me now! As for UPS, more details have been reported by WSJ this morning. In 2023 UPS will contribute 5-8% in your 401k based on seniority and offer "transition benefit" of 50% match up to 6% of employee contribution. (Effectively 3%). Sooooo, Snowflakes will get up to 11% PLUS their own 401k contributions. Notable, the article pointed out that now future obligations are closed, UPS will be free to offer lump sum payouts or offload the pension system to a third party insurer. (Hint: GM did this) [/QUOTE]
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Management Pension Buyout conversation time, again...
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