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UPS Partners
Management Pension Buyout conversation time, again...
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<blockquote data-quote="Brownwifey" data-source="post: 2929224" data-attributes="member: 51329"><p>Should have restated above that management will continue to accrue pension benefits thru 12/31/2022. None of those benefits will be lost, just no more accrual and switch entirely to 401k plan with higher ups contribution. Healthcare credits remain unchanged. </p><p>So if you are 50 or over, not a lot of damage.</p><p>Also, it doesn't mean you have to retire before 2023. Just that your pension will be frozen. I think there has been some confusion</p><p>Still not a warm hug from ups</p></blockquote><p></p>
[QUOTE="Brownwifey, post: 2929224, member: 51329"] Should have restated above that management will continue to accrue pension benefits thru 12/31/2022. None of those benefits will be lost, just no more accrual and switch entirely to 401k plan with higher ups contribution. Healthcare credits remain unchanged. So if you are 50 or over, not a lot of damage. Also, it doesn't mean you have to retire before 2023. Just that your pension will be frozen. I think there has been some confusion Still not a warm hug from ups [/QUOTE]
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