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Brown Cafe UPS Forum
UPS Partners
Management Pension Buyout
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<blockquote data-quote="VacationIsCancelled" data-source="post: 4060841" data-attributes="member: 76881"><p>There are a whole bunch of management folks in the 50-54.999999 years old range with 30+ years of service and pension credit. To "buyout" and cover the average monthly pension AND healthcare benefit a person would receive over the next 25 to 30 years of life, and figuring 4-5% interest over that time, UPS would have to pay each person like that something close to 1.5M net in today's dollars to truly "buyout". That ain't the way UPS operates.</p></blockquote><p></p>
[QUOTE="VacationIsCancelled, post: 4060841, member: 76881"] There are a whole bunch of management folks in the 50-54.999999 years old range with 30+ years of service and pension credit. To "buyout" and cover the average monthly pension AND healthcare benefit a person would receive over the next 25 to 30 years of life, and figuring 4-5% interest over that time, UPS would have to pay each person like that something close to 1.5M net in today's dollars to truly "buyout". That ain't the way UPS operates. [/QUOTE]
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