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Management Pension Changes Impact (On Topic)
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<blockquote data-quote="APeonInALandOfCorpLackies" data-source="post: 2949859" data-attributes="member: 67558"><p>It's easy for us peons. The hard cap is so low, pretty much anyone in the 10E or 10F realm (I don't include 10G since there's only like 5? of those jobs in all of UPS) is capped by 5 years in (unless they're brand new.) And since we don't get MIP, what we see is what we get.</p><p></p><p>I know a lot of 10E/friend (including myself) that are capped or are so close that 2-3% isn't even realistic.</p><p></p><p>Supervisor+, MIP gets counted in the pension calculation (as well as the "transition" 401k in 5 years.) Us peons (specialist/admin/tech) get far more hosed by it. UPS says, but your OT gets counted! Great, for us to get enough overtime to get anywhere close to MIP, the average peon would have to work a minimum 5 hours of overtime <strong><u>per week</u></strong> for the <strong><u>entire year</u></strong> to even get close to Supervisor MIP. Likely? Heh, not a chance. There would be fire breathing dragons looking to cook people if someone was getting that much OT every single week.</p></blockquote><p></p>
[QUOTE="APeonInALandOfCorpLackies, post: 2949859, member: 67558"] It's easy for us peons. The hard cap is so low, pretty much anyone in the 10E or 10F realm (I don't include 10G since there's only like 5? of those jobs in all of UPS) is capped by 5 years in (unless they're brand new.) And since we don't get MIP, what we see is what we get. I know a lot of 10E/friend (including myself) that are capped or are so close that 2-3% isn't even realistic. Supervisor+, MIP gets counted in the pension calculation (as well as the "transition" 401k in 5 years.) Us peons (specialist/admin/tech) get far more hosed by it. UPS says, but your OT gets counted! Great, for us to get enough overtime to get anywhere close to MIP, the average peon would have to work a minimum 5 hours of overtime [B][U]per week[/U][/B] for the [B][U]entire year[/U][/B] to even get close to Supervisor MIP. Likely? Heh, not a chance. There would be fire breathing dragons looking to cook people if someone was getting that much OT every single week. [/QUOTE]
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