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Management Pensions
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<blockquote data-quote="QuestionsOnly" data-source="post: 1109085" data-attributes="member: 46638"><p>Hoaxster - You seem to be the reputable one to pose this question to.... I've been with UPS for approximately 20 years and have been FT non-union for most of that. On the "Total Rewards Portal" my pension shows a value (as of 2011 not updated) of approximately $25,000. However, if I retired in 10 years with 30 years of service I'd be getting over $4,000/mo or $48,000 a year. The "value" they put on this seems exceedingly low considering my 20 years. Can UPS just buy these pensions out? These last few years....this is the primary reason I've stayed with UPS..(pension) If they offered $25k...it seems a paltry sum compared to $48k a year for the next 30 years of retirement etc...... it doesn't make much sense to me. Any insight? Much appreciated. Thanks.</p></blockquote><p></p>
[QUOTE="QuestionsOnly, post: 1109085, member: 46638"] Hoaxster - You seem to be the reputable one to pose this question to.... I've been with UPS for approximately 20 years and have been FT non-union for most of that. On the "Total Rewards Portal" my pension shows a value (as of 2011 not updated) of approximately $25,000. However, if I retired in 10 years with 30 years of service I'd be getting over $4,000/mo or $48,000 a year. The "value" they put on this seems exceedingly low considering my 20 years. Can UPS just buy these pensions out? These last few years....this is the primary reason I've stayed with UPS..(pension) If they offered $25k...it seems a paltry sum compared to $48k a year for the next 30 years of retirement etc...... it doesn't make much sense to me. Any insight? Much appreciated. Thanks. [/QUOTE]
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