Merit Increase Rumor

[ifreak]

Even before the Coronavirus pandemic I heard that in addition to the low MIP factor, there would be no merit increases this year. Anyone hear anything about that?

 

[UPSER1987]

I haven’t heard that, but seems like a great motivational strategy.

 

[Dragon]

I received my merit increase on Friday, pleasantly surprised I might add.

 

[Anonymous 115]

I received one. Percentage was slightly less than last year. Then again, I'm at the "top of my range" as I have been told for many years.

 

[ifreak]

ok yes got mine as well today. Low, but I will take it.

 

[PASinterference]

ok yes got mine as well today. Low, but I will take it.

But, but, but, Dragon was pleasantly surprised. Lol.

 

[Dragon]

But, but, but, Dragon was pleasantly surprised. Lol.

not sure what the issue is...but as usual its gotta be an issue...I will be so glad when I leave this company.

 

[What'dyabringmetoday???]

I received my merit increase on Friday, pleasantly surprised I might add.

You probably deserved it.

 

[Maple Grove MN Driver]

not sure what the issue is...but as usual its gotta be an issue...I will be so glad when I leave this company.

The company will be too

 

[RolloTony Brown Town]

But, but, but, Dragon was pleasantly surprised. Lol.

There’s a dispatch supervisor I work with that said he was pleasantly surprised with his merit also.

 

[Covemastah]

Merit ??? None of you guys have any merit !!! Lol. Lol. Lol. .

 

[Dragon]

The company will be too

Good One!

 

[UnconTROLLed]

Anyone else think "Merit increases" were more smoke breaks from the increasing stress

 

[Karma...]

if you are not getting inflation you are getting a decrease in pay

 

[BROWN skid Mark]

They funded this years raise with the MIP money they stole. New trick this year...if you are over 110 percent of your job grades pay range you only get 2% max. To add to the screw this money is provided as a monthly bonus not added to your base (no more compounding for you) . Over time no one will earn more than 110 of your pay grade. Now calculate how this tricky math impacts your pension ...especially if you have 5-8 years left! With this new language an "acceptable" pay rating gets you the max 2% raise...no need to work toward "strong or exceptional performer" anymore. This change is going to leave a mark on those over 40....

 

[DELACROIX]

Last time I checked management's retirement benefits is based on your last best five years over a ten year period paid at 50% of your base salary.

Are the MIP, RSU or Merit bonuses also included with that 50% on your final retirement benefits?

Let us say a two unit manager retires today with 30 years and clears 130,000 on average in their last 5 years, how much would they clear on a annually basis, including the addition perks?

 

[DELACROIX]

Crickets...I hear Crickets...

 

[CHEMA-DELMA]

I drove LTL and truckloads in New England for 10 years, then went to UPS as a package car drive for about 18 months, I took the "tie" and became a Feeder Trainer, we used to get the same % increase as the union did then all of a sudden that stopped. The raise discussion was never a pleasant one, Always less than I expected. Can't complain about UPS , I had 30 years never missed a paycheck, got out at 57. Not enjoying a modest pension.

 

[DELACROIX]

If you could can you define "a modest pension"?

 

[UpstateNYUPSer(Ret)]

If you could can you define "a modest pension"?

$2k/month or less.