Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Partners
MIP 2022
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="DELACROIX" data-source="post: 5177874" data-attributes="member: 49065"><p>Are you suspecting more buy outs or forced retirements before 2023. I expect that Corporate wants to trim their books before they eliminate the funding of the UPS Retirement Plans. The maintaining of these pension trusts has to be increasing with the PBGC (who is in financial distress) raising their insurance rates. I would imagine that they will be replacing these old time management partners with younger participants who will be transferred to the matched 401k saving a ton of money, along with eliminating redundant mid management positions.</p><p></p><p>I could be mistaken on this but I believe that the Unionized Pilot’s pension is under the UPS Retirement Plan also and their contract talks begin in 2023 along with the Teamsters.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5177874, member: 49065"] Are you suspecting more buy outs or forced retirements before 2023. I expect that Corporate wants to trim their books before they eliminate the funding of the UPS Retirement Plans. The maintaining of these pension trusts has to be increasing with the PBGC (who is in financial distress) raising their insurance rates. I would imagine that they will be replacing these old time management partners with younger participants who will be transferred to the matched 401k saving a ton of money, along with eliminating redundant mid management positions. I could be mistaken on this but I believe that the Unionized Pilot’s pension is under the UPS Retirement Plan also and their contract talks begin in 2023 along with the Teamsters. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Partners
MIP 2022
Top