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
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="HOWNOWBROWNCOW" data-source="post: 257186" data-attributes="member: 8103"><p>Pretzel-Man,</p><p></p><p>I may be mistaken, but I believe that there is a 60% floor on the LTIP award. So even if you are correct about it tracking "close to zero", they still should get 60% of the "Targeted Award". Not quite the same as having the MIP used as a "slush fund" to meet quarterly numbers and actually pay for the LTIP. The MIP in actuality has nothing to do with the elements, it is what they call in accounting "a plug number".</p><p></p><p>Also, not only was the MIP Award once a flat 15% of profit for the year, the additional incentive of up to one month pay was also in addition to that original 15%. </p><p></p><p>One more thing to consider is this continual erosion of the MIP is going to have a negative impact on the retirement plan payout as it is based on the high five of the last ten years.</p></blockquote><p></p>
[QUOTE="HOWNOWBROWNCOW, post: 257186, member: 8103"] Pretzel-Man, I may be mistaken, but I believe that there is a 60% floor on the LTIP award. So even if you are correct about it tracking "close to zero", they still should get 60% of the "Targeted Award". Not quite the same as having the MIP used as a "slush fund" to meet quarterly numbers and actually pay for the LTIP. The MIP in actuality has nothing to do with the elements, it is what they call in accounting "a plug number". Also, not only was the MIP Award once a flat 15% of profit for the year, the additional incentive of up to one month pay was also in addition to that original 15%. One more thing to consider is this continual erosion of the MIP is going to have a negative impact on the retirement plan payout as it is based on the high five of the last ten years. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Partners
mip
Top