U
UPGF Lackey
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Just got a letter this week about the UPS non union retirement plan. Glad i been here for a while.(I Think) Did anyone ever hear about his before this letter? What do the employees around the country think? Let's hear it.
Dont relax yet!!! Its only a matter of time before they touch the pensions of people like us who have been around for awhile. When the amount of managment people on the new plan becomes over 50 percent of all managment people, UPS will be allowed to mess with the old pension and change it.(Thats why there is a ? next to my name) The letter was stupid. Its states that the reason for the change is because younger people want a more portable retirement package and that the new package will help attract new managment people. Wouldnt you rather work for a place that had such a great retirement package that you would never consider working anywhere else?Just got a letter this week about the UPS non union retirement plan. Glad i been here for a while.(I Think) Did anyone ever hear about his before this letter? What do the employees around the country think? Let's hear it.
Dont relax yet!!! Its only a matter of time before they touch the pensions of people like us who have been around for awhile. When the amount of managment people on the new plan becomes over 50 percent of all managment people, UPS will be allowed to mess with the old pension and change it.(Thats why there is a ? next to my name) The letter was stupid. Its states that the reason for the change is because younger people want a more portable retirement package and that the new package will help attract new managment people. Wouldnt you rather work for a place that had such a great retirement package that you would never consider working anywhere else?
I am a former employee that was a pt pre-loader for 2 years and in FT management as an IE for 8 years. Who do I speak to about eligibility for pension? My email is [email protected] ..Thanks!
I would start with contacting the HR department in the district you worked inI am a former employee that was a pt pre-loader for 2 years and in FT management as an IE for 8 years. Who do I speak to about eligibility for pension? My email is [email protected] ..Thanks!
So, the new non-union retirement is for people born after 1980 or something. It basically is set up where it is up to an employee to decide what their retirement is going to be. So, its going to be a 401k based retirement. Eventually, individuals under this plan will be able to get up to something like a 6% match on their 401k contributions. Personally, I haven't done the calculations to determine how this is going to work for me in the long haul (comparison to old pension), but I understand why it has to be done, understand that it is the direction that almost all companies are going...