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Brown Cafe UPS Forum
UPS Retirement Topics
New Retirement Package
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<blockquote data-quote="MinnesotaZepher" data-source="post: 413338" data-attributes="member: 17976"><p>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...</p></blockquote><p></p>
[QUOTE="MinnesotaZepher, post: 413338, member: 17976"] 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... [/QUOTE]
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