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UPS Partners
Onroad whining about Teamsters making so much more than he will
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<blockquote data-quote="DELACROIX" data-source="post: 5674915" data-attributes="member: 49065"><p>The UPS Retirement Plan was started in 1961..from what I know those who qualify for a 25 or 30 year pension will get half their base salaries, for example a two unit center manager generally will get an annual salary of 130,000 to 150,000 their final retirement benefit will be <strong>1/2.</strong></p><p></p><p>So you are looking like something like <strong>65,000 or more a year</strong>. Last I heard it is based on their last five years or whatever is higher.</p><p></p><p>I do not know if their <strong>MIP is included </strong>with that pension formula.</p><p></p><p>There has been a lot of changes in that plan but it always favors the higher level partners.</p><p></p><p>Those previous pension credits under those management pension plans are protected by law. They will get those promised pension benefits even if they recently froze any further improvements or vesting time. The Company then gave them substantial raises in order to start their own (matched) 401k’s as a replacement.</p><p></p><p>All a shell game…</p><p></p><p>[USER=561]@Dragon[/USER] will do well… no worries…</p><p></p><p><strong>Signed: an idiot </strong></p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5674915, member: 49065"] The UPS Retirement Plan was started in 1961..from what I know those who qualify for a 25 or 30 year pension will get half their base salaries, for example a two unit center manager generally will get an annual salary of 130,000 to 150,000 their final retirement benefit will be [B]1/2.[/B] So you are looking like something like [B]65,000 or more a year[/B]. Last I heard it is based on their last five years or whatever is higher. I do not know if their [B]MIP is included [/B]with that pension formula. There has been a lot of changes in that plan but it always favors the higher level partners. Those previous pension credits under those management pension plans are protected by law. They will get those promised pension benefits even if they recently froze any further improvements or vesting time. The Company then gave them substantial raises in order to start their own (matched) 401k’s as a replacement. All a shell game… [USER=561]@Dragon[/USER] will do well… no worries… [B]Signed: an idiot [/B] [/QUOTE]
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Onroad whining about Teamsters making so much more than he will
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