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UPS Retirement Topics
Pension Agency Faces a New Front
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<blockquote data-quote="wkmac" data-source="post: 54923"><p>sawman, </p><p>I think the sky may be the limit on what they can do. Instead of cutting 1timepu's retirement of $3800 per month it maybe you and I no longer have dental and or vision coverage or we could see our co-pays go to $40 per visit and the retirement age raised to 70. UPS may start to fight raising the age any higher because none of us want to work that late in life at UPS nor does UPS want that either. The potential nightmare of work comp claims for that old of a workforce is scarey indeed not to mention the fact a 70 year old will take quite a few more steps to the door than a buff 30 something. Efficency is what drives UPS and this slaps that squarely in the face. UPS could push but could you imagine the nightmare of the public seeing UPS push and push 70 year olds who are here just to save their retirement and this explode into a PR nightmare of aged abuse? I know some TV lawyers just watering at the mouth on that thought. 70 year old driver group would require 2 to 3 times the people and vehicles as that of a group made up of 20 to 50 somethings so you know that cost has to be a nightmare to think about. </p><p> </p><p>We and UPS have a lot of common ground in this deal and you can agrue a great retirement package is good to the company's bottomline on a variety of fronts. How do you sell yourself as an employer getting the best people for a physical job in a work world that pays great money for far less physical work and then you tell the potential employee that he/she will have to work at this physical job until they are at or near 70 to get some retirement? </p><p> </p><p>You bet your sweet ass UPS is scratching the chin over that situation and what effect that would have in an every increasing tight market to get the best people. This thing has a ripple effect across the board way beyond just the retirement itself.</p></blockquote><p></p>
[QUOTE="wkmac, post: 54923"] sawman, I think the sky may be the limit on what they can do. Instead of cutting 1timepu's retirement of $3800 per month it maybe you and I no longer have dental and or vision coverage or we could see our co-pays go to $40 per visit and the retirement age raised to 70. UPS may start to fight raising the age any higher because none of us want to work that late in life at UPS nor does UPS want that either. The potential nightmare of work comp claims for that old of a workforce is scarey indeed not to mention the fact a 70 year old will take quite a few more steps to the door than a buff 30 something. Efficency is what drives UPS and this slaps that squarely in the face. UPS could push but could you imagine the nightmare of the public seeing UPS push and push 70 year olds who are here just to save their retirement and this explode into a PR nightmare of aged abuse? I know some TV lawyers just watering at the mouth on that thought. 70 year old driver group would require 2 to 3 times the people and vehicles as that of a group made up of 20 to 50 somethings so you know that cost has to be a nightmare to think about. We and UPS have a lot of common ground in this deal and you can agrue a great retirement package is good to the company's bottomline on a variety of fronts. How do you sell yourself as an employer getting the best people for a physical job in a work world that pays great money for far less physical work and then you tell the potential employee that he/she will have to work at this physical job until they are at or near 70 to get some retirement? You bet your sweet ass UPS is scratching the chin over that situation and what effect that would have in an every increasing tight market to get the best people. This thing has a ripple effect across the board way beyond just the retirement itself. [/QUOTE]
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