Discussion in 'UPS Discussions' started by jdog321123, Mar 7, 2008.

  1. jdog321123

    jdog321123 Guest

    Can anyone tell me if Management gets a pension?
  2. satellitedriver

    satellitedriver Moderator Staff Member

    Yes they do, if they work long enough to earn one.
  3. Cementups

    Cementups Box Monkey

    of course they do
  4. With 30 years at 55, management gets a pension equal to approximately 45-50% of their last 5 years averege wages, not including MIP, under the plan before recent changes.

    New management and management born before 1979 get a 401K style pension equl to about half of the prior plan, or approximately 25% of thier final wages.
  5. pretzel_man

    pretzel_man Well-Known Member

    While I havn't done the math, I don't think you're accurate about the new plan.

    If you've done those calculations, I'd be interested in seeing your analysis and your assumptions. For instance, what did you assume as a growth rate?

    Also, since its portable and owned by the employee, how did you account for that? I would think that in many ways, that would make the new plan very attractive?