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UPS Partners
Q2-2019 MIP Status Update
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<blockquote data-quote="Bamboozled" data-source="post: 4171978" data-attributes="member: 46335"><p>To answer your question, I broke out one of my old retirement books. In a nutshell the Grandfathered Alternative Formula is based on your years, your final average compensation and your threshold amount. The keyword is your threshold amount. People born before 1950 have the highest threshold amount, second to people born between 1951-1956, and the rest 1957 and after having the lowest threshold amount. Yes it absolutely appears to be age discrimination. I had a coworker who retired several years ago with less time than me, but he was alot older than me, and he gets hundreds a month more than I will get because he was in a different and better threshold amount because of his birth year.</p></blockquote><p></p>
[QUOTE="Bamboozled, post: 4171978, member: 46335"] To answer your question, I broke out one of my old retirement books. In a nutshell the Grandfathered Alternative Formula is based on your years, your final average compensation and your threshold amount. The keyword is your threshold amount. People born before 1950 have the highest threshold amount, second to people born between 1951-1956, and the rest 1957 and after having the lowest threshold amount. Yes it absolutely appears to be age discrimination. I had a coworker who retired several years ago with less time than me, but he was alot older than me, and he gets hundreds a month more than I will get because he was in a different and better threshold amount because of his birth year. [/QUOTE]
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