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Rail strike
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<blockquote data-quote="DELACROIX" data-source="post: 5405143" data-attributes="member: 49065"><p>It has been awhile but didn’t they eliminate the “Thrift Plan” prior to the “Stock” going public?</p><p></p><p>The initial 6 dollar a week investment came back to the employees... the interest gained had to be transferred into UPS stock and then went into a 401k subject to an early withdrawal of 30 percent.</p><p></p><p>I heard some people left their money in the Thrift Plan rather then bother with the whole process. I believe that all of the thrift plan growth had to do with UPS’s airplane investments. I think it was a match 6 in and UPS contributed another 6.</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5405143, member: 49065"] It has been awhile but didn’t they eliminate the “Thrift Plan” prior to the “Stock” going public? The initial 6 dollar a week investment came back to the employees... the interest gained had to be transferred into UPS stock and then went into a 401k subject to an early withdrawal of 30 percent. I heard some people left their money in the Thrift Plan rather then bother with the whole process. I believe that all of the thrift plan growth had to do with UPS’s airplane investments. I think it was a match 6 in and UPS contributed another 6. [/QUOTE]
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