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Brown Cafe UPS Forum
UPS Partners
Redesigned mip
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<blockquote data-quote="air1" data-source="post: 51837"><p>The largest negative impact will be on those nearing potential retirement. The "deferred" compensation is not available to them for hypo or other use until received. Therefore, many will have to wait an additional 5 years to begin acquiring what they will need in retirement. </p><p> </p><p>I'm sure the planners figured out that there is a large number of UPS management that fit within that category and represented a lot of stock. </p><p> </p><p>I am certain that this was not done for the financial benefit of UPS management. My guess it was to help "defer" the expense of teamster and IPA projected increases over the next 5 years.</p></blockquote><p></p>
[QUOTE="air1, post: 51837"] The largest negative impact will be on those nearing potential retirement. The "deferred" compensation is not available to them for hypo or other use until received. Therefore, many will have to wait an additional 5 years to begin acquiring what they will need in retirement. I'm sure the planners figured out that there is a large number of UPS management that fit within that category and represented a lot of stock. I am certain that this was not done for the financial benefit of UPS management. My guess it was to help "defer" the expense of teamster and IPA projected increases over the next 5 years. [/QUOTE]
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