Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Rule of 62 True
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Cezanne" data-source="post: 102173" data-attributes="member: 5104"><p>Understand that things are not as rosey for management people now compared to the old timers who required alot of stock before it went public in the 90's. I do believe that the social security reduction in the UPS Retirement Plan was eliminated in the early 90's, could be wrong on that one. The plan was really set up for the high salary management people, can see how the non union adminisrative employees and low level supervisors get the crumbs. Do know that the plan was well run and well over 100 percent vested by now, that is one of the reasons that I do not understand why the Plan is would require it's participants to stay in longer, imagine cost savings in health and welfare considering medicare /medicad kicks in automatically at 65. In my area we went under the company health and welfare system years ago so guessing that your retiree's medical coverage is at 50 dollars a month also.</p></blockquote><p></p>
[QUOTE="Cezanne, post: 102173, member: 5104"] Understand that things are not as rosey for management people now compared to the old timers who required alot of stock before it went public in the 90's. I do believe that the social security reduction in the UPS Retirement Plan was eliminated in the early 90's, could be wrong on that one. The plan was really set up for the high salary management people, can see how the non union adminisrative employees and low level supervisors get the crumbs. Do know that the plan was well run and well over 100 percent vested by now, that is one of the reasons that I do not understand why the Plan is would require it's participants to stay in longer, imagine cost savings in health and welfare considering medicare /medicad kicks in automatically at 65. In my area we went under the company health and welfare system years ago so guessing that your retiree's medical coverage is at 50 dollars a month also. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Rule of 62 True
Top