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Brown Cafe UPS Forum
UPS Union Issues
The New Contract And Future Pension Contributions: Are We Ok. Or Are We Robbing Peter To Pay Paul?
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<blockquote data-quote="Wally" data-source="post: 5898947" data-attributes="member: 46212"><p>Yep. </p><p></p><p>Would you want a 50 year old employee hanging around 5 more years with plenty of vacation, or a young runner-gunner who will burn it up?</p><p></p><p>No brainer for management.</p><p></p><p>I'm not sure who's idea this was to add the enhanced option to the Central Plan, but it was a wise one. Tough Guy gets credit?</p><p></p><p>Bunch of Teamsters adding the extra 5 years of service, earning them the much larger pension payout, definitely improves the health of the pension. More plans should offer this option to improve the bottom line.</p></blockquote><p></p>
[QUOTE="Wally, post: 5898947, member: 46212"] Yep. Would you want a 50 year old employee hanging around 5 more years with plenty of vacation, or a young runner-gunner who will burn it up? No brainer for management. I'm not sure who's idea this was to add the enhanced option to the Central Plan, but it was a wise one. Tough Guy gets credit? Bunch of Teamsters adding the extra 5 years of service, earning them the much larger pension payout, definitely improves the health of the pension. More plans should offer this option to improve the bottom line. [/QUOTE]
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The New Contract And Future Pension Contributions: Are We Ok. Or Are We Robbing Peter To Pay Paul?
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