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Brown Cafe UPS Forum
UPS Retirement Topics
Thrift plan,QDRO,retirement
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<blockquote data-quote="Catatonic" data-source="post: 1608685" data-attributes="member: 7966"><p>This post from Motley Fool forum in 2006 supports your assertion:</p><p><a href="http://boards.fool.com/the-thrift-plan-11445304.aspx" target="_blank">http://boards.fool.com/the-thrift-plan-11445304.aspx</a></p><p></p><p>As an hourly employee (23 years) the Thrift Plan was one way to participate in company profitability before stock ownership was offered directly to hourly workers. The 1996 window of opportunity program found 80,000 people leave the plan, but there are still a significant number of UPS people still participating in the thrift plan. 1996 withdraw from the thrift plan was cash and 35 - 40 % UPS stock. Many previous postings refer to the former Thrift Plan as if it was not a good place to put $6.00 a week, forgetting average returns of 16% yearly.</p><p>If the Thrift Plan holdings of UPS stock is still 40%, the future earnings should also reflect the IPO windfall. Any input or speculation on the effect the ipo will have on the UPS Thrift Plan.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 1608685, member: 7966"] This post from Motley Fool forum in 2006 supports your assertion: [URL]http://boards.fool.com/the-thrift-plan-11445304.aspx[/URL] As an hourly employee (23 years) the Thrift Plan was one way to participate in company profitability before stock ownership was offered directly to hourly workers. The 1996 window of opportunity program found 80,000 people leave the plan, but there are still a significant number of UPS people still participating in the thrift plan. 1996 withdraw from the thrift plan was cash and 35 - 40 % UPS stock. Many previous postings refer to the former Thrift Plan as if it was not a good place to put $6.00 a week, forgetting average returns of 16% yearly. If the Thrift Plan holdings of UPS stock is still 40%, the future earnings should also reflect the IPO windfall. Any input or speculation on the effect the ipo will have on the UPS Thrift Plan. [/QUOTE]
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