thrift plan

Discussion in 'UPS Discussions' started by keithurban, Jan 22, 2007.

  1. keithurban

    keithurban New Member

    hey gang does anyone have a phone number for the thrift plan i know that they stopped taking money out a while ago but for some reason i have a little bit in and i want to get it out so i need to give them a call but i dont have the phone number. thanks
  2. dragracer66

    dragracer66 Active Member

    Try the number that's on your pay stub. They might point you in the right direction or they might help you.....
  3. Jumperwire

    Jumperwire Parceling the Fla coast

    They were able to help me with a couple of question's I had!!!
  4. keithurban

    keithurban New Member

    dont see a phone number on pay stub all it say is update your infor a
  5. Channahon

    Channahon New Member

    Ask someone in management to get with the district controller, he or she may have or know how to get the number. Do you get any statements that show how much you have left? Maybe there's a number on that form
  6. badpal

    badpal Active Member

    i always wondered what happenned to the guys that stayed in the old thrift plan. Does it still grow every year. wish they had kept it
  7. rushfan

    rushfan Well-Known Member

    I still have I think a couple of bucks in mine. Too little to roll over, not enough to withdraw.
  8. mpeedy

    mpeedy Member

    We can't take any of the money out till we quit or retire. I have 22,000 in it. It grows by about 900 a year for me.
  9. trickpony1

    trickpony1 Well-Known Member

    Is this the "thrift plan" that everyone one was led to believe would be around forever?
    Is this the "thrift plan" that was touted as a "nest egg" for everyone from the lowly PT'er up through the district manager?
    Is this the "thrift plan" that some old-timers in a neighboring state had $150-200 thousand dollars in?
    Is this the "thrift plan" that "our" (there's that word again) company just up and said, "OOPS!, we changed "our" all gotta buy "our" stock with that money now".

    Gosh.......makes me wonder what will happen when the company takes over "our" health, welfare and pension and then, sometime down the road say, "OOPS!, we changed "our" mind. Your benefits are changing to........"

    .........but what could I know, I'm just a dumb truckdriver.........
  10. rod

    rod retired and happy

    Yep! That's the one
  11. HazMatMan

    HazMatMan New Member

    I thought you had to take that money out?? didn't it pay like 90% interest about 8 years ago??
  12. scratch

    scratch Least Best Moderator Staff Member

    We were told we had to take it out at the time of the IPO. I got UPS Stock and some cash, that I put into some Mutual Funds. Back when I was in it, we could put three to six dollars a week in it, but the interest rate hit about 20% at one time. I wish we still had it too, along with private stock.
  13. upsdude

    upsdude Well-Known Member

    Yep, kind of like the Teamsters telling the Central States guys, oops, we changed our mind. Or my good friends in Joint Council 83 raising the deductable to $1,000.00 per person a few years ago. Made it easy for them to not pay ANYTHING towards doctor bills. It took me a few years to recover from that one.

    I'm not trying to beat up on you Trick, I just don't trust either the company or the Teamsters.
  14. old upser

    old upser Guest

  15. ups79

    ups79 Active Member

    Don't know who is pulling your chain. The return was good, but never 90%. Most years it ranged from 17 to 22%
  16. HazMatMan

    HazMatMan New Member

    Nobody is "pulling my chain" but the company, who told me I HAD TO extract the money from the thrift plan!!
  17. ups_vette

    ups_vette New Member

    Seems that Mr Positive (trickpony) is experiencing selective memory again. That's what happens when you drink a pint of whiskey a day, as he stated he does.

    Granted, converting your Thrift Plan monies to UPS stock was ONE of the options available. You also had the option of investing the monies in an IRA, account, 401K savings plan, or take the cash The decision which option to take was the employee's decision.

    The employees who converted their monies to UPS stock increased their worth over 100% when UPS went public, and are happy today with their decision. Judging from Mr Positive's (trickponey) post he made a different decision. Ce La Vie.
  18. HazMatMan

    HazMatMan New Member

    So then, how is it that people still have money in the thrift plan?? how are they still allowed to keep it in there if it no longer exists?? and, how are they still collecting interest??
  19. ups79

    ups79 Active Member

    you could leave the monies in the thrift plan, but the company would no longer add anything to it. You would only earn money from the investment of the original monies. Probably averaging interest at the rate of inflation.
  20. JohnG

    JohnG New Member

    We were lead to believe we had to get out of the Thrift Plan at one point......and most did. However I know a couple of people that stayed in and have done VERY well . Better than the 401.............but I can't complain about the far . I would still advise anyone still in it (Thrift Plan) to stay in til they retire !