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Life After Brown
UPS buying out former employees pensions?
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<blockquote data-quote="Catatonic" data-source="post: 2364916" data-attributes="member: 7966"><p>It is going to be low-ball because interest rates come into play so much in actuarial calculations.</p><p>I helped my sister in 2006 when rates were high and she did well.</p><p>UPS offered a buyout in 2007 for management and it was really weak ... about 40% of what it would take to buy an annuity to replace the pension monthly payments and the payout was all taxable in one year.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 2364916, member: 7966"] It is going to be low-ball because interest rates come into play so much in actuarial calculations. I helped my sister in 2006 when rates were high and she did well. UPS offered a buyout in 2007 for management and it was really weak ... about 40% of what it would take to buy an annuity to replace the pension monthly payments and the payout was all taxable in one year. [/QUOTE]
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UPS buying out former employees pensions?
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