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Brown Cafe UPS Forum
UPS Retirement Topics
UPS doesn't match 401(k) contributions, but...
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 1923503" data-attributes="member: 12570"><p>It is more than a rumor.</p><p></p><p>Millenials prefer the flexibility of a 401k. Slowly phasing out the pension would save the company millions in administrative fees.</p><p></p><p>UPS would simply divert the funds that would have gone to the pension directly to the individual 401k; however, there would not be a match.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 1923503, member: 12570"] It is more than a rumor. Millenials prefer the flexibility of a 401k. Slowly phasing out the pension would save the company millions in administrative fees. UPS would simply divert the funds that would have gone to the pension directly to the individual 401k; however, there would not be a match. [/QUOTE]
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UPS doesn't match 401(k) contributions, but...
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