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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="Mugarolla" data-source="post: 1925598" data-attributes="member: 8481"><p>I am not advocating switching to a 401K instead of a defined pension. </p><p></p><p>But if the company, union and employees agreed to it, UPS would be putting in more than 6%.</p><p></p><p>More than likely, it would be the same amount that they are contributing to the pension plan. It would then be up to the employee to make the investment options and take all the risk.</p><p></p><p>Good investment options and a good market would yield more than the defined pension upon retirement.</p><p></p><p>Bad investment options and a bad economy could be devastating.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 1925598, member: 8481"] I am not advocating switching to a 401K instead of a defined pension. But if the company, union and employees agreed to it, UPS would be putting in more than 6%. More than likely, it would be the same amount that they are contributing to the pension plan. It would then be up to the employee to make the investment options and take all the risk. Good investment options and a good market would yield more than the defined pension upon retirement. Bad investment options and a bad economy could be devastating. [/QUOTE]
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UPS doesn't match 401(k) contributions, but...
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