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UPS Discussions
UPS getting “BAD DEAL” in contract? Lol
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<blockquote data-quote="Red Headed Stranger" data-source="post: 5667516" data-attributes="member: 90351"><p>A company I worked for years ago introduced a 401k for new hires rather than a pension plan. They allowed existing employees to choose whether they wanted to remain in the pension plan up until retirement or convert over to the 401k. Most of the younger generation chose the 401k because they could take the money with them when they left the company and choose their own investment options. I could see UPS trying to push this in years to come with new hires. Unfortunately, most young people see retirement as "so far off into the future" that the likelihood of collecting seems a dream that may not materialize.</p></blockquote><p></p>
[QUOTE="Red Headed Stranger, post: 5667516, member: 90351"] A company I worked for years ago introduced a 401k for new hires rather than a pension plan. They allowed existing employees to choose whether they wanted to remain in the pension plan up until retirement or convert over to the 401k. Most of the younger generation chose the 401k because they could take the money with them when they left the company and choose their own investment options. I could see UPS trying to push this in years to come with new hires. Unfortunately, most young people see retirement as "so far off into the future" that the likelihood of collecting seems a dream that may not materialize. [/QUOTE]
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UPS getting “BAD DEAL” in contract? Lol
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