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UPS Discussions
UPS going private again.....
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<blockquote data-quote="upsdawg" data-source="post: 175289" data-attributes="member: 2020"><p>UPS reverting back to a privitely held company??? Why------------well it would make great sense if at the same time the Teamsters Pension plans were frozen and everything went to a 401k company match---especially right before contract time.</p><p></p><p>It would get a huge buy in from management and hourly alike---get rid of the Teamster control of the pension plans---bail UPS out from having to pay into the multi-employer plans for non-UPSers pensions!!</p><p></p><p>Overnite had a 7% 401k employer match in lieu of a pension------at least one would have control of their future monies( I'm assuming that you would have some options as to how to invest---SP500---Midcaps--2035 Horizon Funds?)</p></blockquote><p></p>
[QUOTE="upsdawg, post: 175289, member: 2020"] UPS reverting back to a privitely held company??? Why------------well it would make great sense if at the same time the Teamsters Pension plans were frozen and everything went to a 401k company match---especially right before contract time. It would get a huge buy in from management and hourly alike---get rid of the Teamster control of the pension plans---bail UPS out from having to pay into the multi-employer plans for non-UPSers pensions!! Overnite had a 7% 401k employer match in lieu of a pension------at least one would have control of their future monies( I'm assuming that you would have some options as to how to invest---SP500---Midcaps--2035 Horizon Funds?) [/QUOTE]
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UPS going private again.....
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