There has been some rumors from the Corporate Finance group that there are plans for UPS to buy out the retirement of management that has not retired in 2013. Several of the oldtimers are extremely worried because the value that UPS has in their Total Rewards is less than 1/3 of the amount of cash it would take to buy an annuity to replace their monthly pension payments. The two I heard talking about this turn 55 in 2013 and early 2014. My buyout would be a joke. These two guys said that just about all retirement funding is once a person turns 50. I have never thought about this or looked into this before. I have not heard anything about the Health Plan for retirees. Has anyone else heard anything about this?