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UPS Partners
UPS Management Retirement Pay out next year?
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<blockquote data-quote="bones" data-source="post: 979272" data-attributes="member: 8429"><p>There have been rumors for almost 10 years, I believe it will happen one day, we will go to a defined contribution vs. defined benifit. I think the value may have been put in the total rewards so that when there is a buy out it will be higher than what you see making people think it is a good deal. Many will not look and see that number is still much lower than what you should have had in there. Also, nothing will be said about health care benifits for retirees, you just won't have them and there will be nothing to compensate for that. I believe it was GM that announced last week changes to their salaried workers pensions plan, going from defined benifit to defined contribution. All companies should probably do this as rates of return and life spans are too difficult to calculate with markets and advances in medical treatments. UPS will just use this to reduce management compensation and try to "sell" it as a good thing (remind you of anything?)</p></blockquote><p></p>
[QUOTE="bones, post: 979272, member: 8429"] There have been rumors for almost 10 years, I believe it will happen one day, we will go to a defined contribution vs. defined benifit. I think the value may have been put in the total rewards so that when there is a buy out it will be higher than what you see making people think it is a good deal. Many will not look and see that number is still much lower than what you should have had in there. Also, nothing will be said about health care benifits for retirees, you just won't have them and there will be nothing to compensate for that. I believe it was GM that announced last week changes to their salaried workers pensions plan, going from defined benifit to defined contribution. All companies should probably do this as rates of return and life spans are too difficult to calculate with markets and advances in medical treatments. UPS will just use this to reduce management compensation and try to "sell" it as a good thing (remind you of anything?) [/QUOTE]
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UPS Management Retirement Pay out next year?
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