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UPS Partners
UPS Management Retirement Pay out next year?
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<blockquote data-quote="texan" data-source="post: 979295" data-attributes="member: 38206"><p><strong>Time and things of yesterday are changing for all. </strong></p><p><strong>Military, Government / State, and Corporations pensions are all drawing back.</strong></p><p><strong></strong></p><p><strong><strong>The new trend—frozen pension plans</strong>. Two mainstays of corporate America, General Motors and Bank of America, recently</strong></p><p> <strong>announced they were freezing their pension plans. When a company freezes its pension plan, they generally don't shut</strong></p><p> <strong>it down completely. Instead, they stop contributing for current employees, don't accept new employees into the plan, or both.</strong></p><p> <strong>Members are still able to receive the pension plan benefits they have earned, they just won't accrue additional benefits. </strong></p><p><strong>To make the bitter pill easier to swallow, some companies will increase their 401(k) plan contributions when they </strong></p><p><strong>freeze their pension plans, as was the case for GM and Bank of America.</strong></p><p><strong></strong></p><p><strong><a href="http://money.usnews.com/money/blogs/On-Retirement/2012/03/13/americas-dying-corporate-pension-system" target="_blank">America's Dying Corporate Pension System - On Retirement (usnews.com)</a></strong></p><p><strong></strong></p></blockquote><p></p>
[QUOTE="texan, post: 979295, member: 38206"] [B]Time and things of yesterday are changing for all. Military, Government / State, and Corporations pensions are all drawing back. [B]The new trend—frozen pension plans[/B]. Two mainstays of corporate America, General Motors and Bank of America, recently announced they were freezing their pension plans. When a company freezes its pension plan, they generally don't shut it down completely. Instead, they stop contributing for current employees, don't accept new employees into the plan, or both. Members are still able to receive the pension plan benefits they have earned, they just won't accrue additional benefits. To make the bitter pill easier to swallow, some companies will increase their 401(k) plan contributions when they freeze their pension plans, as was the case for GM and Bank of America. [url=http://money.usnews.com/money/blogs/On-Retirement/2012/03/13/americas-dying-corporate-pension-system]America's Dying Corporate Pension System - On Retirement (usnews.com)[/url] [/B] [/QUOTE]
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