UPS to Offer Employees a Way to Save for Emergencies

[cheryl]

UPS to Offer Employees a Way to Save for Emergencies - Wall Street Journal

Shipping giant joins other companies offering rainy day funds in 401(k) plans

United Parcel Service Inc. is expected to announce Thursday a plan to offer nearly 100,000 of its workers a way to save for emergencies within its 401(k) plan, becoming one of the largest U.S. employers to join a trend that reflects concern over the impact of workers’ financial problems on their ability to retire.

The program gives UPS employees the option to divert a portion of their paychecks into rainy-day funds within their 401(k) plans.

In recent years, a growing number of employers have grown concerned that if employees are unable to cover unexpected expenses, they may resort to raiding their retirement savings early, said Timothy Flacke, executive director of Commonwealth, a nonprofit that builds tools to help low-income workers save.

 

[IVE GOTTA PACKAGE 4U]

UPS to Offer Employees a Way to Save for Emergencies - Wall Street Journal

Shipping giant joins other companies offering rainy day funds in 401(k) plans

United Parcel Service Inc. is expected to announce Thursday a plan to offer nearly 100,000 of its workers a way to save for emergencies within its 401(k) plan, becoming one of the largest U.S. employers to join a trend that reflects concern over the impact of workers’ financial problems on their ability to retire.

The program gives UPS employees the option to divert a portion of their paychecks into rainy-day funds within their 401(k) plans.

In recent years, a growing number of employers have grown concerned that if employees are unable to cover unexpected expenses, they may resort to raiding their retirement savings early, said Timothy Flacke, executive director of Commonwealth, a nonprofit that builds tools to help low-income workers save.

About time they do something like that

 

[trickpony1]

If the dumb employees aren't doing it now what makes anyone think they will take advantage of this?
Some employees are living "paycheck to paycheck" now.

Hope this helps.

 

[IVE GOTTA PACKAGE 4U]

If the dumb employees aren't doing it now what makes anyone think they will take advantage of this?
Some employees are living "paycheck to paycheck" now.

Hope this helps.

well the new millennial drivers we have now will eventually have to move out of their parents basement....

 

[rod]

well the new millennial drivers we have now will eventually have to move out of their parents basement....

Says who?

 

[IVE GOTTA PACKAGE 4U]

Says who?

You should see the new crew of people we have.
Lord have mercy on UPS in another decade

 

[rod]

You should see the new crew of people we have.
Lord have mercy on UPS in another decade

I can just imagine. Glad I retired when I did.

 

[IVE GOTTA PACKAGE 4U]

I can just imagine. Glad I retired when I did.

I think my center manager appreciates us older guys a little bit more now after seeing what it has to deal with some of his stupid crap that these newbies do.

 

[rod]

I think my center manager appreciates us older guys a little bit more now after seeing what it has to deal with some of his stupid crap that these newbies do.

Don't fall for that trap.

 

[IVE GOTTA PACKAGE 4U]

Don't fall for that trap.

What I'm trying to say is he hasn't bothered any have a senior drivers because he has his hands more than full with all his stupid crap these newbies are doing

I've had the easiest week I've had all year
I'll take it while I can get it

 

[DriverNerd]

Says who?

Eventually the parents will die, then they'll move upstairs.

 

[DriverNerd]

What I'm trying to say is he hasn't bothered any have a senior drivers because he has his hands more than full with all his stupid crap these newbies are doing

I've had the easiest week I've had all year
I'll take it while I can get it

Same here, except I worked the most hours I've worked daily last week (outside of peak) because each day when I got done I had to go help the new guys finish. Sure, I'd love to grab 30 more stops at 7:30...

 

[olroadbeech]

Eventually the parents will die, then they'll move upstairs.

Cant believe this. you people dont know how to save for a rainy day?

The Nanny state has arrived. been some time now.

 

[IVE GOTTA PACKAGE 4U]

Same here, except I worked the most hours I've worked daily last week (outside of peak) because each day when I got done I had to go help the new guys finish. Sure, I'd love to grab 30 more stops at 7:30...

I can't wait to see what peak brings....

 

[728ups]

I think my center manager appreciates us older guys a little bit more now after seeing what it has to deal with some of his stupid crap that these newbies do.

In my building we older guys get loaded down because unlike the younger entitled rookies we will actually do the job instead of bringing stops back,bringing the route in,misdelivering all over the route,and calling in the following day to show how mad they are at having to work. As always doing a good job gets you more work

 

[olroadbeech]

In my building we older guys get loaded down because unlike the younger entitled rookies we will actually do the job instead of bringing stops back,bringing the route in,misdelivering all over the route,and calling in the following day to show how mad they are at having to work. As always doing a good job gets you more work

it's nice to be depreciated , aint it?

 

[IVE GOTTA PACKAGE 4U]

In my building we older guys get loaded down because unlike the younger entitled rookies we will actually do the job instead of bringing stops back,bringing the route in,misdelivering all over the route,and calling in the following day to show how mad they are at having to work. As always doing a good job gets you more work

I laugh all the way to the bank

 

[silenze]

well the new millennial drivers we have now will eventually have to move out of their parents basement....

This is for union free non bargaining unit employees only.

 

[IVE GOTTA PACKAGE 4U]

This is for union free non bargaining unit employees only.

I didn't see that part.