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Brown Cafe UPS Forum
UPS Partners
Youngsters Retirement
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<blockquote data-quote="Karma..." data-source="post: 785266" data-attributes="member: 29370"><p>Hello, correct me if I am off base.....Young management have a portable 401k with no defined pension.......MIP is half now and the balance spread out over the next 5 years with forfeiture of any balance not received if the person leaves prior to retirement and/ or death........What is the upside of a portable 401k if you lose the unreceived balance of the MIP if you quit ?............What other take aways are likely to occur in the future to management ?.....Are these to help pay for all the Union Contracts ?........</p></blockquote><p></p>
[QUOTE="Karma..., post: 785266, member: 29370"] Hello, correct me if I am off base.....Young management have a portable 401k with no defined pension.......MIP is half now and the balance spread out over the next 5 years with forfeiture of any balance not received if the person leaves prior to retirement and/ or death........What is the upside of a portable 401k if you lose the unreceived balance of the MIP if you quit ?............What other take aways are likely to occur in the future to management ?.....Are these to help pay for all the Union Contracts ?........ [/QUOTE]
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