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<blockquote data-quote="DELACROIX" data-source="post: 5636751" data-attributes="member: 49065">In 1995 (eliminating the Thrift Plan, 6 in, 6 match.). The option to purchase UPS stock using&nbsp; the only the interest you accumulated when you were in that plan.&nbsp; That was then rolled into an IRA set up for retirement, same rules snd penalties as a current 401k.&nbsp;Two years later the Company’s attempt to take over all our pensions nationwide.&nbsp; I could be that the Company was participating a Strike in “97” thinking that the rank and file who attained UPS Stock would fall for it.&nbsp; They were caught off guard when Carey didn’t put it up for vote.&nbsp; You are probably right..it was used as a leveraging tool.&nbsp; They sure didn’t do it out of kindness, suddenly they felt guilty by leaving their “help” out.Remember that there is two types of UPS Stock back then.&nbsp; A and B, guess who kept the premium?</blockquote>

[QUOTE="DELACROIX, post: 5636751, member: 49065"] In 1995 (eliminating the Thrift Plan, 6 in, 6 match.). The option to purchase UPS stock using the only the interest you accumulated when you were in that plan. That was then rolled into an IRA set up for retirement, same rules snd penalties as a current 401k. Two years later the Company’s attempt to take over all our pensions nationwide. I could be that the Company was participating a Strike in “97” thinking that the rank and file who attained UPS Stock would fall for it. They were caught off guard when Carey didn’t put it up for vote. You are probably right..it was used as a leveraging tool. They sure didn’t do it out of kindness, suddenly they felt guilty by leaving their “help” out. Remember that there is two types of UPS Stock back then. A and B, guess who kept the premium? [/QUOTE]

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