Management Pension Buyout conversation time, again...

[beentheredonethat]

Please tell me you are just kidding....

I heard there is an announcement on June 19th. Not sure what it's about but I'm hoping it's not another enhancement.

 

[UpstateNYUPSer(Ret)]

Enhancement=boning?

 

[PackageManager]

I hear it may be announced Monday. Aiming at those under 49 and still in pension

 

[beentheredonethat]

I hear it may be announced Monday. Aiming at those under 49 and still in pension

Rumor I heard was more along the line of freezing the plan altogether. I like your rumor better since I'm over 50

 

[Furguson555]

I think they will wait until the UPSPAC season is over at the end of the month before announcing anything

 

[brownalltheway]

Rumor I heard was more along the line of freezing the plan altogether. I like your rumor better since I'm over 50

Plan will be frozen in 2022

 

[beentheredonethat]

Plan will be frozen in 2022

I hope you're wrong, but that sounds similar to what I was told. Do you know details as to how it impacts each type of person (those over 55, those under 55 etc?)

 

[burrheadd]

I hope you're wrong, but that sounds similar to what I was told. Do you know details as to how it impacts each type of person (those over 55, those under 55 etc?)

Lemme spell this out for ya
Your Screwed

 

[oldbrownguy]

Something is going to happen for sure. Especially with the retirement fund no longer being full funded. People are living longer and the millennials are NOT contributing to the fund. A buyout makes more sense, just give the eligible people their dollar amount they have in the fund, and have a nice life...

 

[oldbrownguy]

BOD meets the first week in July so I would be surprised if we hear anything before that.

 

[UpstateNYUPSer(Ret)]

Something is going to happen for sure. Especially with the retirement fund no longer being full funded. People are living longer and the millennials are NOT contributing to the fund. A buyout makes more sense, just give the eligible people their dollar amount they have in the fund, and have a nice life...

Buyouts are generally not dollar for dollar.

 

[1989]

A pension buyout might just work for me.

 

[UpstateNYUPSer(Ret)]

A pension buyout might just work for me.

I would leave tomorrow if I were given a check with enough zeroes made out to Edward Jones, Inc.

 

[1989]

I would leave tomorrow if I were given a check with enough zeroes made out to Edward Jones, Inc.

Didn't know your name was Edward jones. Is 30K too much to ask for a $600 pension?

 

[35years]

PensionBenefits, Inc. - Lump Sum Value Calculator

Use this or another pension lump sum calculator to figure what the offer should actually be...

Then divide by 3 to find what UPS will offer!

I am not management, but my lump sum calculation was over a million.

 

[Coldworld]

I just received a buy out offer in the mail this past Monday.

For pennies on the dollar.... right??

 

[Coldworld]

I would leave tomorrow if I were given a check with enough zeroes made out to Edward Jones, Inc.

You have Edward Jones acct???

 

[Coldworld]

Gotta pay for the new teamster contract coming up.... and I would bet the bank that the folks at the top won't have any kind of cuts... you can be sure of that...

 

[UpstateNYUPSer(Ret)]

Gotta pay for the new teamster contract coming up.... and I would bet the bank that the folks at the top won't have any kind of cuts... you can be sure of that...

CEO and BOD compensation cuts would have minimal impact on our upcoming contract.

You have Edward Jones acct???

No, I just thought I would make an anonymous donation.

 

[burrheadd]

I just received a buy out offer in the mail this past Monday.

From your boyfriend?