Management Pension Changes Impact (On Topic)

[Bozo Bob]

You have a lot of good points, but there are more.

4. I ran my pension numbers less then 3 months ago using their calculator. I had well over 100 more per month at 55 then what they just showed in my packet. I assumed 2% raises, they are assuming 3% raises. So how is that possible other than they are lying about the amount of changes?

There's no way to know what your raise will be. Regardless of what it says on your little merit increase sheet that they give you they can fool you on MIP any time they want. You may think you got a 2 or 3% raise, but only if you forgot about that .7 MIP factor. Look at your W2 year over year and see what your raise really was.

 

[Catatonic]

I also ran mine, but I always did 0% salary increase because, well, unless they move the hard cap, it's unlikely I'll get even 2% raises until retirement. More like, averages out to less than 1% per year.

The last year I worked, I got a $28 raise per month which put me at top pay within the bracket.
Just another nail in the coffin for me

 

[BakerMayfield2018]

The last year I worked, I got a $28 raise per month which put me at top pay within the bracket.
Just another nail in the coffin for me

Settle down.

 

[Catatonic]

Settle down.

I think I love you!

 

[TheBrownLie]

What did you do at UPS Monkey Butt?

 

[Catatonic]

What did you do at UPS Monkey Butt?

Hourly - Worked in hub, reload, preload and carwash and then to driving.
Management - Preload, Hub, Human resources, IE district, Facilities opening (3 in GA), Preload/Reload manager in small hub (Forest Park), Region IE, Corporate IE, Corporate Customer Automation, Corporate Project Manager of Technology projects, Enterprise Technology Release Coordinator

 

[FrigidFTSup]

Hourly - Worked in hub, reload, preload and carwash and then to driving.
Management - Preload, Hub, Human resources, IE district, Facilities opening (3 in GA), Preload/Reload manager in small hub (Forest Park), Region IE, Corporate IE, Corporate Customer Automation, Corporate Project Manager of Technology projects, Enterprise Technology Release Coordinator

Santa Claus at the Christmas party

 

[Catatonic]

Santa Claus at the Christmas party

I did do that a few times.
I was a snarky, smart-assed Santa.

 

[APeonInALandOfCorpLackies]

There's no way to know what your raise will be. Regardless of what it says on your little merit increase sheet that they give you they can fool you on MIP any time they want. You may think you got a 2 or 3% raise, but only if you forgot about that .7 MIP factor. Look at your W2 year over year and see what your raise really was.

It's easy for us peons. The hard cap is so low, pretty much anyone in the 10E or 10F realm (I don't include 10G since there's only like 5? of those jobs in all of UPS) is capped by 5 years in (unless they're brand new.) And since we don't get MIP, what we see is what we get.

I know a lot of 10E/friend (including myself) that are capped or are so close that 2-3% isn't even realistic.

Supervisor+, MIP gets counted in the pension calculation (as well as the "transition" 401k in 5 years.) Us peons (specialist/admin/tech) get far more hosed by it. UPS says, but your OT gets counted! Great, for us to get enough overtime to get anywhere close to MIP, the average peon would have to work a minimum 5 hours of overtime per week for the entire year to even get close to Supervisor MIP. Likely? Heh, not a chance. There would be fire breathing dragons looking to cook people if someone was getting that much OT every single week.

 

[burrheadd]

What did you do at UPS Monkey Butt?

Head chair spinner

 

[Coldworld]

I did do that a few times.
I was a snarky, smart-assed Santa.

Your mouth was probably watering when the young interns would come in with their tight sweaters and boobs a popping to get a picture on santas lap... I'm sure after what they felt when sitting down they didn't make that same mistake the next year....

 

[Coldworld]

It's easy for us peons. The hard cap is so low, pretty much anyone in the 10E or 10F realm (I don't include 10G since there's only like 5? of those jobs in all of UPS) is capped by 5 years in (unless they're brand new.) And since we don't get MIP, what we see is what we get.

I know a lot of 10E/friend (including myself) that are capped or are so close that 2-3% isn't even realistic.

Supervisor+, MIP gets counted in the pension calculation (as well as the "transition" 401k in 5 years.) Us peons (specialist/admin/tech) get far more hosed by it. UPS says, but your OT gets counted! Great, for us to get enough overtime to get anywhere close to MIP, the average peon would have to work a minimum 5 hours of overtime per week for the entire year to even get close to Supervisor MIP. Likely? Heh, not a chance. There would be fire breathing dragons looking to cook people if someone was getting that much OT every single week.

Except for the drivers... 50 hour weeks are the norm.. feeder is 55~60 hour weeks...

 

[Coldworld]

What did you do at UPS Monkey Butt?

You really had to ask him... he gets a semi hard on whenever he repeats all of his ups assignments over the years...

 

[beentheredonethat]

There's no way to know what your raise will be. Regardless of what it says on your little merit increase sheet that they give you they can fool you on MIP any time they want. You may think you got a 2 or 3% raise, but only if you forgot about that .7 MIP factor. Look at your W2 year over year and see what your raise really was.

About a year or so ago, the calculator was changed to use your base salary (with the assumed increases you enter). Then they included in MIP after that to help to smooth out how MIP impacted your rate, this was done supposedly to improve the accuracy of long term retirement planning. However, from 3 months ago until the new changes. By me putting in a 2% increase and them putting in a 3% increase, calculating MIP the same, they should have had a higher retirement than I calculated. Instead they were well over 100/month lower.

 

[wide load]

Enterprise Technology Release Coordinator

That sounds hot!

 

[Catatonic]

That sounds hot!

Don't judge a book by it's cover.
It was my last job at UPS for a reason.

 

[Returntosender]

Don't judge a book by it's cover.
It was my last job at UPS for a reason.

Did you design Diad one?

 

[Popeye]

I make sure I keep my hourly rate constant. They give me 0.7 then I give them 0.7 right back.

 

[beentheredonethat]

I make sure I keep my hourly rate constant. They give me 0.7 then I give them 0.7 right back.

I've been trying to do that too. But I haven't done what I promised myself. I need to improve my work life balance due to this offset of benefits. My initial goal was to start a little later, or leave a little earlier as they made changes such as this retirement change. If I actually kept it up, I think I would have been passing myself as I go to \ fr work.