Catatonic
Nine Lives
That's when I dropped out of the DESPP ... I guess that's what was desired.
Reference: A history of Enhancements
- Thread starter Catatonic
- Start date
That's when I dropped out of the DESPP ... I guess that's what was desired.
Dragon
Package Center Manager
Its a game that you can never win. Its like the bully that stands over you with the ball and every time you jump....he moves the ball up and you miss the target. You either get fed up and fight back or walk away and try again another day or just walk away forever.
UnconTROLLed
perfection
low-tier mgmt complaining about bullies...lol
brownIEman
Well-Known Member
Our prior CEO was came up through IE. Our current CEO was our head finance guy. The organization has taken note of the fact that every time they crank the numbers higher, performance overall improves, even if no one hits the inflated goals. We will of course hit a point of diminishing returns at some point, if we are not already there. As the top tier get farther away from operations experience, they get farther from the understanding that initially the goals were meant to be tough but realistic. They no longer know what realistic is, and deride any attempt to define it as "excuses".
Lineandinitial
Legio patria nostra
The Thrift Plan was kind of cool. $6.00 a week and the company contributed. Reminded me of a Savings Bond. Small nest egg.
PT Car Washer
Well-Known Member
Turned $6.00 a week into $60k before I was forced out. Now about $100k. Every bit helps.
I realize that I'm just a dumb, retired truck driver, but apparently UPS has redefined "enhance," much like a number of other phrases/words.
enhance - definition of enhance by the Free Online Dictionary, Thesaurus and Encyclopedia.
enhance - definition of enhance by the Free Online Dictionary, Thesaurus and Encyclopedia.
bleedinbrown58
That’s Craptacular
Kind of like "safty" lol.I realize that I'm just a dumb, retired truck driver, but apparently UPS has redefined "enhance," much like a number of other phrases/words.
enhance - definition of enhance by the Free Online Dictionary, Thesaurus and Encyclopedia.
BrownTie
Well-Known Member
"Enhance", It's becoming to be a bad word. Use it often and it can have its own meaning. Like; We will not replace Bob who just retired, so now we are enhancing your responsibilities, good luck. If you are really mad, say this "Go Enhance yourself". oops I mean, "Go E#$!%&E yourself"
UnconTROLLed
perfection
Technically, yes they are enhancements..for Wall St. deep pockets. I now see how they can re-define the word.
upsoldtimer
Well-Known Member
I knew all along this would become a negative forum topic.......so in the words of an old country music tune......."you can feel bad if it makes you feel better"
SignificantOwner
A Package Center Manager
There nothing wrong with some negativity. Our country was founded because people were tired of getting screwed.
upsoldtimer
Well-Known Member
True but the difference is our country's founders did something about it.....in other words they took action.....they didn't just sit around and commiserate baby....as the founder of UPS once said...."Determined men make conditions, they don't allow themselves to become victims of them."
SignificantOwner
A Package Center Manager
That was predictable, but I don't agree that we aren't doing anything about it. We're adjusting.
island1fox
Well-Known Member
Hoax,
I know that you have retired fairly recently.
When you sat with HR --did they tell you that when you reach 65 the Medicare Supplement would be covered by UPS 100% ?
Or has that been "grandfathered" or changed ??
I know that you have retired fairly recently.
When you sat with HR --did they tell you that when you reach 65 the Medicare Supplement would be covered by UPS 100% ?
Or has that been "grandfathered" or changed ??
beentheredonethat
Well-Known Member
From what I heard talking with a person who will be retiring recently is that this has been enhanced as well. ALthough it's a gradual enhancement. It goes along the same way health benefits in general for retirees are handled. For each year you worked (before 1991) (give or take a year). You get something like three or four credits per year. For each year after that date you get 1 credit. Prior to 65 the dollar amount per credit is a certain amt to pay for health care. After medicare kicks in the amount per credit drops big time. However, for a person with a lot of years prior to 91 or 92 then there is currently enough to pay 100%. I myself only have a few years in prior to 91. So UPS has locked in the totals they pay while making it that old timers weren't really impacted or at least won't be impacted for quite a while. Mgmt currently working got enhanced on this. Sorry don't know exact details of dollar amounts per credit etc and exact year of enhancement.
Catatonic
Nine Lives
Not exactly ...
It is the same formula as the retirement prior to 65 funding except the funding per DDB is $42 instead of $250.
The funding amount is for retiree and spouse.
In my case, it is $2,940 for me to purchase medicare supplemental insurance and the same for my wife.
Years of service prior to Jan 1, 1993 qualifies 3 DDB units per year of service.
Starting in 1993, one gets 1 DDB for each year of service.
island1fox
Well-Known Member
Thank You.
brownIEman
Well-Known Member
oldtimer, you bring up one of the better and more apt of Casey's sound bites.
It got me to thinking. I wish someone had read that one at a few more meetings of the management committee. You see, the leadership of UPS has been facing steadily worsening cost to serve and competition conditions since around the mid 90's. That has been off set to a great degree by the sea change in the retail industry. For all these years these men (and women, to update Casey's quote) have faced these conditions, and have allowed themselves to become the victims of them. The only effective "actions" they have taken are to reduce the compensation of the partners who report to them. They have thus shown themselves to not be very "determined".
Many of us are greatly disapointed by this. THAT, is in a nutshell what this thread is about.
