Teamster Buyout?

[Thebrownblob]

$1,800/year is WAY too low. The only drivers who should even think of accepting this paltry buyout are those who had already planned on retirement before the end of this year. $54K ($43,200 after 20% Fed) would be a nice way to begin retirement. I knew the decision would need to be made quickly but 10 days is much too quick.

Look for the Company to up the ante when they don’t get their desired response.

This is a reasonable response. Are you OK?

And I’m not so sure they will up the ante, they might make the same offer again after the first of the year.

 

[KearsargeCoop]

View attachment 527077

Lower Merion
What a dude.

 

[Thebrownblob]

Negotiation will not be an option.

I wouldn’t put money on it but I highly doubt that this lowball offer will bring the desired results; however, I wouldn’t pass on this one in the hope that a better one would be on the way, especially for those who put their retirements on hold waiting for their offers. Don't leave money on the table.

This is a terrible offer very vague. And you give them Way too much control.. anybody interested in taking this offer really has the choice to leave whenever they want currently I would never give the company that much control. Screw them leave on your own terms. This is pocket change.

 

[AllTheBellsAndWhistles123]

This is a reasonable response. Are you OK?

And I’m not so sure they will up the ante, they might make the same offer again after the first of the year.

I think we can both agree that UPS has a set figure in mind which the current offer will far woefully short of.

 

[AllTheBellsAndWhistles123]

This is a terrible offer very vague. And you give them Way too much control.. anybody interested in taking this offer really has the choice to leave whenever they want currently I would never give the company that much control. Screw them leave on your own terms. This is pocket change.

It is pocket change but if you were already set to leave why not put that change in your pocket?

I had mentioned those close to the YOS/age possibly taking the buyout, freezing their pension and cutting grass until they meet the age requirement. That would be a foolish move.

 

[Thebrownblob]

I think we can both agree that UPS has a set figure in mind which the current offer will far woefully short of.

Perhaps but they’re a long way from that figure currently. Even guys that could leave tomorrow aren’t taking this offer in my building.

 

[AllTheBellsAndWhistles123]

Perhaps but they’re a long way from that figure currently. Even guys that could leave tomorrow aren’t taking this offer in my building.

They should. It would tide them over until their pension starts.

 

[Oh Shoot]

They should. It would tide them over until their pension starts.

 

[Oh Shoot]

It is pocket change but if you were already set to leave why not put that change in your pocket?

I had mentioned those close to the YOS/age possibly taking the buyout, freezing their pension and cutting grass until they meet the age requirement. That would be a foolish move.

 

[Oh Shoot]

I think we can both agree that UPS has a set figure in mind which the current offer will far woefully short of.

 

[AllTheBellsAndWhistles123]

Seems like several members are having keyboard issues.

 

[tourists24]

They should. It would tide them over until their pension starts.

Well since it's their retirement, guess they feel differently than you do.

 

[Oh Shoot]

Seems like several members are having keyboard issues.

 

[AllTheBellsAndWhistles123]

Well since it's their retirement, guess they feel differently than you do.

Would they have retired as planned had their not been a buyout?

 

[tourists24]

Would they have retired as planned had their not been a buyout?

Who knows? Case by case I suppose

 

[Thebrownblob]

@al

They should. It would tide them over until their pension starts.

I completely disagree. That’s basically what most of these people can make between now and the end of the year and they won’t be taxed like a bonus and they can put money in there 401k and then they could take all their vacation at the beginning of the year and leave.

Unless they were planning on leaving in the next week or two, I don’t see this as a very good deal, especially if someone was waiting till after the first of the year. This is actually a money loser.

 

[AllTheBellsAndWhistles123]

@al

I completely disagree. That’s basically what most of these people can make between now and the end of the year and they won’t be taxed like a bonus and they can put money in there 401k and then they could take all their vacation at the beginning of the year and leave.

Unless they were planning on leaving in the next week or two, I don’t see this as a very good deal, especially if someone was waiting till after the first of the year. This is actually a money loser.

Excellent points.

Then again—-NO PEAK!!!

 

[Thebrownblob]

Excellent points.

Then again—-NO PEAK!!!

Well, peak has become the easiest time of the year
So a lot of guys are just gonna ride it out.

This offer made no sense. The CEO doesn’t know what she’s doing. She can’t even break the contract correctly.

 

[AllTheBellsAndWhistles123]

Well, peak has become the easiest time of the year
So a lot of guys are just gonna ride it out.

This offer made no sense. The CEO doesn’t know what she’s doing. She can’t even break the contract correctly.

How is handing a few $$$ to guys that should have left years ago breaking the contract?

 

[Thebrownblob]

How is handing a few $$$ to guys that should have left years ago breaking the contract?

Ask Sean