Top dog

[Catatonic]

Yea but how much time would someone have in. The best years of their lives to walk away and start over. Ups isn't like everyplace.

It's getting that way quickly.

 

[hyena]

going into management is a bad decision so you will fit right in.

What's that supposed to mean?

 

[Lead Belly]

It's getting that way quickly.

I know but hyena might have a lot of years in already. I wouldn't want him to waste 1 to 20 years and then quit.

 

[bleedinbrown58]

your user name and avatar is a hyena and you want serious answers??????????????

Not from an old beech who swings from a stripper pole.....lol

 

[hyena]

 

[olroadbeech]

What's that supposed to mean?

you are not only not funny but your intelligence is now suspect.

 

[hyena]

you are not only not funny but your intelligence is now suspect.

Huh?

 

[Lineandinitial]

No pension, no relocation assistance, no 1/2 month bonus, no team building, and worst of all......NO TURKEY!!!

 

[olroadbeech]

No pension, no relocation assistance, no 1/2 month bonus, no team building, and worst of all......NO TURKEY!!!

no, but plenty of work, slave.

 

[bleedinbrown58]

you are not only not funny but your intelligence is now suspect.

You claim to be a stripper. Do men shove singles in your panties because they think you're smart and have a good sense of humor?? Doubtful. Enjoy your glass house.

 

[hyena]

you are not only not funny but your intelligence is now suspect.

 

[Coldworld]

They dont even give new management a pension anymore. Thats sad

So no level of new level of mgt receives a pension anymore??

 

[Fenris]

So no level of new level of mgt receives a pension anymore??

They do, but it is different. It is defined contribution rather than defined benefit and it is portable.

 

[UpstateNYUPSer(Ret)]

They do, but it is different. It is defined contribution rather than defined benefit and it is portable.

401k?

 

[Fenris]

401k?

- its similar in that it is in the person's name and is portable, but I can't recall what investment options there are or if it just goes in a fund. New mgt. people also get a separate 401K.

 

[Cardboard carrier]

How much does UPS contribute yearly to your portable retirement fund [401]?

 

[brownmonster]

How much does UPS contribute yearly to your portable retirement fund [401]?

I would think it's less then they contribute to ours.

 

[Fenris]

How much does UPS contribute yearly to your portable retirement fund [401]?

I think this is correct (going off an old document and memory as I am not under this plan. For the folks in the Portable retirement account: slightly larger 401K match with 50% match of up to 7% of salary, contribution to pension account varies based upon year of service + age and ranges from 5% of pay for less than 35 for age + YOS up tp 8% of pay for 75 or more for age + YOS. Accounts earn interest, are vested after 3 years and the account can be taken when leaving UPS at any age or for any reason.

 

[soberups]

They do, but it is different. It is defined contribution rather than defined benefit and it is portable.

"Portable" being the only advantage compared with the old pension system.

 

[Fenris]

"Portable" being the only advantage compared with the old pension system.

There's pros and cons to each one. The old pension plan is better if you were in it for 20+ years. You accrue most of the benefits after 20 years of service. If you aren't in it for that long, the newer one is probably better - and you don't feel like you have to stay for the pension.