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TForce | Has UPS devalued our old OVNT.,pension?

Dreemer said:
Wow Skeeter... changing his mind? This must be bizarro world...

Happy birthday to me
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Nah just his usual back and forth motions.....Don't get excited next week he will be saying your a wanna be.....And so on
 
bigdaddy said:
I know in the long run it will turn out alright but I sure do miss the big O sometimes
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Like wise......I would go back to it being MC in heart beat but OH WELL!!! This is what we got and the past is history and the future is a mystery!!!!!!!
 
folks if you read your books that ups sent it provided benifit packs. The UPS finale compensation is the 5 highest consecutive calender years out of ten. this is what page 9has in it.
current ovnt------after ups
final avg comp 45,000------------42,400
benifit service 15 yrs------------15 yrs
retmt ben. 11,644----------10,971
monthly 970.31----------914.21
--------------------------------------------
 
Don't know if the pension's been devalued, but in the many papers you received at take-over it stated that UPS stretched the pension monies out over all the non-union participants. That means less money in the kitty for old Overnite employees. Don't know if that will have any effect on pension money received. I started about two and a half years ago and have eleven to go till I'm sixty-five so I have no idea what kind of a pension, if any, I'll get. We need someone that's neutral tracking the money and putting the info into layman's terms so you don't need a business degree to understand things, and a translater to interpret them for you.
 
browser321 said:
Don't know if the pension's been devalued, but in the many papers you received at take-over it stated that UPS stretched the pension monies out over all the non-union participants. That means less money in the kitty for old Overnite employees. Don't know if that will have any effect on pension money received. I started about two and a half years ago and have eleven to go till I'm sixty-five so I have no idea what kind of a pension, if any, I'll get. We need someone that's neutral tracking the money and putting the info into layman's terms so you don't need a business degree to understand things, and a translater to interpret them for you.
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We tend to forget that the "O" pension fund was around 95% funded and it is now over 100% funded. If anything, UPS stretched its money over "O".
 
I have ywet to receive a thing that explains any pension to me at all. Got the notice that it was changing over and all that but nothing since May or whatever......
 
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