Anyone hear about the age changing for UPS management? We have heard anyone born in 1960 will have to work until age 58???
Age 58 is still very young these days.
How long you have to work for that benefit ?
Sentiment: Strong Buy
Mgt has to be 55 and have 10 years service, of course the benefit is greatly reduced with only a few years of service
That has been a pretty strong rumor everywhere, but at this point only that - a rumor. There is a lot of discussion on it at Brown Café if you're so inclined.
Employee Retirement Income Security Act ERISA laws protect employees from companies that try to alter pensions. There would be a signifcant class action file on the behalf if the company tried to do this. We will see, IMO