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Anymore, it's rare to find. UPS used to create lifers because their benefits were so good, including free education and a stipend for an apartment even. That'
by silisili 2y ago
Anymore, it's rare to find. UPS used to create lifers because their benefits were so good, including free education and a stipend for an apartment even. That's all gone, I think, as they were paring it back in the late 90s already.
And nearly everyone has gotten rid of pensions, sadly.
- ghaff 2y agoDefined-benefit pensions stopped making sense for a variety of tax and other reasons--including that to get any benefit you typically needed to stay at a place at least 5 years with 10-20 years to get a big benefit. A benefits friend of mine tells me there are some newer programs that work differently from the traditional ones though they're still not that common as far as I can tell.