Originally Posted by
Grease
I think a lot of those guys/gals that retire at UPS early see their 7-figure retirement accounts, plus a 6-figure annual pension, and decide that they can scrape by without working until 65. There’s less motivation to work when you’re that financially secure.
Exactly. Working to 65 makes sense at UAL because there’s no pension that kicks in at 60 like it does at Brown and Purple, in fact, at purple if you’re fully vested in the pension by age 60, you’re giving the company $130k worth of free labor every year you stay beyond that.