Monday, February 9, 2009
Signs of the Times
UPS 401(k) retirement savings and investment plans let you save some of your pay before or after tax. A great benefit of a 401(k) Plan is that it enables UPSers to save on a pre-tax basis. This feature increases savings and lowers taxable income. In fact, earnings on 401(k) investments are not taxed until withdrawn, usually at retirement. Declining economic conditions have caused us to make some difficult, strategic decisions. As a result, the 401(k) match is currently suspended until further notice.