After upgrading from Jenkins 2.60.2 to 2.89.2 Jenkins will not start.

Also, for Jenkins 2.73.2 same behavior occurs.
Reverting back to Jenkins 2.60.2 is possible, and gives no problem.

This is the error trace:

java.lang.ClassCastException: com.cloudbees.plugins.credentials.impl.UsernamePasswordCredentialsImpl cannot be cast to hudson.model.UserProperty

at hudson.model.User.getProperty(User.java:305)

at hudson.model.User.load(User.java:204)

at hudson.model.User.<init>(User.java:157)

at hudson.model.User.getOrCreate(User.java:470)

at hudson.model.User.access$300(User.java:128)

at hudson.model.User$AllUsers.scanAll(User.java:1011)

Caused: java.lang.reflect.InvocationTargetException

at sun.reflect.NativeMethodAccessorImpl.invoke0(Native Method)

at sun.reflect.NativeMethodAccessorImpl.invoke(NativeMethodAccessorImpl.java:62)

at sun.reflect.DelegatingMethodAccessorImpl.invoke(DelegatingMethodAccessorImpl.java:43)

at java.lang.reflect.Method.invoke(Method.java:498)

at hudson.init.TaskMethodFinder.invoke(TaskMethodFinder.java:104)

Caused: java.lang.Error

at hudson.init.TaskMethodFinder.invoke(TaskMethodFinder.java:110)

at hudson.init.TaskMethodFinder$TaskImpl.run(TaskMethodFinder.java:175)

at org.jvnet.hudson.reactor.Reactor.runTask(Reactor.java:282)

at jenkins.model.Jenkins$7.runTask(Jenkins.java:1090)

at org.jvnet.hudson.reactor.Reactor$2.run(Reactor.java:210)

at org.jvnet.hudson.reactor.Reactor$Node.run(Reactor.java:117)

at java.util.concurrent.ThreadPoolExecutor.runWorker(ThreadPoolExecutor.java:1142)

at java.util.concurrent.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:617)

at java.lang.Thread.run(Thread.java:745)

Caused: org.jvnet.hudson.reactor.ReactorException

at org.jvnet.hudson.reactor.Reactor.execute(Reactor.java:269)

at jenkins.InitReactorRunner.run(InitReactorRunner.java:47)

at jenkins.model.Jenkins.executeReactor(Jenkins.java:1124)

at jenkins.model.Jenkins.<init>(Jenkins.java:929)

at hudson.model.Hudson.<init>(Hudson.java:86)

at hudson.model.Hudson.<init>(Hudson.java:82)

at hudson.WebAppMain$3.run(WebAppMain.java:235)

Caused: hudson.util.HudsonFailedToLoad

at hudson.WebAppMain$3.run(WebAppMain.java:252)