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<blockquote data-quote="vantexan" data-source="post: 2384615" data-attributes="member: 24302"><p>Call the Retirement Service Center and ask them. My numbers are correct. The portable pension was started in 2003 for newhires, but the traditional ended in 2008. Those of us who didn't go into the portable pension voluntarily were forced into it in 2008. I don't know the exact year you started but let's say it was May 1976. 32 years later they terminated the plan. All years in that 32 you worked at least 1000 hours are considered when figuring your traditional pension. If that number is 30, then the 5 highest paid years of those 30 will be averaged together. That of course is if they had the traditional pension when you started. I originally started in '86 but as I was part-time at the Memphis Hub my first year didn't count.</p><p></p><p>P.S. After Googling I agree with the 14% of Fortune 500 companies offering either a traditional or cash balance pension plan. Doesn't take away from the underhanded way FedEx moved us into the new plan. A topped out courier averaging $60k who voluntarily went into the portable lost $12k over 5 years not getting that 4% a year.</p><p></p><p>P.S. Did you voluntarily go into the portable pension?</p></blockquote><p></p>
[QUOTE="vantexan, post: 2384615, member: 24302"] Call the Retirement Service Center and ask them. My numbers are correct. The portable pension was started in 2003 for newhires, but the traditional ended in 2008. Those of us who didn't go into the portable pension voluntarily were forced into it in 2008. I don't know the exact year you started but let's say it was May 1976. 32 years later they terminated the plan. All years in that 32 you worked at least 1000 hours are considered when figuring your traditional pension. If that number is 30, then the 5 highest paid years of those 30 will be averaged together. That of course is if they had the traditional pension when you started. I originally started in '86 but as I was part-time at the Memphis Hub my first year didn't count. P.S. After Googling I agree with the 14% of Fortune 500 companies offering either a traditional or cash balance pension plan. Doesn't take away from the underhanded way FedEx moved us into the new plan. A topped out courier averaging $60k who voluntarily went into the portable lost $12k over 5 years not getting that 4% a year. P.S. Did you voluntarily go into the portable pension? [/QUOTE]
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