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FedEx Discussions
6% raise
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<blockquote data-quote="vantexan" data-source="post: 1792141" data-attributes="member: 24302"><p>They were trying to get as many as possible to switch so that when they terminated the traditional pension they could avoid paying "catch-up" credits to those who had voluntarily switched over. Hey, I can see a scenario where they end the step plan 8-10 years down the line just to get enraged higher payed couriers to quit and be replaced by cheaper employees. Then a year or two later start it up again. An endless cycle.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1792141, member: 24302"] They were trying to get as many as possible to switch so that when they terminated the traditional pension they could avoid paying "catch-up" credits to those who had voluntarily switched over. Hey, I can see a scenario where they end the step plan 8-10 years down the line just to get enraged higher payed couriers to quit and be replaced by cheaper employees. Then a year or two later start it up again. An endless cycle. [/QUOTE]
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