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Fedex Denies Pension Benefits To Gay Spouse
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<blockquote data-quote="vantexan" data-source="post: 2003147" data-attributes="member: 24302"><p>As far as I know the traditional pension ended for everyone, management included. Wouldn't shock me if managers still get a traditional pension, but there's never been anything public that would suggest that that I've seen. But if FedEx somehow got the gov't to limit retirement benefits to only the retiree it would have to be to every retiree in every company, not just FedEx. The resulting firestorm would effectively bring down the current administration, just as trying to eliminate Social Security would. That's why when FedEx eliminated the previous pension plan they replaced it with another, albeit not as good a one. In effect FedEx was already limiting retirement benefits by holding down pay. Not only were midrange employees having to live with much less income, but their lower pay was also stunting their future retirement. It's a catch-22 for employees. We're having the burden of retirement placed more on us, but we aren't getting paid enough to fund our retirement. A courier with a decent retirement will only have one by sacrificing as much as possible and probably working a second job too. Most in their earlier years don't seem to get what's going to happen down the road, but maybe distrust of the Social Security system will spur them to save more. There's always the alternative to live overseas in a much cheaper country, but given the news these days I doubt many will move abroad.</p></blockquote><p></p>
[QUOTE="vantexan, post: 2003147, member: 24302"] As far as I know the traditional pension ended for everyone, management included. Wouldn't shock me if managers still get a traditional pension, but there's never been anything public that would suggest that that I've seen. But if FedEx somehow got the gov't to limit retirement benefits to only the retiree it would have to be to every retiree in every company, not just FedEx. The resulting firestorm would effectively bring down the current administration, just as trying to eliminate Social Security would. That's why when FedEx eliminated the previous pension plan they replaced it with another, albeit not as good a one. In effect FedEx was already limiting retirement benefits by holding down pay. Not only were midrange employees having to live with much less income, but their lower pay was also stunting their future retirement. It's a catch-22 for employees. We're having the burden of retirement placed more on us, but we aren't getting paid enough to fund our retirement. A courier with a decent retirement will only have one by sacrificing as much as possible and probably working a second job too. Most in their earlier years don't seem to get what's going to happen down the road, but maybe distrust of the Social Security system will spur them to save more. There's always the alternative to live overseas in a much cheaper country, but given the news these days I doubt many will move abroad. [/QUOTE]
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