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<blockquote data-quote="vantexan" data-source="post: 1107518" data-attributes="member: 24302"><p>Just for clarification, the FedEx Portable Pension pays 3%, 5%, 7%, or 9% of your gross. Which % you receive is based on points that are determined by your years of service plus your age. You need at least 75 points to receive the 9%. And this year is the last of a 5 year period where those that were 40 or older received an extra 4% in "transition points" to catch them up, such as it is. So for the last 5 years the highest category has been 13%, but will end with this summer's payment. This plan is heavily weighted on the back end to the point that someone starting today at 23 and deciding to leave at 37 wouldn't receive much. For it to be enough to just supplement Social Security that 23 year old would definitely need to work until 70.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1107518, member: 24302"] Just for clarification, the FedEx Portable Pension pays 3%, 5%, 7%, or 9% of your gross. Which % you receive is based on points that are determined by your years of service plus your age. You need at least 75 points to receive the 9%. And this year is the last of a 5 year period where those that were 40 or older received an extra 4% in "transition points" to catch them up, such as it is. So for the last 5 years the highest category has been 13%, but will end with this summer's payment. This plan is heavily weighted on the back end to the point that someone starting today at 23 and deciding to leave at 37 wouldn't receive much. For it to be enough to just supplement Social Security that 23 year old would definitely need to work until 70. [/QUOTE]
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