My Annual Disappoint Letter From FedEx

Discussion in 'FedEx Discussions' started by Joe Nuno, Mar 9, 2012.

  1. Joe Nuno

    Joe Nuno Member

    My Annual Disappoint Letter From FedEx

    I recently received my information packet for my pension. From my Viking/ FedEx pension I will be receiving $648/ month. And up to now I will be receiving $55/ month for FedEx’s PPA (Portable Pension Account. That’s a grand total as of now $703/month.

    Now I still have my 401k which I won't add for now because I’m 53 years old now. And have at least 12 more years to retire. And if the market takes a dump, so might my 401k!

    Now when we retire from FedEx, we will not have any medical benefits. Which we will have to purchase on our own. I had to get my daughter medical coverage a few years ago, because she wasn't taking enough credit while she was going to college. It was going to cost me $399/ month! Thank goodness for Obama care which FedEx has to cover our kids who go to college to the age of 26 yrs of age?

    With that in mind, it costs more to cover yourself and your spouse under COBRA around $500 each a month. My so called FedEx pension is $703/month minus $1000/month. That leaves with $-297/month, to pay a mortgage, food, med's, gas, etc. get the point.

    And all our managers say, you don't need a teamsters contract, because they we know better for you!

    If this alone, doesn't make you think that we need to organize FedEx nothing will. Enjoy your second job at Wal-Mart when you retire. So you could just survive your golden years!

    I ask you now FedEx, "WHEN WILL THE GREED STOP?"

    Rudy Hernandez FedEx city driver sbo
  2. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    If you are 53 and have 12 more years to go that should mean that you will covered by Medicare when you begin retirement. Also, if you are not funding your 401k you will be losing 12 years worth of contributions and compounding. You can also start drawing SS when you retire at 65.
  3. MrFedEx

    MrFedEx Engorged Member

    Ask Upstate how much per month his UPS Pension will be. You might be amazed at just how bad Fred is screwing us.


    Amazed...not quite. Used to being on the s^&t end of the stick, definitely.
  5. Mr. 7

    Mr. 7 The monkey on the left.

    Thank you.
  6. Joe Nuno

    Joe Nuno Member

    Bit if the Republicans have it thier ways, there might not be Medicare!
  7. MrFedEx

    MrFedEx Engorged Member

    Yes, Medicare is Socialism to them. So are unions.
  8. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Medicare will be there but not to the extent that it is now, mainly due to Medicare fraud.


    Social security recipients also got a raise, and they also got increased Medicare costs. This sounds awfully familiar. Oh yeah, the raise in SS didn't cover the raise in charges for Medicare.

    Same book, different cover.
  10. Joe Nuno

    Joe Nuno Member

    We have been a Socialism country since the 1930'th, Social security was introduce, then Welfare, Unemployment Insurance, Medical and Medicare and it goes on.
  11. dvalleyjim

    dvalleyjim Member

    Gee with medicare 703 dollars from your retirement and the amount you'll get with social security you should do pretty good if you can still snag the wal mart greeter job.
  12. MrFedEx

    MrFedEx Engorged Member

    I was being sarcastic.
  13. vantexan

    vantexan Well-Known Member

    Except that Social Security and Medicare are paid with taxes. If something isn't done soon we may have neither by the time we retire.
  14. fedex_rtd

    fedex_rtd Active Member

    Yeh, the portable account is a hard screw over for us drivers. Only way to change things is to vote for the Democrats, and hope they can grow a set and stick together and start to back big labor. Unions have a lot of negative issues, but I think I could look the other way for a UPS size pension check...Not that I will ever see one in my name as long as I work for FedEx.
  15. TUT

    TUT Well-Known Member

    To OP: My mom and dad retired recently and pay $220 for both, prescriptions generic $6. It's Humana Plus, Medicare wasn't competitive, so just because everyone talks medicare there are other options. Doctor visits $10, Specialist $40. Max any surgery could cost them is $5000. Zero yearly deducatble. He was shocked in a good way at the price and quality. Then there is SS, that is still a pretty fit number... for them it's $2600.
  16. Ghostwriter

    Ghostwriter New Member

    Its a big SHOW, Dems, Repubs, leprechauns, and magical fairies. The poor will remain poor. Only thing is: there are a whole lot more poor than there will ever be rich. Oh and did anyone know that the value of gold is rising? Time for us all to cash in on all that gold we have just collecting dust. (sarcastic statement). The best plan now, would be preparation. Store food, water, and means of protection. If the end of the world does not come, then you will be prepared for any natural disaster, Lord forbid (of, coarse)...

  17. MrFedEx

    MrFedEx Engorged Member

    Fred is starting a sideline business for FedEx retirees. He's buying-up thousands of old refrigerator boxes and recycling old LD3's and SAA cans and will be opening numerous "Purple Acres" retirement homes in the desert Southwest. He may also locate them on top of landfills and old stripmine sites in other parts of the country where land is extra cheap. A WalMart will be situated close-by so he can make a profit deal with them, and your healthcare needs will be provided by the local hospital ER.

    The refrigerator boxes and LD3's will be the low-end models for bachelors, and the swanky SAA cans will be for couples. If enough AMJ cans are damaged or retired from service, Fred may be opening luxury "townhomes".


    ROFLMAO!!! Brother, you better get a patent of some sort on that one, I could see that SOB doing something like this and working it into the PPP....
  19. mkcrod

    mkcrod Member

    "Purple Acres" Now thats funny! Dont give that moron any ideas!