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<blockquote data-quote="vantexan" data-source="post: 693830" data-attributes="member: 24302"><p>Yes, under the traditional pension typically an employee's last 5 years are their 5 highest paid years assuming annual raises. Problem is that after a person got in 25 years they may have decided in their late 40's to early 50's that they'd rather do something else with their life and that the little extra they'd get from further years with the company isn 't worth it to them. However if you want to see a pension that's loaded on the back end look at the PPA! The average employee will have to work 40 years to have anywhere close to what he had with 25 years on the traditional plan. I doubt he'd have 2/3rds of the traditional plan after 40 years. </p><p></p><p>MrFedEx is spot on. FedEx saw an opportunity to use the new accounting rules to justify terminating the traditional pension. If not, why wasn't the PPA set up to provide as much, or at least close to, as the traditional pension did?</p><p></p><p>I'm curious quadro...do you think that FedEx never considers the effect on the stock price that their cost cutting measures have? Is a high stock price just a happy accident? Do they never have meetings to discuss what can be done to improve profits? I think they go into those quarterly teleconference meetings with Wall Street reps very prepared. By the way, that quote of Fred S about 10%plus operating margins? In the next quarter's teleconference he was asked if he had actually said 10%plus? He replied that he had. That kind of thing get's Wall Street's attention, and he went into that meeting knowing he could back it up because they had just announced that the traditional pension was to be terminated. Not right away, but FedEx was going to be able to show improvement in the future, the kind of improvement that says there's more money available for dividends. A mutual fund can show growth to it's investors by investing in stock that provides good dividends. And their buying our stock will keep the price up. But apparently just knowing that we're helping a relative few get very wealthy should be good enough for us. Am I spreading misinformation? I'm just stating the obvious. I understand economics too, and I also understand that some think that the average employee can be easily snowed. Frankly, I think that if things continue as is, this country is eventually heading towards open revolt and chaos. Might not happen for awhile, but the constant push to concentrate wealth will eventually lead to the conditions that created unions a century ago.</p></blockquote><p></p>
[QUOTE="vantexan, post: 693830, member: 24302"] Yes, under the traditional pension typically an employee's last 5 years are their 5 highest paid years assuming annual raises. Problem is that after a person got in 25 years they may have decided in their late 40's to early 50's that they'd rather do something else with their life and that the little extra they'd get from further years with the company isn 't worth it to them. However if you want to see a pension that's loaded on the back end look at the PPA! The average employee will have to work 40 years to have anywhere close to what he had with 25 years on the traditional plan. I doubt he'd have 2/3rds of the traditional plan after 40 years. MrFedEx is spot on. FedEx saw an opportunity to use the new accounting rules to justify terminating the traditional pension. If not, why wasn't the PPA set up to provide as much, or at least close to, as the traditional pension did? I'm curious quadro...do you think that FedEx never considers the effect on the stock price that their cost cutting measures have? Is a high stock price just a happy accident? Do they never have meetings to discuss what can be done to improve profits? I think they go into those quarterly teleconference meetings with Wall Street reps very prepared. By the way, that quote of Fred S about 10%plus operating margins? In the next quarter's teleconference he was asked if he had actually said 10%plus? He replied that he had. That kind of thing get's Wall Street's attention, and he went into that meeting knowing he could back it up because they had just announced that the traditional pension was to be terminated. Not right away, but FedEx was going to be able to show improvement in the future, the kind of improvement that says there's more money available for dividends. A mutual fund can show growth to it's investors by investing in stock that provides good dividends. And their buying our stock will keep the price up. But apparently just knowing that we're helping a relative few get very wealthy should be good enough for us. Am I spreading misinformation? I'm just stating the obvious. I understand economics too, and I also understand that some think that the average employee can be easily snowed. Frankly, I think that if things continue as is, this country is eventually heading towards open revolt and chaos. Might not happen for awhile, but the constant push to concentrate wealth will eventually lead to the conditions that created unions a century ago. [/QUOTE]
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