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FedEx Discussions
Pay Raise In October
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<blockquote data-quote="vantexan" data-source="post: 1380469" data-attributes="member: 24302"><p>When I quit last year I got some bad info from a mgr. Said shouldn't take too long to get portable pension but it did. What I should have done was contact the FedEx Retirement Center 3 months before my last day. They send a packet to be filled out and if you contact them 3 months in advance they cut the check immediately after your last day. Call them a few weeks before you quit and you'll be waiting for 3 months after contacting them for your money. On the 401k you have to contact Vanguard. FedEx requires that they hold your money for 45 days after your last day before cutting you a check. </p><p></p><p>One strategy to maximize your severance is to not take your vacation days before quitting. Say you get 4 weeks a year. If you wait until the start of December to quit and didn't take any vacation time you'll get your four weeks plus the two weeks you accrued in the new fiscal year. That adds up.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1380469, member: 24302"] When I quit last year I got some bad info from a mgr. Said shouldn't take too long to get portable pension but it did. What I should have done was contact the FedEx Retirement Center 3 months before my last day. They send a packet to be filled out and if you contact them 3 months in advance they cut the check immediately after your last day. Call them a few weeks before you quit and you'll be waiting for 3 months after contacting them for your money. On the 401k you have to contact Vanguard. FedEx requires that they hold your money for 45 days after your last day before cutting you a check. One strategy to maximize your severance is to not take your vacation days before quitting. Say you get 4 weeks a year. If you wait until the start of December to quit and didn't take any vacation time you'll get your four weeks plus the two weeks you accrued in the new fiscal year. That adds up. [/QUOTE]
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