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FedEx Discussions
Pension takeaway
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<blockquote data-quote="MrFedEx" data-source="post: 1141054" data-attributes="member: 12508"><p>The Piss-Poor-Pension Plan (PPP) is really an annuity that is given to you as a cash payout when you depart FedEx. It isn't a pension at all, but they want you to think it is, hence the name. I don't consider it as a "buyout" because the amounts are so low as to be laughable. The Traditional Plan is an actual pension, however crappy, and it cannot be cashed-out. You can call Retirement Administration and they should be able to provide you a copy of approximately what you will get from each if you provide them with your projected date of departure. Your current PPP balance should have been included in your last yearly statement.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 1141054, member: 12508"] The Piss-Poor-Pension Plan (PPP) is really an annuity that is given to you as a cash payout when you depart FedEx. It isn't a pension at all, but they want you to think it is, hence the name. I don't consider it as a "buyout" because the amounts are so low as to be laughable. The Traditional Plan is an actual pension, however crappy, and it cannot be cashed-out. You can call Retirement Administration and they should be able to provide you a copy of approximately what you will get from each if you provide them with your projected date of departure. Your current PPP balance should have been included in your last yearly statement. [/QUOTE]
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