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Retirement information meeting
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<blockquote data-quote="MrFedEx" data-source="post: 2325225" data-attributes="member: 12508"><p>OK, Mr. Self Responsibility. FDX could easily afford to provide you with a real pension, making <strong>your </strong>duty a lot easier. Right now, FedEx is NOT paying enough, and they don't have enough employees. This past Friday, 20% of one large local station called-in sick on top of late freight. There is no bug going around, so these people just don't care enough to come in and felt they deserved a 3 day weekend. Most stations I know of are perpetually understaffed.</p><p></p><p>Our PPA is an utter joke, as is the pathetic company match. When ESPP was gutted, there went another retirement investment avenue. As I have said before, many (probably most) Express employees cannot afford to make a decent contribution percentage because they are both underpaid and saddled with excessive benefit costs that make Fred rich.</p><p></p><p>You do what you want, but FedEx was very irresponsible in taking away the Traditional Plan, which wasn't spectacular. They did it because they could (no union), and they lied completely about the reason(s) for killing the plan.</p><p></p><p>What a surprise.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 2325225, member: 12508"] OK, Mr. Self Responsibility. FDX could easily afford to provide you with a real pension, making [B]your [/B]duty a lot easier. Right now, FedEx is NOT paying enough, and they don't have enough employees. This past Friday, 20% of one large local station called-in sick on top of late freight. There is no bug going around, so these people just don't care enough to come in and felt they deserved a 3 day weekend. Most stations I know of are perpetually understaffed. Our PPA is an utter joke, as is the pathetic company match. When ESPP was gutted, there went another retirement investment avenue. As I have said before, many (probably most) Express employees cannot afford to make a decent contribution percentage because they are both underpaid and saddled with excessive benefit costs that make Fred rich. You do what you want, but FedEx was very irresponsible in taking away the Traditional Plan, which wasn't spectacular. They did it because they could (no union), and they lied completely about the reason(s) for killing the plan. What a surprise. [/QUOTE]
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