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Retirement information meeting
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<blockquote data-quote="vantexan" data-source="post: 2325915" data-attributes="member: 24302"><p>Let me clarify. FedEx can terminate the pension plan anytime they want but they still have to meet their legal funding obligations for accrued benefits and they are obligated to notify annually all participants of the funding set aside to meet their legally binding obligations. You said they can walk away anytime they want but not so, they can only stop the pension benefit from accruing further. I never said the pension can be touched by bankruptcy. I said the only way they can get out of further funding of the pension is bankruptcy, which then gets taken over by the Pension Guaranty Corp, a Federal Gov't entity. And Bush floated a trial balloon about privatizing SS. It went nowhere because all those elected officials knew what would happen to their careers if they did such.</p></blockquote><p></p>
[QUOTE="vantexan, post: 2325915, member: 24302"] Let me clarify. FedEx can terminate the pension plan anytime they want but they still have to meet their legal funding obligations for accrued benefits and they are obligated to notify annually all participants of the funding set aside to meet their legally binding obligations. You said they can walk away anytime they want but not so, they can only stop the pension benefit from accruing further. I never said the pension can be touched by bankruptcy. I said the only way they can get out of further funding of the pension is bankruptcy, which then gets taken over by the Pension Guaranty Corp, a Federal Gov't entity. And Bush floated a trial balloon about privatizing SS. It went nowhere because all those elected officials knew what would happen to their careers if they did such. [/QUOTE]
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