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Smith and Thornton's Laugh-In
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<blockquote data-quote="vantexan" data-source="post: 1115007" data-attributes="member: 24302"><p>There's a notification posted at my station giving all the usual corporate double talk about needing to defer the raise until October. It states that the annual raise from now on will occur in October. Last year, and it's still posted, they came up with a new payraise system. It's not much of a system, takes forever to get to better raises, only rewards those who spend a long time with FedEx and it's not much of a reward. But it is a new system. And I've seen it posted in two stations. I can remember back when we were getting up to a 7% raise based on our review and every year I'd hear couriers ask if we were getting raises this year? Same people would act shocked to learn they had a pension at FedEx. And no clue as to the formula for determining their pension benefit. So I'm not shocked that people are unaware of this. I've even explained to mgrs in the past how the pension plan worked. Had one tell me that if you don't stay all the way until 55 you don't get a pension. Had no idea how vesting worked.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1115007, member: 24302"] There's a notification posted at my station giving all the usual corporate double talk about needing to defer the raise until October. It states that the annual raise from now on will occur in October. Last year, and it's still posted, they came up with a new payraise system. It's not much of a system, takes forever to get to better raises, only rewards those who spend a long time with FedEx and it's not much of a reward. But it is a new system. And I've seen it posted in two stations. I can remember back when we were getting up to a 7% raise based on our review and every year I'd hear couriers ask if we were getting raises this year? Same people would act shocked to learn they had a pension at FedEx. And no clue as to the formula for determining their pension benefit. So I'm not shocked that people are unaware of this. I've even explained to mgrs in the past how the pension plan worked. Had one tell me that if you don't stay all the way until 55 you don't get a pension. Had no idea how vesting worked. [/QUOTE]
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