Will the merger affect the traditional pension?
As others have pointed out, a portion of plan’s assets were sold to MetLife some time back, but it’s my understanding that only accounted for approximately 20 percent of the total.
I believe the remaining amount is underfunded by approximately 10 percent at this time.
Does the merger further endanger the portion of the benefit still under FedEx’s control?
What would a potential buyout look like?
As others have pointed out, a portion of plan’s assets were sold to MetLife some time back, but it’s my understanding that only accounted for approximately 20 percent of the total.
I believe the remaining amount is underfunded by approximately 10 percent at this time.
Does the merger further endanger the portion of the benefit still under FedEx’s control?
What would a potential buyout look like?