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<blockquote data-quote="MrFedEx" data-source="post: 578203" data-attributes="member: 12508"><p>OK, here we go. Your traditional FedEx Pension Plan ended 6-1-08. Yes, if you are a long term employee you still get your old traditional payout(meager) <em>and </em>the PPP, which isn't a "pension" at all. To pretend that $70-$120 per month is a bona fide pension is ludicrous.</p><p> </p><p>If you had 25 years of service prior to 6-1-08 you would have maxed-out your traditional plan at 50% (2% per year) already, and then would have the second "plan" as well. But stop acting like this is a double dip and that we're making out like bandits...nothing could be further from the truth. Our payout under the old plan is less than half of what a UPS retiree gets and the PPP is a puny accrual scheme that pays out a small lump sum when you leave FedEx.</p><p> </p><p>Get it right, OK? Don't spread information that is WRONG.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 578203, member: 12508"] OK, here we go. Your traditional FedEx Pension Plan ended 6-1-08. Yes, if you are a long term employee you still get your old traditional payout(meager) [I]and [/I]the PPP, which isn't a "pension" at all. To pretend that $70-$120 per month is a bona fide pension is ludicrous. If you had 25 years of service prior to 6-1-08 you would have maxed-out your traditional plan at 50% (2% per year) already, and then would have the second "plan" as well. But stop acting like this is a double dip and that we're making out like bandits...nothing could be further from the truth. Our payout under the old plan is less than half of what a UPS retiree gets and the PPP is a puny accrual scheme that pays out a small lump sum when you leave FedEx. Get it right, OK? Don't spread information that is WRONG. [/QUOTE]
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