Was supposed to happen in 2020 but was delayed. It was announced and all the details were explained over a year ago. The decision as to which way to go is something every employee will have to make based on their needs. There is no "one size fits all" answer.
So one chooses based on his needs and you rip him for doing so. The best solution on this forum is to not disclose what one is doing if one wants to avoid ridicule from know-it-alls who's only expertise is they got in early when the company was a lot more generous.
Where did you read that I ripped anyone? You should refrain from drinking before you post. Is there even a hint of suggestion on what a person should do in my post?
I don't recall reading anywhere the company "encouraging " people do decide either way. If you have something to prove otherwise, please share. As much as people like to complain, less than 10% of Fortune 500 companies have BOTH a pension AND a 401k. Even though the Portable isn't as good of plan, it beats not have any pension at all.
Correct. Companies have been doing away with pensions for a while now.
Just take a look at Ground. The peanuts contractor employed drivers earn in terms of wages/salaries and the nothing in the way of a benefit plan that goes with it.... You'll see where Express will be by the end of the decade if not sooner.
Dude you've ripped into me for taking my pension not only early but taking the Social Security Leveling Option which gives a lot more for the first 12 years then drops way down. One of the most astute statements you've ever made on this forum was above where you said employees need to choose based on their needs. My needs are that I can no longer feel sensation when a doctor pokes my feet with a pen. That my eyesight is going. I may be dead before I'm 70. So I took as much upfront as possible but that didn't stop your ridicule. I'll be taking Social Security at 62 also and live where I can get by on $500 a month ok so that I can put the rest into savings. $30k+ for 5 years then $10k or so from them on. I will pay our house off and save for my wife's later years or die trying. There comes a point when having stuff or living the life means very little. Taking care of family before we go for some of us is the only legacy we can leave.
Not telling you what to do but why not take a shot at your disability first rather than take the permanent 25% reduction?
Take your meds!!!!
I've looked at it, talked to attorneys who specialize. I haven't been seeing a doctor regular and will have to get together some serious documentation with treatment. Can't afford insurance. And it could take a year or more with no guarantee. As soon as the virus is over can go overseas and live decently on little.
That seems to be FredEx's strategy for delivering bad news: deliver it in a disingenuous manner and throw you a bone like "you can choose what works best for you" just so they have something to use against you for sake of argument. Kind of like how you can't say the company didn't give you a raise for three years when they're giving you a generous 2% raise while the company is "struggling." It's always smoke and mirrors with Fat Freddy.
Typical Fat Freddy. Throwing a 25 ft. rope to a guy drowning 50 feet offshore then try to make it look like he did something.
The Social Security "Blue Book" is public information. A person's qualification for benefits is not based on their disability per say but rather it is based on "work suitability " meaning are they suitable for work as a whole? Given that your symptoms a getting much worse I don't think that you would have much trouble proving that you're no longer suitable for work in any capacity. And after 2 years on disability you would automatically go on Medicare.
FredEx won’t support those who currently serve it. Fat Freddy looks at his employees the same way he views his Sprinter vans: just a necessary business expenditure that will inevitably be worn down, thrown away, and replaced by something cheaper.
So true! They want employees off their books for good, year or so portable will be gone we will have to be on our own 401k.
And employer contributions will be slowly decreased year over year until the only thing going in them is what the employee alone can contribute .Knowing this there is some not a lot but some momentum growing in Congress for a shoring up of Social Security ahead of the eventual disappearance altogether of private pension plans leaving only public sector pension plans remaining.
