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<blockquote data-quote="fedx" data-source="post: 4704259" data-attributes="member: 64891"><p>Cactus is right. FedEx could try to get everyone to get out of the pension plan by offering an 8% match on their 401K. Then, down the road, the company could drop the match down to 6% due to "business needs." There is no guarantee it will stay at 8% indefinitely. Just remember, if the company is encouraging everyone to switch to the 8% 401K plan, they aren't doing it for your benefit. They are doing it for their own benefit. They have some ulterior motive. Your financial well being isn't their motive, but the company's own well being is. I thought FedEx was bragging just a couple of years ago about how they put a billion dollars into the pension plan so it would be well funded-during that tax beak deal when we got a raise 6 months early. Now they have closed out the pension to new hires. I would say do just the opposite of what FedEx encourages. If they encourage people to do the 8% deal, then I'd stay in the pension plan. I know I am.</p></blockquote><p></p>
[QUOTE="fedx, post: 4704259, member: 64891"] Cactus is right. FedEx could try to get everyone to get out of the pension plan by offering an 8% match on their 401K. Then, down the road, the company could drop the match down to 6% due to "business needs." There is no guarantee it will stay at 8% indefinitely. Just remember, if the company is encouraging everyone to switch to the 8% 401K plan, they aren't doing it for your benefit. They are doing it for their own benefit. They have some ulterior motive. Your financial well being isn't their motive, but the company's own well being is. I thought FedEx was bragging just a couple of years ago about how they put a billion dollars into the pension plan so it would be well funded-during that tax beak deal when we got a raise 6 months early. Now they have closed out the pension to new hires. I would say do just the opposite of what FedEx encourages. If they encourage people to do the 8% deal, then I'd stay in the pension plan. I know I am. [/QUOTE]
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