If you worked very hard for over 20 years, having it spelled out on a regular basis what you'd get if you stuck with the company, having it drummed into you over and over that you'll have a bright future with FedEx, then you might understand how we feel. As for your 401k, since as a mgr you make more than I do, I'd suggest you fully fund it if possible. For those of us who are getting strung along at lower pay, any funding we do will be woefully inadequate. A traditional pension isn't the only thing to rely on, but it is the foundation of a solid retirement. Or it was. And I'm serious about hoping for deflation. If we get bad inflation my little pension won't amount to anything. I tell you what, if FedEx greatly improves profits, but continues to hold pay down, will you then admit we need representation, whether the law allows it or not?