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The Competition
FedEx Discussions
Working at FedEx express or FedEx freight. Both job offers
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<blockquote data-quote="vantexan" data-source="post: 2395525" data-attributes="member: 24302"><p>This is absolutely false. FedEx by law is required to fund it's pension obligations. It can't turn a profit and pass on some of the profit as dividends without first meeting those obligations. And the PBGT has a cap on how much it pays to individuals. It was $47k about 10 years ago, don't know what it is now. That means those expecting larger pensions will only get up to that cap. Those whose pensions are less than the cap aren't affected at all.</p></blockquote><p></p>
[QUOTE="vantexan, post: 2395525, member: 24302"] This is absolutely false. FedEx by law is required to fund it's pension obligations. It can't turn a profit and pass on some of the profit as dividends without first meeting those obligations. And the PBGT has a cap on how much it pays to individuals. It was $47k about 10 years ago, don't know what it is now. That means those expecting larger pensions will only get up to that cap. Those whose pensions are less than the cap aren't affected at all. [/QUOTE]
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