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WOW!! A Fully-Funded Pension
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<blockquote data-quote="FedEx2000" data-source="post: 735008" data-attributes="member: 13621"><p>Pension plans are not meant to be your sole source of income in retirement, so acting like you are banking your entire future on it would be stupid in the first place. It's not 1950 anymore, no company is going to pay you as much or more with a pension than you actually made in a year anymore....ala GM....with the exception of some government pensions. That's what 401k (with a company match), IRA's, and the $5/month we'll be lucky to get from Social Security (Assuming the gov. doesn't spent it on the proposed $165B Union pension bailout plan) is for. I'm sure I'll get some argument about how FedEx doesn't pay enough to allow you to participate in any of these things, that's complete BS. The fake scenario that MrFedEx proposed in the original post to this thread is identical to my situation. If you feel that you can't participate in these plans, then maybe one should look at their priorities and reallocate money to the necessary channels to provide for a comfortable retirement for themselves. If you choose to live above your means, that is not FedEx's fault. I worked FT hours as a PTer, by my choice, while i put myself through college with reimbursement from FedEx. I own a house, a car, and more than enough material crap to enjoy myself. Good for me right? My point is that one can easily make enough money at FedEx to have a more than comfortable life. Get over the pension already, yeah the new one sucks compared to the old one, but MrFedex----this is probably the 100th thread you have started on this exact same topic. </p><p></p><p>There is no rule/law that FedEx has to pay the same as UPS. We may do the same job, but not as much work. Many UPS drivers do almost double the stops of an Express courier....so 1/2-2/3 of the pay is about right.</p></blockquote><p></p>
[QUOTE="FedEx2000, post: 735008, member: 13621"] Pension plans are not meant to be your sole source of income in retirement, so acting like you are banking your entire future on it would be stupid in the first place. It's not 1950 anymore, no company is going to pay you as much or more with a pension than you actually made in a year anymore....ala GM....with the exception of some government pensions. That's what 401k (with a company match), IRA's, and the $5/month we'll be lucky to get from Social Security (Assuming the gov. doesn't spent it on the proposed $165B Union pension bailout plan) is for. I'm sure I'll get some argument about how FedEx doesn't pay enough to allow you to participate in any of these things, that's complete BS. The fake scenario that MrFedEx proposed in the original post to this thread is identical to my situation. If you feel that you can't participate in these plans, then maybe one should look at their priorities and reallocate money to the necessary channels to provide for a comfortable retirement for themselves. If you choose to live above your means, that is not FedEx's fault. I worked FT hours as a PTer, by my choice, while i put myself through college with reimbursement from FedEx. I own a house, a car, and more than enough material crap to enjoy myself. Good for me right? My point is that one can easily make enough money at FedEx to have a more than comfortable life. Get over the pension already, yeah the new one sucks compared to the old one, but MrFedex----this is probably the 100th thread you have started on this exact same topic. There is no rule/law that FedEx has to pay the same as UPS. We may do the same job, but not as much work. Many UPS drivers do almost double the stops of an Express courier....so 1/2-2/3 of the pay is about right. [/QUOTE]
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