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An Appeal To UPSer's From FedEx Drivers
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<blockquote data-quote="MrFedEx" data-source="post: 272717" data-attributes="member: 12508"><p>Isn't auto-enrollment a case of FedEx mandating participation? If only for a limited time, it's still REQUIRED, even if you can get your investment back. Of course it's dumb not to participate in the 401k...I've maxed it out from the get-go. My point is that FedEx has sucessfully shifted the bulk of retirement funding onto the employee, when it should be the other way around. I don't deny that there is a PPP that the company DOES contribute to....I just maintain that it's a joke. Your 401k will become the bulk of your retirement plan, and that's just what the company wants. If you're happy with what's being offered, good for you. The next time you encounter a UPS driver, ask him what his projected monthly payout will be upon retirement. You might be unpleasantly surprised. And if you think the company has your best interests at heart, you are truly delusional. You are simply a number that is disposable at their whim. Go ahead and whip yourself into a froth trying to fulfill the Purple Promise while Fred schemes to make you less of an expense item at the same time. They expect 110% effort on our part, but they don't want to pay for it. It's kind of like buying a Chevette and expecting it to be a Ferrari.</p><p> </p><p>It's obvious we will never agree, and that's fine. Eventually something will happen during your FedEx career when you are on the wrong end of the stick and fully at the mercy of policy. Maybe you'll have to hire a lawyer, or perhaps you'll lose your job over some trivial violation that would be a non-issue elsewhere. </p><p> </p><p>Until about 1985, FedEx had it right. They stayed close to UPS in terms of wages and benefits, and still paid fairly close attention to the PSP philosophy.A union wasn't necessary. Then it changed, and the laser-like focus on profit became paramount. From that point onward, the downward trend against the employee has been accelerating in a free-fall. It's truly demoralizing to see what used to be an excellent company become mediocre. It's probably too late to keep it from truly going into the toilet at this point.</p><p> </p><p>A union is a last resort when upper management is not responsive to it's employees and treats them as a liability instead of an asset. I've been a Teamster before,and it's far from perfect, but something needs to change.</p><p> </p><p>You can be blind as long as you like. Eventually, you'll see the light and wake-up.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 272717, member: 12508"] Isn't auto-enrollment a case of FedEx mandating participation? If only for a limited time, it's still REQUIRED, even if you can get your investment back. Of course it's dumb not to participate in the 401k...I've maxed it out from the get-go. My point is that FedEx has sucessfully shifted the bulk of retirement funding onto the employee, when it should be the other way around. I don't deny that there is a PPP that the company DOES contribute to....I just maintain that it's a joke. Your 401k will become the bulk of your retirement plan, and that's just what the company wants. If you're happy with what's being offered, good for you. The next time you encounter a UPS driver, ask him what his projected monthly payout will be upon retirement. You might be unpleasantly surprised. And if you think the company has your best interests at heart, you are truly delusional. You are simply a number that is disposable at their whim. Go ahead and whip yourself into a froth trying to fulfill the Purple Promise while Fred schemes to make you less of an expense item at the same time. They expect 110% effort on our part, but they don't want to pay for it. It's kind of like buying a Chevette and expecting it to be a Ferrari. It's obvious we will never agree, and that's fine. Eventually something will happen during your FedEx career when you are on the wrong end of the stick and fully at the mercy of policy. Maybe you'll have to hire a lawyer, or perhaps you'll lose your job over some trivial violation that would be a non-issue elsewhere. Until about 1985, FedEx had it right. They stayed close to UPS in terms of wages and benefits, and still paid fairly close attention to the PSP philosophy.A union wasn't necessary. Then it changed, and the laser-like focus on profit became paramount. From that point onward, the downward trend against the employee has been accelerating in a free-fall. It's truly demoralizing to see what used to be an excellent company become mediocre. It's probably too late to keep it from truly going into the toilet at this point. A union is a last resort when upper management is not responsive to it's employees and treats them as a liability instead of an asset. I've been a Teamster before,and it's far from perfect, but something needs to change. You can be blind as long as you like. Eventually, you'll see the light and wake-up. [/QUOTE]
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