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<blockquote data-quote="MrFedEx" data-source="post: 1450913" data-attributes="member: 12508"><p>Fred got the idea and "justification" for killing the Traditional Plan from the passenger airlines. When they hit hard times and started ending pensions, some strategist at FedEx told Fred that since FedEx is an <em>airline </em>(not), he should kill our pension too. Never mind that FedEx was quite profitable in comparison to the passenger carriers at the time.</p><p></p><p>This was a huge coup for Fred and his minions. Anyone who thinks the PPP/PPA is a true retirement plan needs to have their head examined. We have no pension plan at FedEx Express.</p><p></p><p>And, Mass Wine Guy, there is nothing free at FedEx.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 1450913, member: 12508"] Fred got the idea and "justification" for killing the Traditional Plan from the passenger airlines. When they hit hard times and started ending pensions, some strategist at FedEx told Fred that since FedEx is an [I]airline [/I](not), he should kill our pension too. Never mind that FedEx was quite profitable in comparison to the passenger carriers at the time. This was a huge coup for Fred and his minions. Anyone who thinks the PPP/PPA is a true retirement plan needs to have their head examined. We have no pension plan at FedEx Express. And, Mass Wine Guy, there is nothing free at FedEx. [/QUOTE]
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