Got a notice about a settlement for ERISA claims that was originally part of the IC class action in 2006. It is a national settlement that you need to opt out of and it looks like if you opt out, you lose your right to make any claim forever. The settlement goes from 2001-2007 for most contractors. HUUUUUUUUGE settlement. $3.26 for every month you personally drove if you were a ground or HD contractor during the period. If you died during that period, your family will get more due to life insurance that should have been in force. Contractors in Arkansas, Florida, and Indiana get nothing.
The attorneys from my state had told me that the ERISA claims had been dropped years ago. To me, it is obvious that again, the attorneys want to settle because they might get nothing if the case went to court and they lost. So they get millions now, being paid just for keeping the case alive, and get most of what they would get if they went ahead and won in court while the average driver is reportedly getting less than $200. I guarantee you that Fedex would have spent a lot more on benefits than $3.26 per month on benefits, so they again benefit greatly from the settlement and made millions illegally with their phony contractor scam. They avoided all Social security taxes and other FICA taxes that would have been due on GROSS payments to drivers, and now get off with this pitiful payment for benefits lost by drivers. Not only did drivers lose the tax payments that fedex owed, they also had to pay more themselves. At least the attorneys got paid every dime they 'earned.'
The attorneys from my state had told me that the ERISA claims had been dropped years ago. To me, it is obvious that again, the attorneys want to settle because they might get nothing if the case went to court and they lost. So they get millions now, being paid just for keeping the case alive, and get most of what they would get if they went ahead and won in court while the average driver is reportedly getting less than $200. I guarantee you that Fedex would have spent a lot more on benefits than $3.26 per month on benefits, so they again benefit greatly from the settlement and made millions illegally with their phony contractor scam. They avoided all Social security taxes and other FICA taxes that would have been due on GROSS payments to drivers, and now get off with this pitiful payment for benefits lost by drivers. Not only did drivers lose the tax payments that fedex owed, they also had to pay more themselves. At least the attorneys got paid every dime they 'earned.'