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FedEx Express NON-DOT Courier
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<blockquote data-quote="vantexan" data-source="post: 2419172" data-attributes="member: 24302"><p>Doesn't change the fact that FedEx lured employees into the new plan so that they wouldn't have to pay them the extra 4% annually for five years they gave those who were forced into the new plan. Doesn't change the fact that FedEx gave us a "choice" to remain in the traditional pension but they had no intention to honor that choice. You can make the argument that over time if FedEx couldn't remain profitable it would be forced to take strong, even drastic measures to stay solvent. But everything they did points to taking advantage of the marketplace climate against defined benefit pensions to boost profits and thus their stock price. How they did it showcases their dishonesty and greed.</p></blockquote><p></p>
[QUOTE="vantexan, post: 2419172, member: 24302"] Doesn't change the fact that FedEx lured employees into the new plan so that they wouldn't have to pay them the extra 4% annually for five years they gave those who were forced into the new plan. Doesn't change the fact that FedEx gave us a "choice" to remain in the traditional pension but they had no intention to honor that choice. You can make the argument that over time if FedEx couldn't remain profitable it would be forced to take strong, even drastic measures to stay solvent. But everything they did points to taking advantage of the marketplace climate against defined benefit pensions to boost profits and thus their stock price. How they did it showcases their dishonesty and greed. [/QUOTE]
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