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Fedex Freight is merging with Express Pension????
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<blockquote data-quote="Artee" data-source="post: 5591718" data-attributes="member: 24351"><p>So this is for the Portable pension and not the traditional pension, that Fedex sent all the liabilities of that to MetLife back in 2018. FedEx is not in charge of the traditional anymore, so them getting their hands on that and buying Bud Lite is out of the question. </p><p></p><p>As far as the portable. they are trying to shut that down anyways, as its not even offered to new hires. probably bundling the Express and Freight pension will allow them to sell that off to another insurance company and FDX can wash their hands of any pension liabilities. You know eventually they will force any employees that did not opt out of the portable when they offered it, into the higher 401k match program here in the next few years.</p></blockquote><p></p>
[QUOTE="Artee, post: 5591718, member: 24351"] So this is for the Portable pension and not the traditional pension, that Fedex sent all the liabilities of that to MetLife back in 2018. FedEx is not in charge of the traditional anymore, so them getting their hands on that and buying Bud Lite is out of the question. As far as the portable. they are trying to shut that down anyways, as its not even offered to new hires. probably bundling the Express and Freight pension will allow them to sell that off to another insurance company and FDX can wash their hands of any pension liabilities. You know eventually they will force any employees that did not opt out of the portable when they offered it, into the higher 401k match program here in the next few years. [/QUOTE]
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Fedex Freight is merging with Express Pension????
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