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Fedex Freight is merging with Express Pension????
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<blockquote data-quote="DELACROIX" data-source="post: 5591939" data-attributes="member: 49065"><p>Corporations can merge traditional pension plans. They can transfer total assets from one plan to another or start you in another new plan all together. Your previous vested years are protected under ERISA laws, they cannot steal those promised assets even if they are going out of business. Also they cannot transfer you into an inferior plan on paper, even though it eventually could happen, future benefits are never guaranteed and can change anytime.</p><p></p><p>UPS did recently eliminated any future accruing with their management plans, replacing it with a matching 401k. All those years prior to that shift are guaranteed once they hit that magical 65 age requirement. Their management plans were always well funded and originally set up to reward the higher ups, they will suffer less than the grunts in operations.</p><p></p><p>I do not know how your plans works, do they stop accruing at a certain service level like 25 or 30?</p></blockquote><p></p>
[QUOTE="DELACROIX, post: 5591939, member: 49065"] Corporations can merge traditional pension plans. They can transfer total assets from one plan to another or start you in another new plan all together. Your previous vested years are protected under ERISA laws, they cannot steal those promised assets even if they are going out of business. Also they cannot transfer you into an inferior plan on paper, even though it eventually could happen, future benefits are never guaranteed and can change anytime. UPS did recently eliminated any future accruing with their management plans, replacing it with a matching 401k. All those years prior to that shift are guaranteed once they hit that magical 65 age requirement. Their management plans were always well funded and originally set up to reward the higher ups, they will suffer less than the grunts in operations. I do not know how your plans works, do they stop accruing at a certain service level like 25 or 30? [/QUOTE]
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