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FedEx Pension lies
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<blockquote data-quote="vantexan" data-source="post: 1518397" data-attributes="member: 24302"><p>You bring up a good point, the current system is unfair to employees who start later in life. A 25 yr old qualifies at 50 for the highest percentage, 9%, contribution to the portable pension. A 40 year old would have to work until 58 to qualify. Used to be a 40 year old could get a full traditional pension at 65, and would reach better pay much sooner. Now at 58 he probably wouldn't even be at the midpoint of range. For this plan to amount to anything at all one must start very young and work until full Social Security retirement age, and who knows where SS will be in 40+ years.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1518397, member: 24302"] You bring up a good point, the current system is unfair to employees who start later in life. A 25 yr old qualifies at 50 for the highest percentage, 9%, contribution to the portable pension. A 40 year old would have to work until 58 to qualify. Used to be a 40 year old could get a full traditional pension at 65, and would reach better pay much sooner. Now at 58 he probably wouldn't even be at the midpoint of range. For this plan to amount to anything at all one must start very young and work until full Social Security retirement age, and who knows where SS will be in 40+ years. [/QUOTE]
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