Fedex Pension question

Discussion in 'FedEx Discussions' started by seanxke, Dec 14, 2019.

  1. seanxke

    seanxke New Member

    Hello,

    I just got hired on to FedEx Ground as a package handler will be doing my orientation This Tuesday. I have read that FedEx will be getting rid of the pension for new hires starting in January 2020 and just be doing the 401k thing basically. My question is since I have been hired on before January 2020 am I eligible for a pension in the benefit package once I hit my 1000 hours in the company? I am just asking as It would be the next year then once I would hit the 1000 hours , so I might not be able to get the Pension more than likely with the benefit package? Just the standard health, 401k, and the other things?

    Something I am curious about. It sucks they are stopping the pension. I know UPS has one and the USPS. But I know FedEx is a good company to work for from what I have read and good benefits as well. I was looking for a job with a Pension and I knew FedEx had one but just found out this news a couple weeks back.

    I can't say I am not surprised about this as more and more companies are stopping the pensions and going in the route with 401k.
     
  2. Purplepackage

    Purplepackage Well-Known Member

    For starters, the pension in the terms you are thinking was ended years ago. They switched to a 401k/portable pension which is also now ending.

    Honestly I’m not sure I’d ground employees were ever eligible for the portable pension
     
  3. Cactus

    Cactus Just telling it like it is

    They never were.
     
  4. seanxke

    seanxke New Member

    ok thanks guys. I guess I will just get the traditional package then 401 k, health insurance etc. Oh well was hoping I could get some kind of pension starting at Fedex.
     
  5. Cactus

    Cactus Just telling it like it is

    Traditional package? health insurance?...... at Ground?

    Well, good luck with that.
     
  6. seanxke

    seanxke New Member

    I just meant what you typically get working for FedEx ground package handler position after the 1000 hours. Cactus
     
  7. dezguy

    dezguy Well-Known Member

    I think ground package handlers are actual FedEx employees, are they not?

    As for good benefits, pension, etc. Our benefits, "pension" are far inferior of that of our competitors. I don't know where you read that they're good but, sorry to inform you, that is wrong. That being said, if you're coming from a job with 0 bennies or pension, then it's a good move, I guess.

    Don't get married to working for FedEx. It's easy to get hooked on their purple promise mantra. This is a job, not a career. Don't stop looking for something else that is better.
     
  8. bacha29

    bacha29 Well-Known Member

    At least some of them are third party staffing agency employees. They do have some type of benefit plan.
     
  9. seanxke

    seanxke New Member

    I applied on fedex website so I would be a fedex employee not through a temp agency or anything.
     
  10. UpstateNYUPSer

    UpstateNYUPSer Well-Known Member

    The inside workers are FedEx employees while the drivers are employees of their contractors.
     
  11. Serf

    Serf Well-Known Member

    The Portable Pension was better than nothing, but it's gone now. That was going to be my gravy money in the Philippines.
     
  12. McFeely

    McFeely Huge Member

    It's still there if you were hired before Jan 2020. For now, you'll have the choice to continue with the portable pension as-is, or skip the PP and take the 8% 401k match.
     
  13. Purplepackage

    Purplepackage Well-Known Member

    They aren’t taking it away from you..yet. I would just stick with it until they make you switch
     
  14. Route 66

    Route 66 Slapped Upside-da-Head Member

    Which - using history as a guide - should happen in about roughly 20 minutes or so.
     
    • Like Like x 1
    • Agree Agree x 1
    • List
  15. Unfortunately ground gets nothing
     
  16. MassWineGuy

    MassWineGuy Well-Known Member

    They’re even ending 401(k)’s for Express? That’ll be a big draw for anyone seeking work.
     
  17. seanxke

    seanxke New Member

    do we get a 401k being a fedex ground package handler?
     
  18. McFeely

    McFeely Huge Member

    No.
     
  19. MrFedEx

    MrFedEx Engorged Member

    You get NOTHING!! No soup for you.
     
  20. Purplepackage

    Purplepackage Well-Known Member

    No the 401k is going to be the only option now if hired after January 1 2020