Fedex Pension question

[seanxke]

You get NOTHING!! No soup for you.

?

 

[Cactus]

If Fred had his way he’d eliminate wages too.

 

[Cactus]

?

 

[Serf]

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.

Well, yes. I'd opt to stick with the PPA until they yank it away. Which judging by history is a couple years away.

 

[dezguy]

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

Oh? How long have you been working for FedEx?

 

[It will be fine]

Oh? How long have you been working for FedEx?

He’s correct, so not sure why it matters.

 

[MrFedEx]

If Fred had his way he’d eliminate wages too.

Yes, he would. He's the greatest.

 

[fedx]

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.

Just keep this in mind, the 8% match is not guaranteed. It might be that now to draw people out of the pension, but a few years from now "business needs" might force them to drop the match down to 5% or whatever. The pension is pretty much guaranteed, but that 8% match is not.

 

[MAKAVELI]

Just keep this in mind, the 8% match is not guaranteed. It might be that now to draw people out of the pension, but a few years from now "business needs" might force them to drop the match down to 5% or whatever. The pension is pretty much guaranteed, but that 8% match is not.

Classic bait and switch.

 

[MrFedEx]

Just keep this in mind, the 8% match is not guaranteed. It might be that now to draw people out of the pension, but a few years from now "business needs" might force them to drop the match down to 5% or whatever. The pension is pretty much guaranteed, but that 8% match is not.

Bravo Zulu, sir!! You clearly understand Fred S. Following are just a few of the takeaways during my tenure at FedEx:

1. Profit sharing
2. Jumpseat
3. Discount stock purchase plan
4. Decent affordable medical care
5. Traditional Pension Plan
6. Two-year topout
7. No layoff policy
8. Safe Driving/Roadeo
9. Family Briefing

Feel free to add more because I know I've missed some.

 

[MrFedEx]

Classic bait and switch.

With Smith, it's bait, bait, bait, bait,...... and then switch. It's a 10-Step Bait and Switch Progression Plan (10SBASPP).

 

[It will be fine]

Bravo Zulu, sir!! You clearly understand Fred S. Following are just a few of the takeaways during my tenure at FedEx:

1. Profit sharing
2. Jumpseat
3. Discount stock purchase plan
4. Decent affordable medical care
5. Traditional Pension Plan
6. Two-year topout
7. No layoff policy
8. Safe Driving/Roadeo
9. Family Briefing

Feel free to add more because I know I've missed some.

Have there been layoffs? I’ve never seen any.

 

[bacha29]

Have there been layoffs? I’ve never seen any.

Covered up by the influx of part time employees.

 

[MAKAVELI]

Have there been layoffs? I’ve never seen any.

Layoffs through attrition. That's how Fredex does it.

 

[MrFedEx]

Have there been layoffs? I’ve never seen any.

There were some people laid-off during the Great Recession. I believe most were offered jobs that they either wouldn't or couldn't take, but we had some administrative people have their jobs "eliminated". Technically, not a lay-off, but essentially the same thing.

 

[It will be fine]

Layoffs through attrition. That's how Fredex does it.

That’s not a layoff. Keeping people employed when their job is no longer needed is pretty employee friendly. Choosing not to fill that position after they leave is a good decision.

 

[Fred's Myth]

Have there been layoffs? I’ve never seen any.

I understand the call center had layoffs.

 

[MAKAVELI]

There were some people laid-off during the Great Recession. I believe most were offered jobs that they either wouldn't or couldn't take, but we had some administrative people have their jobs "eliminated". Technically, not a lay-off, but essentially the same thing.

The end result is the same. Ttku......

 

[Operational needs]

The end result is the same. Ttku......

Layoffs aka displaced.

 

[vantexan]

Layoffs aka displaced.

Dis place have too many employees.