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FedEx Pension underfunded by $1.5 Billion (On Topic Please)
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<blockquote data-quote="bacha29" data-source="post: 3336183" data-attributes="member: 58386"><p>Brings last weeks announcement into a much clearer perspective. Borrow at the lowest rates that will be seen for quite awhile if ever to fulfill pension funding requirements then use tax savings as they accumulate to service the debt. Use other savings to expand and modernize air facilities minimizing future manpower requirements thereby keeping future legacy employee pension obligations as low as possible while at the same time doing nothing to ignite increased wage demands on the part of contractor drive employees. Any hope for a meaningful increase in terms of spendable pay making it into the hands of the ordinary x employee appear dashed.</p></blockquote><p></p>
[QUOTE="bacha29, post: 3336183, member: 58386"] Brings last weeks announcement into a much clearer perspective. Borrow at the lowest rates that will be seen for quite awhile if ever to fulfill pension funding requirements then use tax savings as they accumulate to service the debt. Use other savings to expand and modernize air facilities minimizing future manpower requirements thereby keeping future legacy employee pension obligations as low as possible while at the same time doing nothing to ignite increased wage demands on the part of contractor drive employees. Any hope for a meaningful increase in terms of spendable pay making it into the hands of the ordinary x employee appear dashed. [/QUOTE]
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FedEx Pension underfunded by $1.5 Billion (On Topic Please)
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