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FedEx Portable Pension Plan Sucks vs. UPS Plan
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<blockquote data-quote="MrFedEx" data-source="post: 285036" data-attributes="member: 12508"><p>I just got my FedEx PPP statement...WHAT A JOKE!! Over the last 3 years of FT work I have accumulated an astounding $7,000 in cash value and a monthly benefit payout of around $50 per month! Thanks Fred!!</p><p> </p><p>Of course, I can supplement this pittance with our enhanced 401k plan, which will match the first 1% of my wages at 100% (WOW!) and then match up to 5% more (6%max contribution by employee) at a 50% rate. Maybe I can afford to retire in a single-wide down by the city dump if I'm lucky!</p><p> </p><p>What FedEx employees need to do is start a work slowdown, followed by some mass cases of the "Purple Flu" and let these A-holes know just how "pleased" we are by this kind of treatment. Unfortunately, nobody seems to have the stones to do anything because they've seen what's happened to union supporters in the past when the Teamsters left them hanging by their short hairs when the 1996 effort to overturn the RLA classification failed.</p><p> </p><p>Hey Hoffa....just where the hell are you on all of this? You say you want us to go union but I hear ZERO about the Teamsters doing anything about getting FedEx Express out of it's RLA classification. If you want us to risk our careers and go out on a limb to support the Teamsters you need to show us something. NOW would be a good time. You guys talk a good line, but I see nothing in terms of meaningful action.</p><p> </p><p>GO TO HELL Fred S!!!</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 285036, member: 12508"] I just got my FedEx PPP statement...WHAT A JOKE!! Over the last 3 years of FT work I have accumulated an astounding $7,000 in cash value and a monthly benefit payout of around $50 per month! Thanks Fred!! Of course, I can supplement this pittance with our enhanced 401k plan, which will match the first 1% of my wages at 100% (WOW!) and then match up to 5% more (6%max contribution by employee) at a 50% rate. Maybe I can afford to retire in a single-wide down by the city dump if I'm lucky! What FedEx employees need to do is start a work slowdown, followed by some mass cases of the "Purple Flu" and let these A-holes know just how "pleased" we are by this kind of treatment. Unfortunately, nobody seems to have the stones to do anything because they've seen what's happened to union supporters in the past when the Teamsters left them hanging by their short hairs when the 1996 effort to overturn the RLA classification failed. Hey Hoffa....just where the hell are you on all of this? You say you want us to go union but I hear ZERO about the Teamsters doing anything about getting FedEx Express out of it's RLA classification. If you want us to risk our careers and go out on a limb to support the Teamsters you need to show us something. NOW would be a good time. You guys talk a good line, but I see nothing in terms of meaningful action. GO TO HELL Fred S!!! [/QUOTE]
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FedEx Portable Pension Plan Sucks vs. UPS Plan
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