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FedEx Portable Pension Plan Sucks vs. UPS Plan
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<blockquote data-quote="paidslave" data-source="post: 285546" data-attributes="member: 10762"><p>Wow, $50 after 3 years not bad.....As some one stated UPS employees get zippo...( VERY TRUE). See how much your co-workers are getting after 10 years since that is when we are vested.. </p><p>Some one stated we are vested after 5 years but it is 10 years in most locals here in Illinois....This is for full time pensions! I My Vested credit report states it is 10 years not 5 so don't get to disturbed FEDEXER! </p><p> </p><p>Let me add though: FEDEX needs to Organize a UNION. But I don't believe many TEAMSTERS Would be happy if you have lots of DRIVERS ready to retire and pull a UNION pension when YOUR company never added a dime to it! Just like this CENTRAL STATES CRAP where many employers never added like UPS did and now they are expecting a TEAMSTER pension when most of it is UPS money! Kind of GLAD UPS bought out CENTRAL STATES union so regular UPS employess/TEAMSTER can get what we earned. CENTAL STATES Companys added crap and now their employees want what UPS employess get.. Doesn't seem fair when half these drivers made fun of the BROWN ZOMBIES as we were called....But I am willing to share as long as the funds don't deteriorate in the interim! Reminds me of Social </p><p>Security for Immigrants! Never put crapola in and want the same benefits.....</p><p> </p><p>I am happy being a TEAMSTER knowing what I'm getting when you retire! Don't let me discourage FEDX from organizing I wish you were a BROTHER TEAMSTER!</p></blockquote><p></p>
[QUOTE="paidslave, post: 285546, member: 10762"] Wow, $50 after 3 years not bad.....As some one stated UPS employees get zippo...( VERY TRUE). See how much your co-workers are getting after 10 years since that is when we are vested.. Some one stated we are vested after 5 years but it is 10 years in most locals here in Illinois....This is for full time pensions! I My Vested credit report states it is 10 years not 5 so don't get to disturbed FEDEXER! Let me add though: FEDEX needs to Organize a UNION. But I don't believe many TEAMSTERS Would be happy if you have lots of DRIVERS ready to retire and pull a UNION pension when YOUR company never added a dime to it! Just like this CENTRAL STATES CRAP where many employers never added like UPS did and now they are expecting a TEAMSTER pension when most of it is UPS money! Kind of GLAD UPS bought out CENTRAL STATES union so regular UPS employess/TEAMSTER can get what we earned. CENTAL STATES Companys added crap and now their employees want what UPS employess get.. Doesn't seem fair when half these drivers made fun of the BROWN ZOMBIES as we were called....But I am willing to share as long as the funds don't deteriorate in the interim! Reminds me of Social Security for Immigrants! Never put crapola in and want the same benefits..... I am happy being a TEAMSTER knowing what I'm getting when you retire! Don't let me discourage FEDX from organizing I wish you were a BROTHER TEAMSTER! [/QUOTE]
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FedEx Portable Pension Plan Sucks vs. UPS Plan
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