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FedEx Discussions
FedEx Portable Pension Plan Sucks vs. UPS Plan
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<blockquote data-quote="MemphisFedexer" data-source="post: 320986" data-attributes="member: 14670"><p>Only if you kick in $60 first. That is in the 401k. They put anywhere from 5 to 13% in the Portable Pension Account depending on age and length of service. That pays a fixed percentage interest rate. It has never been as high as 5% and is currently about 4.75. If inflation is 3% and your money is getting 4% then in 20-30 years you will just about break even. So if they put in $3000 now, in 20 years, taking inflation into account, it will be worth just a shade over $3000. Some plan, huh?</p></blockquote><p></p>
[QUOTE="MemphisFedexer, post: 320986, member: 14670"] Only if you kick in $60 first. That is in the 401k. They put anywhere from 5 to 13% in the Portable Pension Account depending on age and length of service. That pays a fixed percentage interest rate. It has never been as high as 5% and is currently about 4.75. If inflation is 3% and your money is getting 4% then in 20-30 years you will just about break even. So if they put in $3000 now, in 20 years, taking inflation into account, it will be worth just a shade over $3000. Some plan, huh? [/QUOTE]
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FedEx Portable Pension Plan Sucks vs. UPS Plan
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