Well, it’s finally here! Looks like any employees hired on or after January 1st 2020 new employees will no longer be able to take part in the portable pension. It’s not all bad news though! Starting Jan 1st 2021 Fedex will introduce an all 401k retirement structure with a company match of up to 8%. Existing employees will have the option of keeping the current 3.5 match and their old PPA. Honestly, switching over seems pretty tempting. I won’t be able to get the 6% compensation credit for almost another 10 years and you are only losing 0.5% contribution for much more flexibility, and at least historically much better returns. That being said I will probably stick with the pension. I like the idea of having an asset like this that is mostly insulated from the market, and will be a relatively simple lifetime payment whenever I separate from FedEx.