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FedEx PPA Going Away
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<blockquote data-quote="Preventable" data-source="post: 4269448" data-attributes="member: 62934"><p>You guys saying they’ll yank the PPA eventually it doesn’t really make much difference honestly, unless you have to contribute like 15% to get the full 8%. Which I would make sure to do, I would maybe just contribute less to espp or my Roth IRA... this actually seems like sort of a dumb move from FeDex unless their main motive is just simplification.</p><p></p><p>Yes in the future they will not have to pay old timers a 8% compensation credit... and not everybody will take advantage of the full match because they are too dumb/not financially disciplined enough... but remember most part timers aren’t eligible for the pension, but as far as I know they will be eligible for the 8% match... so actually from where I stand this is a huge win for part timers.</p></blockquote><p></p>
[QUOTE="Preventable, post: 4269448, member: 62934"] You guys saying they’ll yank the PPA eventually it doesn’t really make much difference honestly, unless you have to contribute like 15% to get the full 8%. Which I would make sure to do, I would maybe just contribute less to espp or my Roth IRA... this actually seems like sort of a dumb move from FeDex unless their main motive is just simplification. Yes in the future they will not have to pay old timers a 8% compensation credit... and not everybody will take advantage of the full match because they are too dumb/not financially disciplined enough... but remember most part timers aren’t eligible for the pension, but as far as I know they will be eligible for the 8% match... so actually from where I stand this is a huge win for part timers. [/QUOTE]
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