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FedEx Discussions
From The Chairman: Peak Strategy 2014
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<blockquote data-quote="Dex01" data-source="post: 1471256" data-attributes="member: 43242"><p>Let me expound further. The reason the 401(k) system has failed is that many employees are forced to dip into their contributions due to unforeseen circumstances, which renders the program useless for its intended purpose. The same goes for the PPP, as most people leaving the company are forced to take a lump sum when they leave Fedex. A national retirement board would force both employers and employees to contribute at least five percent of gross wages, and these funds would not be available to annuitants until full retirement age. I hope this delineates the differences between my idea, and the current "retirement" benefit provided by Fedex.</p></blockquote><p></p>
[QUOTE="Dex01, post: 1471256, member: 43242"] Let me expound further. The reason the 401(k) system has failed is that many employees are forced to dip into their contributions due to unforeseen circumstances, which renders the program useless for its intended purpose. The same goes for the PPP, as most people leaving the company are forced to take a lump sum when they leave Fedex. A national retirement board would force both employers and employees to contribute at least five percent of gross wages, and these funds would not be available to annuitants until full retirement age. I hope this delineates the differences between my idea, and the current "retirement" benefit provided by Fedex. [/QUOTE]
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