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<blockquote data-quote="snackdad" data-source="post: 987345" data-attributes="member: 30266"><p>I have not seen this topic broached here but I would not be surprised if the traditional pension plan one day comes under attack. In some of that last PR media releases about FedEx's financial woes with Express it was mentioned that there are financial pressures on FedEx due to Pension commitments. </p><p></p><p> Here is an article from 2005 to give some perspective. <a href="http://www.nytimes.com/2005/09/18/business/18pensions.html?_r=1&pagewanted=all" target="_blank">http://www.nytimes.com/2005/09/18/business/18pensions.html?_r=1&pagewanted=all</a></p><p></p><p> Most people think, no FedEx would never do that. I would not put anything past them in their ruthless quest for profit. Goldilocks how would feel if your happy feel good company reneged on the promises it had made to you for the past 25+ years?</p><p></p><p> Ask a pilot at United how they feel about this, I know, I had to deliver the news to them in Overnight Letters in 2005.</p><p></p><p><a href="http://www.wsws.org/articles/2005/may2005/unit-m13.shtml" target="_blank">Court approves termination of United Airlines pension plans</a></p><p></p><p><a href="http://www.reuters.com/article/2012/02/29/us-column-americanair-pensions-idUSTRE81S1Z220120229" target="_blank">American Air pension battle may spread | Reuters</a></p></blockquote><p></p>
[QUOTE="snackdad, post: 987345, member: 30266"] I have not seen this topic broached here but I would not be surprised if the traditional pension plan one day comes under attack. In some of that last PR media releases about FedEx's financial woes with Express it was mentioned that there are financial pressures on FedEx due to Pension commitments. Here is an article from 2005 to give some perspective. [url]http://www.nytimes.com/2005/09/18/business/18pensions.html?_r=1&pagewanted=all[/url] Most people think, no FedEx would never do that. I would not put anything past them in their ruthless quest for profit. Goldilocks how would feel if your happy feel good company reneged on the promises it had made to you for the past 25+ years? Ask a pilot at United how they feel about this, I know, I had to deliver the news to them in Overnight Letters in 2005. [url=http://www.wsws.org/articles/2005/may2005/unit-m13.shtml]Court approves termination of United Airlines pension plans[/url] [url=http://www.reuters.com/article/2012/02/29/us-column-americanair-pensions-idUSTRE81S1Z220120229]American Air pension battle may spread | Reuters[/url] [/QUOTE]
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