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<blockquote data-quote="vantexan" data-source="post: 3695214" data-attributes="member: 24302"><p>For a considerable number of years they were giving very small raises while they used their resources to build Ground infrastructure. They appear to be past that now and have implemented the step progression. You start on step 1 and 9 years later reach step 10 with an annual raise. The pension plan is a cash balance plan, paid by the company, officially called the Portable Pension Plan. As Operational Needs pointed out you need to also take full advantage of the 401k plan so that along with the PPP and hopefully Social Security you can have a decent retirement. A perk of FedEx you won't get at UPS is the ability to transfer. So topping out in 9 years will allow you to have decent income to live in some nice places if you so choose. It sounds like you live in a very expensive place with a $32hr top out so transferring would mean a cut in pay but also a significant cut in costs. Have you considered trucking?</p></blockquote><p></p>
[QUOTE="vantexan, post: 3695214, member: 24302"] For a considerable number of years they were giving very small raises while they used their resources to build Ground infrastructure. They appear to be past that now and have implemented the step progression. You start on step 1 and 9 years later reach step 10 with an annual raise. The pension plan is a cash balance plan, paid by the company, officially called the Portable Pension Plan. As Operational Needs pointed out you need to also take full advantage of the 401k plan so that along with the PPP and hopefully Social Security you can have a decent retirement. A perk of FedEx you won't get at UPS is the ability to transfer. So topping out in 9 years will allow you to have decent income to live in some nice places if you so choose. It sounds like you live in a very expensive place with a $32hr top out so transferring would mean a cut in pay but also a significant cut in costs. Have you considered trucking? [/QUOTE]
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