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<blockquote data-quote="vantexan" data-source="post: 1065320" data-attributes="member: 24302"><p>Begging your pardon but the traditional pension was part of our compensation package and was based on how much we earned as well as our time spent working for FedEx.&nbsp; It was an incentive to keep people at the company rather than leaving to work elsewhere for a little more hourly pay.&nbsp; Corporations in general have figured out that with a bad economy and more workers than available work they don&#039;t have to offer such incentives to retain people.&nbsp; In FedEx&#039;s case they know they have to offer something for what they put us through in order to reduce turnover so we still have a reduced pension plan.&nbsp; And THAT&#039;S our buyout.&nbsp; We can can leave at anytime we like, cashing out what&#039;s in the portable pension plan.&nbsp; Sure I&#039;d like to get a buyout now, but the PPP will allow me to leave soon, and with the accelerated option of the traditional pension I&#039;ll not only be able to get by but be able to save more than I do working fulltime.&nbsp; And when Social Security starts at 62, that entire check will go into savings from 62 to 67 when my pension will be greatly reduced.&nbsp; If you stop complaining, and look at what&#039;s available to you, you can still have a decent life.&nbsp; Not a biggest house in the best neighborhood life, but you can have plenty to eat, beautiful weather and scenery, and modern communications to stay in touch and have access to English newspapers, books, even television.&nbsp; If you just make the most of it rather than demanding others provide everything for you, you can have a decent life.</p></blockquote><p></p>

[QUOTE="vantexan, post: 1065320, member: 24302"] Begging your pardon but the traditional pension was part of our compensation package and was based on how much we earned as well as our time spent working for FedEx. It was an incentive to keep people at the company rather than leaving to work elsewhere for a little more hourly pay. Corporations in general have figured out that with a bad economy and more workers than available work they don't have to offer such incentives to retain people. In FedEx's case they know they have to offer something for what they put us through in order to reduce turnover so we still have a reduced pension plan. And THAT'S our buyout. We can can leave at anytime we like, cashing out what's in the portable pension plan. Sure I'd like to get a buyout now, but the PPP will allow me to leave soon, and with the accelerated option of the traditional pension I'll not only be able to get by but be able to save more than I do working fulltime. And when Social Security starts at 62, that entire check will go into savings from 62 to 67 when my pension will be greatly reduced. If you stop complaining, and look at what's available to you, you can still have a decent life. Not a biggest house in the best neighborhood life, but you can have plenty to eat, beautiful weather and scenery, and modern communications to stay in touch and have access to English newspapers, books, even television. If you just make the most of it rather than demanding others provide everything for you, you can have a decent life. [/QUOTE]

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