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The Competition
FedEx Discussions
The Future of Defined Benefits
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<blockquote data-quote="Meat" data-source="post: 5564972" data-attributes="member: 61324"><p>Will the merger affect the traditional pension?</p><p></p><p>As others have pointed out, a portion of plan’s assets were sold to MetLife some time back, but it’s my understanding that only accounted for approximately 20 percent of the total. </p><p></p><p>I believe the remaining amount is underfunded by approximately 10 percent at this time.</p><p></p><p>Does the merger further endanger the portion of the benefit still under FedEx’s control?</p><p></p><p>What would a potential buyout look like?</p></blockquote><p></p>
[QUOTE="Meat, post: 5564972, member: 61324"] Will the merger affect the traditional pension? As others have pointed out, a portion of plan’s assets were sold to MetLife some time back, but it’s my understanding that only accounted for approximately 20 percent of the total. I believe the remaining amount is underfunded by approximately 10 percent at this time. Does the merger further endanger the portion of the benefit still under FedEx’s control? What would a potential buyout look like? [/QUOTE]
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