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<blockquote data-quote="MrFedEx" data-source="post: 584415" data-attributes="member: 12508"><p>Here's some information that some might find helpful when they consider how wonderful their FedEx retirement plan is and how awful a Teamsters pension would be.</p><p> </p><p>I have a friend who 17 years as a FedEx ops manager in 2 major markets. When he downgraded 3 years ago he was making $114,000 per year. When he retires he will get a whopping $2600 per month retirement payout. That's a bunch less than a UPS package car driver and undoubtedly far, far less than a UPS supervisor. So Fred hasn't been very generous to lower level management either.</p><p> </p><p>Unless you are a pilot or in upper management, you are getting screwed on your retirement, even under the old plan.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 584415, member: 12508"] Here's some information that some might find helpful when they consider how wonderful their FedEx retirement plan is and how awful a Teamsters pension would be. I have a friend who 17 years as a FedEx ops manager in 2 major markets. When he downgraded 3 years ago he was making $114,000 per year. When he retires he will get a whopping $2600 per month retirement payout. That's a bunch less than a UPS package car driver and undoubtedly far, far less than a UPS supervisor. So Fred hasn't been very generous to lower level management either. Unless you are a pilot or in upper management, you are getting screwed on your retirement, even under the old plan. [/QUOTE]
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