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<blockquote data-quote="MrFedEx" data-source="post: 585114" data-attributes="member: 12508"><p>I checked with him (my manager friend) today to be sure, and he's still saying he'll get $2600 at age 55...not 60. These are his figures, not mine, and I never try to spread misinformation...that's Fred's job. I have no reason to doubt this guy...he's very honest.</p><p> </p><p>Yes, it's true that UPS had to dump big bucks into the Central States Fund, a fact that FedEx endlessly exploits. Hopefully, the Teamsters get the hint and clean things up combined with an end to the recession. Fred used ERISA to his advantage. First, because he's very smart and opportunistic, and second, because the timing was perfect. Remember, he pulled this off just as the passenger airlines were going through their gyrations with bankruptcy and pulling the plug on their pension plans. He took advantage of the situation and claimed ERISA as his justification. Don't you remember all the MEM talking heads "explaining" all of it to us hourly dummies?</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 585114, member: 12508"] I checked with him (my manager friend) today to be sure, and he's still saying he'll get $2600 at age 55...not 60. These are his figures, not mine, and I never try to spread misinformation...that's Fred's job. I have no reason to doubt this guy...he's very honest. Yes, it's true that UPS had to dump big bucks into the Central States Fund, a fact that FedEx endlessly exploits. Hopefully, the Teamsters get the hint and clean things up combined with an end to the recession. Fred used ERISA to his advantage. First, because he's very smart and opportunistic, and second, because the timing was perfect. Remember, he pulled this off just as the passenger airlines were going through their gyrations with bankruptcy and pulling the plug on their pension plans. He took advantage of the situation and claimed ERISA as his justification. Don't you remember all the MEM talking heads "explaining" all of it to us hourly dummies? [/QUOTE]
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