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<blockquote data-quote="quadro" data-source="post: 585595" data-attributes="member: 12850"><p>Ok, that's the part that was missing. Retiring at 55 reduces his payment by 15%.</p><p>It's interesting that you say FedEx exploits the information. Not picking on you but why is it when FedEx tries to make sure the information is out there it's exploitation but it's not when UPS or the IBT point stuff out? Things that make you go "hmm?"</p><p>In fairness, a lot of companies have pulled traditional plans. The Pension Protection Act of 2006 really had a lot to do with it. Was it convenient for FedEx and the timing just right? Maybe, maybe not but the PPA required very large sums of money each year to be added to the traditional plans. UPS clearly has the money to do that. Personally, I don't believe that FedEx does. UPS had a 65 year head start to save for that. Just my opinion.</p></blockquote><p></p>
[QUOTE="quadro, post: 585595, member: 12850"] Ok, that's the part that was missing. Retiring at 55 reduces his payment by 15%. It's interesting that you say FedEx exploits the information. Not picking on you but why is it when FedEx tries to make sure the information is out there it's exploitation but it's not when UPS or the IBT point stuff out? Things that make you go "hmm?" In fairness, a lot of companies have pulled traditional plans. The Pension Protection Act of 2006 really had a lot to do with it. Was it convenient for FedEx and the timing just right? Maybe, maybe not but the PPA required very large sums of money each year to be added to the traditional plans. UPS clearly has the money to do that. Personally, I don't believe that FedEx does. UPS had a 65 year head start to save for that. Just my opinion. [/QUOTE]
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