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The Competition
FedEx Discussions
What Your 2% "Raise" Really Means
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<blockquote data-quote="UnconTROLLed" data-source="post: 642258" data-attributes="member: 18708"><p>I don't see how they killed your pension. Yes, in 2003 FedEx began offering the PPP and in 2007 made it a standard. They also decreased the time to vested to 3 years, which is useful because the Pretend Pension Plan was extended to a broader range of employees, who should not have a long tenure. Also I read life expectancy played a role in the deision. It only made sound business sense for FedEx to make those decisions. </p><p></p><p>Foremost, FedEx offers a 401k match? I'd rather have the 401k match personally. I put 7% of my check in 401k and am not relying on a pension.</p></blockquote><p></p>
[QUOTE="UnconTROLLed, post: 642258, member: 18708"] I don't see how they killed your pension. Yes, in 2003 FedEx began offering the PPP and in 2007 made it a standard. They also decreased the time to vested to 3 years, which is useful because the Pretend Pension Plan was extended to a broader range of employees, who should not have a long tenure. Also I read life expectancy played a role in the deision. It only made sound business sense for FedEx to make those decisions. Foremost, FedEx offers a 401k match? I'd rather have the 401k match personally. I put 7% of my check in 401k and am not relying on a pension. [/QUOTE]
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