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FedEx Discussions
What Your 2% "Raise" Really Means
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<blockquote data-quote="UnconTROLLed" data-source="post: 642593" data-attributes="member: 18708"><p>Again, 3 years in and you get PPP. And the money is available NOW or whenever you leave FedEx, no? Sounds like a good deal for a company and operation that generally will have high turnover ( as UPS does also). PPP costs 1/5 of what the old pension did, again sounds like FedEx made a SMART MOVE cutting costs. Did I say it was a good deal for you, or anyone hired under the old pension plan and then "cut" from the old one? No I did not. Am I missing something, though? It sounds like a smart business move, again, with a high turnover.</p><p></p><p>401k match is pathetic? explain.. we get no 401k match and with pensions probably whittled down to nothing by the time I retire (31 years old), 401k will be all we have.</p></blockquote><p></p>
[QUOTE="UnconTROLLed, post: 642593, member: 18708"] Again, 3 years in and you get PPP. And the money is available NOW or whenever you leave FedEx, no? Sounds like a good deal for a company and operation that generally will have high turnover ( as UPS does also). PPP costs 1/5 of what the old pension did, again sounds like FedEx made a SMART MOVE cutting costs. Did I say it was a good deal for you, or anyone hired under the old pension plan and then "cut" from the old one? No I did not. Am I missing something, though? It sounds like a smart business move, again, with a high turnover. 401k match is pathetic? explain.. we get no 401k match and with pensions probably whittled down to nothing by the time I retire (31 years old), 401k will be all we have. [/QUOTE]
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