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FedEx Discussions
What Your 2% "Raise" Really Means
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<blockquote data-quote="MrFedEx" data-source="post: 642674" data-attributes="member: 12508"><p>Your 401k match is non-existent until March, 2010, and the amount is piddling compared to other companies. Yes, the PPP was undoubtedly a major coup for FedEx because they slashed retirement costs. The next time you get your "retirement" statement, whip-out a calculator and see how the PPP stacks-up to your old traditional plan. For me, it's almost exactly one-fifth of what I would have received under the old plan.</p><p> </p><p>Also, please tell me how you're going to ever retire on what FedEx is offering? $50 a month and your annuity that you've built-up? What a joke.</p><p> </p><p>FedEx essentially shifted four-fifths of responsibility for retirement back to the employee. <em>You </em>get to fund almost all of your retirement instead of FedEx. Maybe you're all for personal responsibility and the Horatio Alger "free market", but you just had 15% of your compensation pkg go away and you are too ignorant to even be upset about it?</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 642674, member: 12508"] Your 401k match is non-existent until March, 2010, and the amount is piddling compared to other companies. Yes, the PPP was undoubtedly a major coup for FedEx because they slashed retirement costs. The next time you get your "retirement" statement, whip-out a calculator and see how the PPP stacks-up to your old traditional plan. For me, it's almost exactly one-fifth of what I would have received under the old plan. Also, please tell me how you're going to ever retire on what FedEx is offering? $50 a month and your annuity that you've built-up? What a joke. FedEx essentially shifted four-fifths of responsibility for retirement back to the employee. [I]You [/I]get to fund almost all of your retirement instead of FedEx. Maybe you're all for personal responsibility and the Horatio Alger "free market", but you just had 15% of your compensation pkg go away and you are too ignorant to even be upset about it? [/QUOTE]
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