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When Will You Retire?
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<blockquote data-quote="MrFedEx" data-source="post: 2597178" data-attributes="member: 12508"><p>You're ignorant. That truth must hurt. You get on here and blast people who complain (correctly) that FedEx has crappy retirement and benefit plans, and because <strong>you</strong> have a different set-up because you've been here from the Falcon days, it's all OK.</p><p></p><p>Sorry, but no. Your retirement is crap compared to UPS...simple FACT. The average UPS career driver will get an approximate $5k per month pension. Your Traditional is less than half of that (I know, because I'm not far behind you), and your claimed second "pension" is an outright lie. The PPA is an annuity, dummy.</p><p></p><p>Everyone who hired in after 2004 doesn't have a Traditional pension, which means they don't have a pension at all. The PPA is simply a small cash annuity that is portable in the sense that you take it with you when you quit.</p><p></p><p>Our 401k match is a joke because few people can save enough to max their 401k, so that is a moot issue for most employees. Our high-cost, low-value benefits also cut real pay.</p><p></p><p>Oh, and you and I topped-out in 2 years. They top-out in 10 ill-defined steps that could still take 20 years. I know many 20+ year employees who still have not reached top wage.</p><p></p><p>It's a scam, and you should acknowledge it, but you won't, because you're full of <img src="/community/styles/default/xenforo/smilies/group1/censored2.gif" class="smilie" loading="lazy" alt=":censored2:" title="Censored2 :censored2:" data-shortname=":censored2:" />.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 2597178, member: 12508"] You're ignorant. That truth must hurt. You get on here and blast people who complain (correctly) that FedEx has crappy retirement and benefit plans, and because [B]you[/B] have a different set-up because you've been here from the Falcon days, it's all OK. Sorry, but no. Your retirement is crap compared to UPS...simple FACT. The average UPS career driver will get an approximate $5k per month pension. Your Traditional is less than half of that (I know, because I'm not far behind you), and your claimed second "pension" is an outright lie. The PPA is an annuity, dummy. Everyone who hired in after 2004 doesn't have a Traditional pension, which means they don't have a pension at all. The PPA is simply a small cash annuity that is portable in the sense that you take it with you when you quit. Our 401k match is a joke because few people can save enough to max their 401k, so that is a moot issue for most employees. Our high-cost, low-value benefits also cut real pay. Oh, and you and I topped-out in 2 years. They top-out in 10 ill-defined steps that could still take 20 years. I know many 20+ year employees who still have not reached top wage. It's a scam, and you should acknowledge it, but you won't, because you're full of :censored:. [/QUOTE]
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