Who holds our pensions?
- Thread starter newgirl
- Start date
FedupExpress
Well-Known Member
I'd imagine everything will be scrapped with the merger.
I've never heard of Metlife having something, is there a timeline for this, like under 20 years of service?
If the equity peeps have their way I'm sure it will be.
OK. this was when they sold the pensions to Metlife. got it
Operational needs
Virescit Vulnere Virtus
My traditional retirement stubs come from a company called State Street. I haven’t bothered to see who owns them.
Okay. Quick search…
en.m.wikipedia.org
Okay. Quick search…
State Street Corporation - Wikipedia
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Operational needs
Virescit Vulnere Virtus
The number depends on when you were hired.
State Street sends mine monthly
last I read fedex pension was funded with 25 billion
Can I lose my pension if my company is sold?
In most cases, a workplace pension’s held by a pension fund rather than the employer. Therefore, if the company is sold or even goes bust, your pension won’t be affected. Some employers like the NHS manage their own pensionlast I read fedex pension was funded with 25 billion
That's who UPS used to have their 401K through some years backMy traditional retirement stubs come from a company called State Street. I haven’t bothered to see who owns them.
Okay. Quick search…
View attachment 484804View attachment 484805
State Street Corporation - Wikipedia
FedEx doesn't have anything to do with the traditional pension anymore since they sold that off a few years back.
I suppose if FDX goes bankrupt like United Airlines back in 2002 then they could not pay out the portable.
the 401k is not a pension, but your retirement savings plan which FDX cannot access your money.
What worries you about June 1st? If you don't have any idea what that date means by now and you have no idea what is going on with your money or the FDX pensions you must have been living in Iran the last 10 years.
Fred's Myth
Nonhyphenated American
The pertinent question is, are you VESTED in the portable pension plan. Vested denotes ownership. If vested, then your money is yours, not the company’s, and cannot be taken from you.
Operational needs
Virescit Vulnere Virtus
I’ve never heard of anyone‘s pension check who retired from Express being stopped.
I don't know how the FedEx pension works but if you was not vested you would not get a pension
In any pension plan no matter what company you work for need to have five years accredited service to be vested into a pension
Years ago the time frame was longer than that
Operational needs
Virescit Vulnere Virtus
One had to be vested for five years to be eligible for the traditional pension. Anyone hired after 2008 (I think) isn’t eligible for it regardless.
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oldngray
nowhere special
Does this affect the FedEx accounts?
Ascensus To Acquire Vanguard's Small Business Retirement Plans
Ascensus will acquire Vanguard's small business retirement plans, including their Solo 401k plans, SIMPLE IRAs, and multi-person SEP-IRAs.
thecollegeinvestor.com
I saw they were going to start charging customers more fees now.
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