Who holds our pensions?

[IVE GOTTA PACKAGE 4U]

One had to be vested for five years to be eligible for the traditional pension. Anyone hired after 2008 isn’t eligible for it regardless.

One of the benefits of being old..

,

 

[UnionStrong]

Pensions disappear all the time, all Express employees get a letter every year saying how funded their pension is, everybody throws it away. A severely downsized company and a massive exodus of employees doesn’t look good for portable.

That’s why the Democrats bailed out the teamsters pension funds around the country.

 

[Nolimitz]

I’ve never heard of anyone‘s pension check who retired from Express being stopped.

Not Fedex, but pensions have gone under. There is a Fed govt. program/ins that covers some of the loss but not 100%

 

[IVE GOTTA PACKAGE 4U]

That’s why the Democrats bailed out the teamsters pension funds around the country.

2008 did a lot of damage

 

[UnionStrong]

2008 did a lot of damage

So did NAFTA and deregulation of the trucking industry

 

[oldngray]

Not Fedex, but pensions have gone under. There is a Fed govt. program/ins that covers some of the loss but not 100%

Home Page | Pension Benefit Guaranty Corporation

www.pbgc.gov

 

[Fred's Myth]

Not Fedex, but pensions have gone under. There is a Fed govt. program/ins that covers some of the loss but not 100%

It wouldn’t be because FedEx went under, because MetLife is now admin of the traditional. Assets were transferred years ago, so FedEx has no skin in the game.

 

[Operational needs]

It wouldn’t be because FedEx went under, because MetLife is now admin of the traditional. Assets were transferred years ago, so FedEx has no skin in the game.

Thank God!

 

[IVE GOTTA PACKAGE 4U]

So did NAFTA and deregulation of the trucking industry

That did a ton of damage also
Especially for the multi-employer plans

 

[UnionStrong]

That did a ton of damage also
Especially for the multi-employer plans

That’s why I don’t consider it a federal bailout, the bastards caused most of the problems. They should have and could have fixed it for far less years ago.

 

[IVE GOTTA PACKAGE 4U]

That’s why I don’t consider it a federal bailout, the bastards caused most of the problems. They should have and could have fixed it for far less years ago.

And the companies are also partially to blame
Everyone kept playing kick the can because they didn't want to come up with little cash up front before it got way too expensive

 

[UnionStrong]

And the companies are also partially to blame
Everyone kept playing kick the can because they didn't want to come up with little cash up front before it got way too expensive

Well, the fund has the money now, let’s see how they manage it.

 

[IVE GOTTA PACKAGE 4U]

Well, the fund has the money now, let’s see how they manage it.

Well with the bailout money they have limited options on how risky they can get


Maybe they should buy some I bonds...

 

[UnionStrong]

Well with the bailout money they have limited options on how risky they can get


Maybe they should buy some I bonds...

I know they have restrictions, and they should. Maybe you could call them with some advice?

 

[burrheadd]

Anyone have a rundown of where pensions are? Are there 3 kinds or just 2?
Portable, traditional, 401k.

Need some info, I'm a little confused

@newgirl hows it going? PM me and let’s get to know each other

 

[burrheadd]

So did NAFTA and deregulation of the trucking industry

That’s how the free market works

 

[UnionStrong]

@newgirl hows it going? PM me and let’s get to know each other

Settle down, Tornado Tom. She’s FedEx

 

[UnionStrong]

That’s how the free market works

Maybe you should give back your pension money? That was the federal government messing with our pension contributions not free market. You’re smart so I know you’re aware of that.

 

[burrheadd]

Settle down, Tornado Tom. She’sFedEx

I got news for ya nothing wrong with that coochie I heard the fedx ladies have a landing strip. UPS hubrats have a jungle

 

[burrheadd]

Maybe you should give back your pension money? That was the federal government messing with our pension contributions not free market. You’re smart so I know you’re aware of that.

Just trying to pull your chain