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FedEx Discussions
Working at FedEx express or FedEx freight. Both job offers
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<blockquote data-quote="bacha29" data-source="post: 2394860" data-attributes="member: 58386"><p>The company doesn't have to file for bankruptcy. The defined benefit pension plan upon being declared insolvent can be liquidated with the pension obligations shifted to the Pension Benefit Guaranty Trust which pays about 60% of the original benefit. Will it happen? The odds favor that it won't but at the same time if X wants rid of those so called " legacy" costs they will try it if the odds of succeeding look good enough.</p></blockquote><p></p>
[QUOTE="bacha29, post: 2394860, member: 58386"] The company doesn't have to file for bankruptcy. The defined benefit pension plan upon being declared insolvent can be liquidated with the pension obligations shifted to the Pension Benefit Guaranty Trust which pays about 60% of the original benefit. Will it happen? The odds favor that it won't but at the same time if X wants rid of those so called " legacy" costs they will try it if the odds of succeeding look good enough. [/QUOTE]
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