FedEx is instructing managers to portray the FedEx Pension Plan as rock-solid and the Teamster's Pension Plans as weak and under-funded. On one hand, this is true. FedEx Pension Plans are fully funded. BUT, even if you have 25 years in under the extinct Traditional Plan, your monthly payout will be less than half that of a 25-year UPS driver. AND, if you are under the new PPP, you will have a miniscule monthly payout which isn't a pension at all. It's easy to fully fund a pension plan that sucks, and that's the part FedEx is forgetting to tell you. They'd rather not compare the pittance you'll receive from them to a genuine livable retirement plan that won't force you to live in your car. If you hired-on in 2004 or after, you've always been under the PPA anyway, which means you have a WORTHLESS plan. Let's say you started in 2000, which means you have 8 years under the old plan (or 16% at 2% per year) and 2 years under the pathetic PPA. As you continue under the PPA you will eventually realize that you will never have a monthly payout that will allow for a comfortable retirement. Your small yearly annuity will grow, but it will also never be adequate for retirement purposes. In other words, you don't really have a retirement plan at all, and that's why it's easy for FedEx to fully fund the expired Traditional Plan and the new PPA. More lies and fact-twisting from the masters of the art.