Discussion in 'Fedex Freight' started by sucker666, Mar 27, 2017.
Can anyone tell me how your company paid pension works and when it was put in place?
The current pension is a PPA portable pension account. It has been in place approximately eight years. The contribution level is dependent upon the combined total of age and years of service. I'm not certain but I think the entry level is three percent of gross wages. The upper limit is six percent when age and years of service equal 70.
Yea, I wouldn't concern myself with it too much, it's just gonna be enough for gas and groceries anyway
Shoot that's like $1200 a month...
Beer and cigarettes don't count.
Portable Pension Account Compensation Credits
Age + years of credited service for benefit accrual (as of May 31 of prior plan year)
Compensation credit (based on prior
calendar-year eligible earnings)
Less than 55=3%
55 – 64=4%
65 – 74=5%
75 or over=6%
Didn't those that were at Viking with pension contributions carry over to the FEDEX plan? My contribution years at FEDEX are more than I have with the company unless I add the time with Spartan Express (Viking).
Can't speak to the Viking plan, other than it was said to be superior.
Our resident retired Viking guy will be along shortly, I suspect.
My old Viking plan is seperate from the PPA. It was capped out when we became Fedex Freight. Or when the PPA started??? I better let the retired guy answer...
They switched just before Mike M left.
Where is Twice Pipes, when you need him?
Who needs TP?
PPA started in 2008. Watkins and AF years of service are counted for contribution rate. But of course I will defer to the all knowing ST who will surely pronounce that I hate what I'm talking about.
Hell, I need TP otherwise I gotta resort to using old FedEx issue socks
Black socks, brown socks. They both stink!
If you hate talking so much, why do you never shut up?
Because RC and I know it bothers you.
Still suffering from MPD? Perhaps Father Fred could perform and exorcism and ease your suffering?
Yes, still enjoying MPD.
Would you like to meet the rest of the gang?
I see you're still suffering from C.A.D.