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Thread: The Fedex Freight Pension Plan

  1. #1
    Twice Pipes's Avatar
    Twice Pipes is offline Senior Member
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    The Fedex Freight Pension Plan

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    The Fedex Pension Plan: As most of you know I qualified for the severance buyout and retired on 1-27-2011

    I called the (PSC) Pension Service Center 1-877-7963339 to request my Pension Package. It will take 4 to 6 weeks to process. I received my paperwork the other day and it had several errors in it. I called the PSC to report the errors and they said it will take another 4-6 weeks to process the new paperwork. If the reworked paperwork is correct, then it will still be another month before I receive my first check. To avoid these pitfalls and delays stay current with your Pension information, and update it as necessary. The address is PCS P/O Box 980 Deerfield IL 60015-0980 On line information is available at MyPension.Fedex.Com. You will be asked for your SSN and your pen number to access the web site. If you don't have a pen number then write to the PSC at the address above to receive one. Happy Trails TP

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  3. #2
    leemcabee's Avatar
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    Quote Originally Posted by Twice Pipes View Post
    The Fedex Pension Plan: As most of you know I qualified for the severance buyout and retired on 1-27-2011

    I called the (PSC) Pension Service Center 1-877-7963339 to request my Pension Package. It will take 4 to 6 weeks to process. I received my paperwork the other day and it had several errors in it. I called the PSC to report the errors and they said it will take another 4-6 weeks to process the new paperwork. If the reworked paperwork is correct, then it will still be another month before I receive my first check. To avoid these pitfalls and delays stay current with your Pension information, and update it as necessary. The address is PCS P/O Box 980 Deerfield IL 60015-0980 On line information is available at MyPension.Fedex.Com. You will be asked for your SSN and your pen number to access the web site. If you don't have a pen number then write to the PSC at the address above to receive one. Happy Trails TP
    TY. This is the reason I subscribe to this blog. Real info occasionally leaks out

  4. #3
    Moninja's Avatar
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    877-963-3339 is the number for the fedex freight pension plan.

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    Thanks for the info.

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    If they only vest 3% of your income every year, and add 1% interest per quarter, wouldn't that equal around 15 years worked just to earn a year's worth of pay accumulated into your pension plan? By 30 years maybe closer to 3 years' worth of pay in your pension? Somehow this doesn't seem like alot worth counting on.

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    james1 is offline Junior Member
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    Happy Retirement well deserve!

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    Quote Originally Posted by babyface View Post
    If they only vest 3% of your income every year, and add 1% interest per quarter, wouldn't that equal around 15 years worked just to earn a year's worth of pay accumulated into your pension plan? By 30 years maybe closer to 3 years' worth of pay in your pension? Somehow this doesn't seem like alot worth counting on.
    I've been here 21 years and have almost $21,000 in my FedEx Pension fund at this rate it's going to take longer than that for me to have a years pay, I really don't think I'm going to live that long.

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    Quote Originally Posted by fedupdal

    I've been here 21 years and have almost $21,000 in my FedEx Pension fund at this rate it's going to take longer than that for me to have a years pay, I really don't think I'm going to live that long.
    Are you a former Viking guy? Im an AF guy and my Fedex pension didnt exist until 2006 ( I think) and it has nowhere near what your saying.Im assuming you have a carry over pension or something.

  10. #9
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    Mine has a little over $7,000 in it.

  11. #10
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    I overestimated the amount Fedex pension will actually be. Long as I save all these $30 profit-sharing checks, I may be able to afford to retire around the year Hailey's comet comes back around.


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