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Discussion in 'Fedex Freight' started by Chiggabugg, Jun 3, 2019.
ERISA 1974 outlawed companies borrowing from their pension plans.
But they do have language in the pension book stating they can stop dropping pennies into your jar at any time.
And they'd be fools if they didn't have that language written in just in case.
I keep seeing this that they'll take it away. It's just not true. They can't take what you already have earned but yeah they can stop putting "pennies" in.
Unlike you I am man enough to admit when I'm wrong. I still stand by my stance that the pension is a joke. I'm pretty sure if they took a poll of employees everyone would rather have that money in our 401k........
I for one would rather have the money in a 401 k. The pension will work, if you're in it for 30 years. Most employees over 45 it won't accomplish much for them.
Just ask a legacy employee at ConWay /XPO
I’ve got over $50K in my pension already...that’ll pay for a lot of rounds of golf!!
You could hire a full time ball washer with that...
Not at Augusta
I wonder if our hillbilly goober smoocher is proficient at washing balls too?? I hear he works for nuts!!
How long to accumulate that amount?. Not even close to a full year of wages for I'm guessing 15 to 20 years of service. The FedEx pension is a joke.
Our pension has only been in existence for what...8 to 10 years or so...so that long.
Now ask me about my 401K, that’s where my/our retirement is!!
try 12 years, june 2007 it was started
I personally thought it was 2008 but was told 2010...either way works, wasn’t that important to me to look it up
I don't work for nuts but I bet your ole lady would be all over mine.
I'm still waiting on Red to enlighten us all on his 401k.
It’s invested in a Sun Drop distributor in Florida....