FedEx Freight | Portable pension

[Driverdriver]

Anyone having an issue with the pension calculator not working? I keep getting an error to call when trying to look at numbers.

 

[nasvegas]

Anyone having an issue with the pension calculator not working? I keep getting an error to call when trying to look at numbers.

Biden took your pension. Thanks for shopping.. bye bye now

 

[soochee64]

Anyone having an issue with the pension calculator not working? I keep getting an error to call when trying to look at numbers.

i don't think you can go on it till 7/12

 

[Streaker69]

Biden took your pension. Thanks for shopping.. bye bye now

 

[SwampRatt]

Anyone having an issue with the pension calculator not working? I keep getting an error to call when trying to look at numbers.

I wonder if THIS has anything to do with it. It shouldn't since a lot of people (in the middle) have to make an educated guess, and should want to take a look before making a decision

 

[seabreeze]

Do they have cookouts at union carriers with hot dogs? Asking for my boy smoke and myself.

They did before we went union in 1957, also got a bag of oranges.
But all good things come to an end.

 

[Sparky3013]

Recently checked portable pension account didn't see the annual benefit deposit checked last year it was credited on 5-31-20 has anyone received the annual benefit payment yet?

Our you 65 because FedEx quit’s contributing to the portable pension account when you’re 65 ,you’ll still get interest on the portable account,FedEx says that’s average

 

[Sparky3013]

Our you 65 because FedEx quit’s contributing to the portable pension account when you’re 65 ,you’ll still get interest on the portable account,FedEx says that’s average

Retirement age

 

[SMOKESTACK]

65 , almost dead LTL driver .....

 

[silent trucker]

Our you 65 because FedEx quit’s contributing to the portable pension account when you’re 65 ,you’ll still get interest on the portable account,FedEx says that’s average

They don't quit contributing when you turn 65. That's a myth. I know several drivers who are 65+ and still getting their 6% contribution every year.

 

[Butterdick]

They don't quit contributing when you turn 65. That's a myth. I know several drivers who are 65+ and still getting their 6% contribution every year.

Does everyone get 6%, or does it increase with age and seniority? Or is that the top.

 

[Purplepromised]

Does everyone get 6%, or does it increase with age and seniority? Or is that the top.

Age plus years of service. Goes from 3% to 6%.

 

[screweddaily]

Does everyone get 6%, or does it increase with age and seniority? Or is that the top.

The contribution increases with years of service, the return is set. Theres a diagram on the new retirement paperwork. fedexretirementchoice.com

 

[SwampRatt]

The contribution increases with years of service, the return is set. Theres a diagram on the new retirement paperwork. fedexretirementchoice.com

There is the contribution. Then there is the return. I seem to recall, the return being 1% per quarter. Roughly 4 % annually.

Anyone want to correct me if I'm wrong? I'm too lazy today to look it up.

 

[Butterdick]

The contribution increases with years of service, the return is set. Theres a diagram on the new retirement paperwork. fedexretirementchoice.com

I’ll have to look again, I only paid attention to the payout.

 

[mattbob]

There is the contribution. Then there is the return. I seem to recall, the return being 1% per quarter. Roughly 4 % annually.

Anyone want to correct me if I'm wrong? I'm too lazy today to look it up.

you are correct sir

 

[Big Dave]

you are correct sir

Yep. Paid quarterly so it’s a smidge over 4% a year.

 

[silent trucker]

Yep. Paid quarterly so it’s a smidge over 4% a year.

Thank god for a smidge...

 

[slavenomore]

Because I LOVE hotdogs and will take as many as I can get .
My bud Wauk Joe will eat 24 and take some home for dinner .

Lunch time!
Berks hotdogs.

 

[westdriver]

Dont they stop paying into the pension when you reach 65 ?