The way the company press release reads, you'd think this change to the company's retirement plan is the best thing since sliced bread for the average employee. It looks like what is actually going on is a cost reduction for the company for its pension obligations. I would love to know what the net effect will be on the average mechanic's (and other Fedex employees) annual retirement income. Anyone smart on a retirement restructuring like this? Anyone think the average employee will understand the implications of today's action on their retirement?
Last edited by hyperone; 02-27-2007 at 12:00 PM.