Originally Posted by
FDXLAG
No but if he can put 10% of the next 5 years 100K into a good 401K he can recover a lot of it and it is his money. Or his trophy wife's money if he (or fred) keels over at 61. Defined Benefit plans are going away I am glad FEDEX is taking positive financial step to improve their bottom line 15-20 years from now.
What your missing here is that the
10% you are refferring to is out of his salary...............The A plan was differed compensation that the company just took away.
With his A plan (the old one) he still could have put a that extra 10% you are talking about...............
Bottom line it is a mjor screw job for the Fedex employeess......