I think we need to look at this another way. I agree with Sleepy on having heard our DB is lumped in with managements. Back in 2002 or so, I believe the company offered all employees the option to keep their DB plan or swap to a cash balance plan. Anyone hired after that date was put in the cash balance plan.

Now the company has forced all employees into the cash bal plan for any future benefits. Both of these actions have helped the CBA guys..(us). FedEx's pension liabilities have not been increasing since 2002. I only mean this in the sense that no new people are being added to the system. Now the liabilities probably get smaller every year as people no longer take from the pot. (die)

Should the company stay solvent the money required of them to put into the DB plan would continually get smaller as fewer and fewer people are covered.


Sleepy also makes another good point about the IRS limits on DC plans. If you max out your 401K and are a NB capt or higher your also getting about 15k in the B plan. Add in sick buy back and you've hit the limits. So, an increase in the B plan, or 401K match, etc, would then cut off your sick buy back. But then they would just cut us a check for the sick buyback if we went over the limits.


Just a few thoughts.

Past...