Originally Posted by
FamilyATM
Maybe not $1.5M but how about $1.4M after 23 years and we didn't have a B-plan until 1999.
If I were a new hire in today's world there is no way I would want a define benefit plan. After what has happen to my friends at US Air, Delta and AMR I would want cash in my hand and not a promise to pay.
Just an observation from the other side ...
All of those that you mentioned occurred during a Bankruptcy proceeding. I could be mistaken, but unless FedEx files CH 11, they cannot just terminate your pension plan because they decide it is too expensive.
Your pilot group may be able to negotiate it away and possibly take a payout, but nothing like what happened at US, AMR, DAL, etc ... are foreseeable at FedEx.
Other thoughts ???