1) Anyone have any idea how much a FDX guy retiring this year, had in his "B Plan" account 15 years ago?
"0". The first B plan contributions came with the 1999 contract. The benefits of which were delayed another 6 months+/-, to pay the company back the costs of management's preparation for self-help.
2) How much do you think, maximum, the company has contributed to these old guy's account since the inception of the B plan at FDX?
Approximately $220,000.
"Old guys", have not had the luxury of getting B plan contributions for their entire career. Only from the time, 2000, that they were first able to negotiate the benefit, at 6%(10,200/yr - 2000 IRS max) into our retirement plan.
With that in mind...I don't have a problem with them getting an out the door "kicker". But, once the last guy hired before 2000 leaves...There will be no justification for this type of bonus.