Originally Posted by
iarapilot
That is very interesting, if true, ATM. I wonder why out leadership has never told us those facts.
Raising the cap affects a very small portion of the FedEx participants. It's affordable. Take a look at MAP-21. It was a law introduced that allows the company to use a higher interest rate based on a 25-year look so they have to fund pensions less to meet FASB requirements in this low interest rate age.
You should have received a pension mailer in just the past week or so. Open it. Look at the funding tables. Federal law is providing the company relief.
The DB is only dead if we allow it to be.