Originally Posted by
FoxHunter
Bumping this thread, and the recommendation to read this book
While it focuses on the reasons and dubious methods companies used to transform their retirement programs, you will quickly see similarities in what is being proposed to FedEx pilots
Allowing FedEx to freeze the current plan, and remove the excess capital funding - then restart with a new plan, funded at just 100%, will be an absolute gift to the company
....especially with the most recent, well above average, gains in the stock market
The company will definitely be “selling high”
And by starting over, we’d be starting by “buying high” as well.
It’s the perfect storm - bad on many levels
...And we are proposing this ourselves???