The ANNUAL FUNDING NOTICE for FedEx Corporation Employee's Pension Plan is published each Sept
The last report was published in Sept 2017, showing the A Funds Target Attainment Percentage of Jun 1, 2016
It appears pilots will need to wait until Sep 2018 to publicly see the results thru "mid-year" 2017.
However in May, each pilot should received their annual, FedEx Corp Employees' Pension Plan Report of Traditional Pension Benefit Accrued Benefit
This is where you will see your "High 5" calculation
Under the proposed Variable Benefit plan, you can kiss this methodology GOODBYE!
Your accrued benefit will be a function of your "career earnings".
Yes - ALL Years Count - Even your LOW ONES!
This change alone is a major disadvantage of the proposed VB plan.
It will decrease a pilots accrued benefit, and will decrease the rate a pilot can increase his accrued benefit as he upgrades
The affect is being masked, by the union saying the current A fund limit cannot be raised at all, without changing to a VB plan
And that market rates of return, will increase your benefit greater than the accrued benefit.
If the later is true, why doesn't the company keep the investment risk and reap those extra returns?