Tuck -

Here ya go....straight from the MEC Retirement FAQs published Dec 1, 2017

Q. Who will manage the new plan, FedEx, or some other entity?

A. FedEx will be the plan sponsor and plan administrator of the variable plan, as it is now with the Defined Benefit Plan. We envision that trust management and investment management decisions will be made by a joint ALPA-FedEx fiduciary board. Since a Variable Benefit Pension Plan shifts investment risk to the participants, it is important that the new variable plan provide ALPA with joint and equal governance with FedEx. ALPA will not be the plan administrator or plan sponsor of the variable plan. ALPA will not make investment decisions for the trust, but will instead work with FedEx in the selection of professional fund management in order to maximize fund earning potential and manage costs.

Lets hope they post clear and concise responses to ALL the questions submitted --- especially simple, definitive data that's been used in the modeler.

We're entitled to that as members, right?

In Unity,

DLax