Originally Posted by
kronan
After reading various posts, absolutely boggles the mind....
FedEx ALPA is going to siphon off Pension funds to start the VB. No idea where that one's coming from. But the Feds pay pretty close attention to Pension Assets these days. FedEx (who is the current Plan sponsor and would be the Plan Sponsor for the VB Plan) doesn't get to just move $$ around to make better use of it. Once the $$ goes into the Pension Books, well, it stays there until it is distributed to those of us who've earned a pension.
Used to be a lot more trust and a whole lot less oversight, but those days are long gone.
After reading your posts, absolutely boggles the mind....
Have you asked Alpa about this being retro active?
Funny, why would they not advertise the plan to make the VB Retro? And how they plan to do that?
BTW, I did ask Alpa.
