Thanks for the Fix pinseeker

Newoldguy,

the Money is NEVER in our hands, until the Pension checks are cut.

Whether it's our current A plan or the VB plan. The Company is the sponsor and the $$ just isn't in our hands until after retirement. The Only retirement money that's in our hands is the B plan.

The VB plan is a Pension plan. Covered by ERISA and PBGC.

In the event of a long, or dramatic market down turn, FedEx is still obligated to meet Pension obligations. Barring bankruptcy, and even in Bankruptcy it Still takes Govt agreement to terminate a Pension plan.