Might be just me, but I kind of find it interesting that those most opposed to the PSPP are those with a maxed out Pension already (final modification proposal).

If you've already got 25 years in, PSPP is a modest improvement. Greater gains for those with a lot of years to go.

Whereas those already earning 360+, are under the impression that a change to the FAE to 360 (or greater) will be readily attainable and immediately modify their Pension when they retire in 2023 or 2024.

After all, our previous NC folded like Biff Tannen when they asked the company to modify the FAE and then simply never asked again. (If you believe that, I've got some bottom land for sale...just don't ask me what it's on the bottom of)


Personally, I'm of the opinion that FedEx would like to be out of the Pension business entirely.
I look at what FedEx has done to our non-contract protected fellow employees and extend that thinking to us which makes me tend to believe that Mgt's reported Line in the Sand comment wasn't just a throwaway to make Biff feel better.
In 2007 FedEx modified the Pension Plan from a Traditional One to a Cash balance one (Notional balance in a psuedo Mutual Fund. Sound familiar? Difference is the funding rate was 5% of salary. FedEx called it the Portable Pension Plan)
Last year FedEx eliminated even that with a switch to a 401k plan only.

Shoot, look at the deal with Met Life to transfer the Pension Obligations of 41k FedEx retirees. FedEx actually paid Met Life millions to do so.