Originally Posted by Sea Pig

They all had an A plan-like, defined benefit retirement program until about 18 months ago, and then it was frozen and replaced with a beefed-up 401K. Now with the company forcasting positive earnings (albeit reduced earnings) for the next year, they are going to suspend the company's contribution? I'd be some PO'ed.

Originally Posted by fdx727pilot

What you are talking about, the Cash Balance Plan, replaced the non-pilot A-plan many years ago. The 401K plan was changed 1-2 years ago, and is the plan referenced in todays news. FDX matches the 1st 1% and half the next 5% of salary that a non-pilot employee contributes. As long as an employee contributes at least 6% of their salary, Fred was matching 3.5%. That is what the average employee loses. Using my SO as an example, that's about $1800 year, plus the 5% salary cut and no merit raise this year.