Fedex Pilots proposed retirement plan
10-16-2017, 09:11 AM
#291
Gets Weekends Off
Joined APC: Nov 2016
Posts: 936
Originally Posted by busdriver12
Okay then, that clarifies things for us.
On another note, I still am curious where the specifics of this proposed retirement change is. I have viewed the last videos and didn't see any specifics. Is the information coming from hubturn meetings, or is there an email that I missed?
On another note, I still am curious where the specifics of this proposed retirement change is. I have viewed the last videos and didn't see any specifics. Is the information coming from hubturn meetings, or is there an email that I missed?
10-16-2017, 09:39 AM
#293
Gets Weekends Off
Joined APC: Jul 2012
Position: 767 FO
Posts: 279
I’ve got 25+ years left, but I’d take a 25% raise and fund my own retirement.
Point being that everyone’s calculus is very different. We’ve got a good thing going, why risk it for the possibility of a slightly better return?
Point being that everyone’s calculus is very different. We’ve got a good thing going, why risk it for the possibility of a slightly better return?
10-16-2017, 10:16 AM
#294
Line Holder
Joined APC: Mar 2008
Posts: 94
APC Profile page says 401K up to $500/yr, then below it says 401K matching: yes.
Assuming $18K (+$6K over 50) annual limit.
Can someone plse clarify "up to $500/yr" and "matching yes" for the current 401K program?
What's difference between A & B fund 2%/8%?
Have been Mil exposed only to TSP, getting ready for the transition to FedEx retirement plans.
Assuming $18K (+$6K over 50) annual limit.
Can someone plse clarify "up to $500/yr" and "matching yes" for the current 401K program?
What's difference between A & B fund 2%/8%?
Have been Mil exposed only to TSP, getting ready for the transition to FedEx retirement plans.
10-16-2017, 10:34 AM
#295
Line Holder
Joined APC: May 2017
Posts: 89
Originally Posted by KODI3
APC Profile page says 401K up to $500/yr, then below it says 401K matching: yes.
Assuming $18K (+$6K over 50) annual limit.
Can someone plse clarify "up to $500/yr" and "matching yes" for the current 401K program?
What's difference between A & B fund 2%/8%?
Have been Mil exposed only to TSP, getting ready for the transition to FedEx retirement plans.
Assuming $18K (+$6K over 50) annual limit.
Can someone plse clarify "up to $500/yr" and "matching yes" for the current 401K program?
What's difference between A & B fund 2%/8%?
Have been Mil exposed only to TSP, getting ready for the transition to FedEx retirement plans.
The A fund is a defined benefit plan, where you get a payout until you die, based on how much you earned.
The B fund is a defined contribution plan. Eight percent of your gross income is deposited into a retirement account, which you may invest as you wish.
10-16-2017, 10:56 AM
#296
Line Holder
Joined APC: Mar 2008
Posts: 94
Are the A&B plans automatically enacted upon employment?
How many years until vested?
If you r vested at say, 5 yrs, what age would you have to wait until eligible to withdraw funds?
Thank you for helping me understand the program.
How many years until vested?
If you r vested at say, 5 yrs, what age would you have to wait until eligible to withdraw funds?
Thank you for helping me understand the program.
10-16-2017, 11:47 AM
#297
Banned
Joined APC: Aug 2012
Position: B-767 FO
Posts: 554
Originally Posted by KODI3
Are the A&B plans automatically enacted upon employment?
How many years until vested?
If you r vested at say, 5 yrs, what age would you have to wait until eligible to withdraw funds?
Thank you for helping me understand the program.
How many years until vested?
If you r vested at say, 5 yrs, what age would you have to wait until eligible to withdraw funds?
Thank you for helping me understand the program.
10-16-2017, 03:13 PM
#298
Gets Weekends Off
Joined APC: Mar 2012
Position: Two Wheeler FrontSeat
Posts: 1,162
Originally Posted by Fdxlag2
Because moron, the FDX MEC is simply trying to negotiate with the company to improve benefits for the members. That is their charter. You think they are wrong to do so.
10-16-2017, 08:14 PM
#299
Gets Weekends Off
Joined APC: Jul 2017
Posts: 121
Originally Posted by busdriver12
Okay then, that clarifies things for us.
On another note, I still am curious where the specifics of this proposed retirement change is. I have viewed the last videos and didn't see any specifics. Is the information coming from hubturn meetings, or is there an email that I missed?
On another note, I still am curious where the specifics of this proposed retirement change is. I have viewed the last videos and didn't see any specifics. Is the information coming from hubturn meetings, or is there an email that I missed?
10-16-2017, 08:26 PM
#300
Gets Weekends Off
Joined APC: Sep 2006
Position: MD11 FO
Posts: 1,109
Originally Posted by KODI3
Are the A&B plans automatically enacted upon employment?
How many years until vested?
If you r vested at say, 5 yrs, what age would you have to wait until eligible to withdraw funds?
Thank you for helping me understand the program.
How many years until vested?
If you r vested at say, 5 yrs, what age would you have to wait until eligible to withdraw funds?
Thank you for helping me understand the program.
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