Fedex Pilots proposed retirement plan
#291
Gets Weekends Off
Joined APC: Nov 2016
Posts: 936
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?
#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?
#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.
#295
Line Holder
Joined APC: May 2017
Posts: 89
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.
#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.
#297
Banned
Joined APC: Aug 2012
Position: B-767 FO
Posts: 554
B plan (8% D.C.) is automatically enacted upon employment. 100% vested immediately.
#298
Gets Weekends Off
Joined APC: Mar 2012
Position: Two Wheeler FrontSeat
Posts: 1,162
You think that one guy they’ve been discussing with over the few month, just for some good reason had the answer. The guy is looking out for the best interest of the company he represents.
#299
Gets Weekends Off
Joined APC: Jul 2017
Posts: 121
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?
#300
Gets Weekends Off
Joined APC: Sep 2006
Position: MD11 FO
Posts: 1,110
A plan vesting is 5 years. Normal retirement with no penalty is pension at age 60.
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