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Quote:

Originally Posted by Sluggo_63 (Post 2423778)

Is there somewhere to see what each year's pensionable earnings are (what the "High-5" is based on). I know we get a letter in the mail every year, but mine is nowhere to be found.

You can call the Retirement center and ask 1-855-604-6221
between 8:00 a.m. and 6:00 p.m., Central time, Monday through Friday

You can run all the different pension scenarios now online, same as the letter they send you. It shows your monthly high five in how it calculates it, if that helps.Hewitt FedEx retirement portal

Go to retirement.fedex.com
You will be redirected to Hewitt's website. Create a login and become enlightened :D. You can see your earnings, get instant retirement calculations and more.

Quote:

Originally Posted by Sluggo_63 (Post 2423778)

Is there somewhere to see what each year's pensionable earnings are (what the "High-5" is based on). I know we get a letter in the mail every year, but mine is nowhere to be found.

I've only been here five years. I've received two letters. The one I got this year seemed like I should have gotten it last year because it only covered through 2015....yes 2015.

It's always been behind like that. The online method allows all current and future scenarios

Sent from my iPhone using Tapatalk

Quote:

Originally Posted by KnightFlyer (Post 2423804)

So I went to the website link you posted to look at my scenario. FYI, I've been here 18 years, currently 45 years old, plan to retire at 60.

My estimate was that I am very near or have my 260K high 5 already as my last 5 years were all between 245-285K. The retirement calculator shows my benefit at age 60 to be $10676/month which calculates out to an avg. high 5 of $256,216.

This is pretty much in line with what I thought except the way they calculate it does not make sense. They are basing the high 5 on year 2015 which they list at 265K then future years 2028, 29, 30, and 31, each of which is projected at $254,019.71. If I actually calculate it based on my last 5 years, the avg. is over $260K.

Wtf, over? Shouldn't the high 5 avg. be based on years already worked and not some years far down the road? This makes no sense. Anyone know what that's about? Attached is a picture of their calculation. Attached is a picture of the online Fedex retirement projection.