FedEx - Other Retirement Improvement Options
#101
You have to read this book to start to understand.
Retirement Heist
https://www.amazon.com/Retirement-He.../dp/1591843332
Retirement Heist
https://www.amazon.com/Retirement-He.../dp/1591843332
Agreed, this is an eye opener. Very good read and there are some definate similarities between what the company's (who have greatly benefitted from these retirement plan 'modernizations') advisers/actuaries maintain and what we are hearing from the MEC advocates of this VB deal.
The cruel twist is, the VB advocates are our guys...and the lack of willingness on thier part to be completely open about the numbers, especially the evasive floor concept, is bordering on dishonesty. Maybe I'm wrong, maybe they just don't have any idea yet and don't want to admit that...
#103
#105
Gets Weekends Off
Joined APC: Nov 2016
Posts: 936
They have chosen a specific path and they are trying to convince us it is the correct one. They should be educating us about why we can’t persue improvements to our current A Plan.
#106
There are many ideas out there that don’t involve freezing & then restarting with a variable model.
Admittedly, I don’t believe the company will agree to reindex the cap to 1999 equivalent rates or the current full IRS cap; however; I do believe they’d be open to tweeks in the cap that could be indexed to other pay metrics, and extended YOS multipliers
Combining such tweeks with B fund improvements can avoid almost all of the negative aspects associated with the “freeze DB / restart with VB” course we seemed to be locked into
Doesn’t our radar have a wider beam width?
#107
Gets Weekends Off
Joined APC: Nov 2016
Posts: 936
...or researching ways to improve it.
There are many ideas out there that don’t involve freezing & then restarting with a variable model.
Admittedly, I don’t believe the company will agree to reindex the cap to 1999 equivalent rates or the current full IRS cap; however; I do believe they’d be open to tweeks in the cap that could be indexed to other pay metrics, and extended YOS multipliers
Combining such tweeks with B fund improvements can avoid almost all of the negative aspects associated with the “freeze DB / restart with VB” course we seemed to be locked into
Doesn’t our radar have a wider beam width?
There are many ideas out there that don’t involve freezing & then restarting with a variable model.
Admittedly, I don’t believe the company will agree to reindex the cap to 1999 equivalent rates or the current full IRS cap; however; I do believe they’d be open to tweeks in the cap that could be indexed to other pay metrics, and extended YOS multipliers
Combining such tweeks with B fund improvements can avoid almost all of the negative aspects associated with the “freeze DB / restart with VB” course we seemed to be locked into
Doesn’t our radar have a wider beam width?
#108
#109
Most ppl are not proposing a bump in A-plan. Most are saying go with a maxed out B-plan with cash over cap. It’s a know quantity and not some new fangled bull****. Why do some one off retirement plan. Seems stupid...no is stupid.
#110
Gets Weekends Off
Joined APC: Mar 2017
Posts: 100
Yep. Company wants to kill it because it is expensive. Why would they improve it UNLESS we give them something that will save them an equal amount of money. What are you willing to give up?
Thread
Thread Starter
Forum
Replies
Last Post