FedEx transfers pension to Met Life
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Gets Weekends Off
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The article stated that FedEx is buying an annuity for the $6 billion in pension obligations. All that they did was transfer risk to MetLife on that $6 billion.
So why would we want to take on the risk if FedEx is willing to pay someone else to take it? Remember, with the VB plan, FedEx still controls the investments.
So why would we want to take on the risk if FedEx is willing to pay someone else to take it? Remember, with the VB plan, FedEx still controls the investments.
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