Perhaps I was over stating.. My bad. It appears there are many that use the Union and Management positions to hide from the line. His name always seems to appear on every ballot and I made an assumption.

I don’t care about MLB. Do they have an A plan?

Yes they do have an A plan in addition to the VBP. Which is another great question why we want to give up our A plan.

1. About that MLB pension...

Do about 5 minutes of reading in their literature. They do not have a VB plan at all.

Their pensions benefits are composed of a monthly check that is:
85% fixed - identical to our traditional "A fund"
15% variable - able to be invested in mutual funds

reference - http://www.mlb.com/mlb/official_info...sion-print.pdf

There are no pancakes, hurdle rates, stabilization funds, or setting of share prices. It is MLB's problem to perform and does not resemble our VB fund in any way shape or form.

When I heard that a lot of "high wage earners like the MLB have this VB plan", I stuck my chest out real far and went for the bait of being compared to them.

2. I then took a look at the unions who actually have a VB plan that are noted in our VB propaganda and what their monthly pension paychecks are (Master Mates and pilots of Baltimore, New York Newspaper Guild, Hotel and Restaurants of Boston, and Alaska building trades). These guys make HUNDREDS OF DOLLARS A MONTH FOR PENSIONS - NOT ELEVEN THOUSAND A MONTH. We will be the crown jewel for Cheiron or whoever ends up managing our shell of a retirement. And we will be guinea pigs as the FIRST ACTUAL HIGH WAGE EARNERS voluntarily taking pension risk away from their employer.

3. Cheiron is quoted in a dozen articles I read touting the benefits of the VB plan FOR DISTRESSED AND STRUGGLING PENSION FUNDS. But it is absolutely insane for us to give away a healthy pension fund. As an aside - I have no problem with them selling us on this product - it is their livelihood. But I do have a problem with us not being properly informed while spending untold sums of money on this research project turned vote.

4. If you want to feel better about the state of our pension and the gains that could be made through actual negotiations, take ANOTHER 5 MINUTES and read our IRS Form 5500. It shows the number of active retired and departed participants, our life expectancies, retirement ages, FUNDS INVESTED IN, funding percentages, and any other questions you could possible have. Read it over and see if pancakes and need-to-be-negotiated stabilization funds seem more impressive.

https://www.efast.dol.gov/portal/app...execution=e2s6 - enter "FEDEX CORPORATION" in plan sponsor. Then scroll down to the pension plan EIN - 621721435 PN 002.

THE VB PLAN IS FAKE NEWS. MAKE OUR PENSION GREAT AGAIN.
K

Good to know.. thanks

Sign me up. A plan plus VBP. I’m in

Dr. K.

Welcome. Nice first post.

Well done.

If only the MEC would listen to logic, but they are brainwashed and only looking out for the chosen few.

When does the failure to represent lawsuit start?

I bet we would have no problem getting class action status this time.

https://www.efast.dol.gov/portal/app...execution=e2s6 - enter "FEDEX CORPORATION" in plan sponsor. Then scroll down to the pension plan EIN - 621721435 PN 002.

Hey Dr. K, I would love to look up our A plan info, but the information you provided did not work. Any chance you could be a little more specific. I filled out the three boxes with the info you provided but it came back saying that no matching filings were found. Thanks.

It worked great for me. All I had to do was put those two pieces of information in and hit submit and all of the filings came up. Maybe you put in the wrong number. I just cut and paste the EIN number Including the PN 002.

Just type in Fedex Corporation for plan sponsor (2nd line). Leave everything else blank. When the results come up, scroll down about 15 or 20 until you get to plan name “FEDEX CORPORATION EMPLOYEES' PENSION PLAN”. The EIN is 621721135 and the PN is 002.

You’ll see about 127000 active participants and 40000 receiving benefits as well as yearly plan returns and 109% funding levels and other nuggets of “secret” information. It also breaks out the difference between pilots and other employees. Please don’t tell anyone because it’s proprietary and the company doesn’t want it revealed only to the union leadership.

Interesting information there. I was able to view all the information. I was unable to find out what the life expectancies are, however. I have always been curious about that. I was unable to dig up that nugget.