Originally Posted by C17B74

It was more possible to change ownership, liquidate or close the doors and drop pensions decades ago, but now with the protections and regulations safeguarding current pensions, etc and requirements to have funding in place to substantially provide for retirees freeze or no freeze (good point). Laws have made it more costly as a legal standpoint/punitive damages then just fund the dang pension already. Pension plans are headed the way of the Dodo... so you’re going to see employers freeze their current plan and implement creative savings opportunities for new hires.” - Business Mag

*So get into a company which has such pure pension traits if you have a fair amount of working years remaining = otherwise the company/country has or will eventually fall into self-funded retirements as most have.

It’s just the way it is, even the USAF (and others) changed to the “Blended Retirement Plan”, while still pension heavier, the 401K portion with some matching coin is the beginning of chipping the purely company/government funded pension safety net away. CSRS vs FERS is a good example of other gov flips.

Current and former employees have/will be grandfathered in, it’s the new hires in the future that will start to have some skin in the game which is probably years down the road - I have no idea, just viewing the historical data of most companies having done the flip the switch. Direct Contribution is not the same, but at least the clams are being dumped in your account on a monthly basis. I like the pension thang, but nothing in life is guaranteed. At least Kodak‘s pensions seems to be covered as they were teetering if not headed out to pasture if not for the recent pharmaceutical contract for the gov. Not quite having the Billions required to fund the overall Billions needed for their pensions, it is still impressive that they are fairly close so that is a better example of being responsible/accountable. Glad for them. (Glad is a word and not just a trash bag).

Originally Posted by Noworkallplay

Honest question. Do you even work at FedEx? Im not saying you have to work here to post in this forum but just wondering why you would post so much if you didnt? From looking at your past posts it appears your on the outside looking in.

Originally Posted by C17B74

Additionally, having been stuck recently in areas overseas where y’all are has been a great source of insight to the operational impacts based on current events. Have absolutely no input or fight with your company policies, just seeing if ours mitigates the same threats if you will. Whether hanging out at INC in the terminal airport with all your folks enlightening me on the issues at hand (just once thankfully - good for a short stay but not long term/that seemed tough) or just reading the “warnings” thread has kept me aware/in the loop regarding INC, PVG and especially HKG, etc, It provides valuable data when I bid. Totally on the outside looking in and thankful for the knowledge posted regarding such matters.

Originally Posted by Noworkallplay

No harm no foul just curious. Keep in mind our system form is much different than Atlas or Kallitta so rules and regulations especially during COVID affect each operation much differently. For example y’all may operate into a country from a location that has a different restriction than where we operate from. Our company may not be willing to take a risk with country policy interpretation that your company may be willing to take. One company flies contract freight and one flies their own freight. A lot of times we see an airplane on the ramp and think oh they are both airplanes however as we know the regulations governing that flight might be apples and oranges. As for the pension debate I will leave that for the professionals and negotiators. I’m to dumb to know all the laws and risk assessments. What I do know is that is what they do for a living. Glad you gain some insight from the forum. Good to see all viewpoints.

Originally Posted by frddrvr

Thanks so much for the thoughtful insight. I’m sorry if I came across as negative in my original post. This job is awesome and I’m glad to be here. It just seems like all I hear about is negative media attention and how Amazon is going to kill us. I haven’t been around long enough to know what to pay attention to and what is an over reaction or hyperbole. Great post Sluggo...that is 100% what I was hoping to hear.

Hope see y’all on the line!

Originally Posted by Python1287

How does everyone feel about Amazon’s new purchase? Starting to own planes outright. Only a dozen, but every long journey begins with a first step. And they certainly have no issues with funding a long journey.

https://www.businessinsider.com/amaz...ng-767s-2021-1

Originally Posted by Noworkallplay

Not worried at all. Let them haul the garbage for no margin. I would rather haul the millions of pounds of other freight at much more profitable margins. Not a shortage of other business outside of Amazon and other opportunities will continue to arise. FedEx looks brilliant now for booting Amazon.