That retirement mailer we got a week ago
11-30-2016 | 02:34 PM
#1
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Gets Weekends Off
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That retirement mailer we got a week ago
I received in the mail a mailer regarding our retirement. I guess it has to do with the "B" fund? I've asked around the crew room and from what the people that I've talked to have said, this thing is about the changes of some terms, primarily.
Any ideas what the specifics are? I can't make heads or tails out of it....
Any ideas what the specifics are? I can't make heads or tails out of it....
12-02-2016 | 05:14 AM
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Gets Weekends Off
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Thanks for posting the link CS.
Sorry- didn't get time to get back to you yesterday Mark. It is mostly academic, as the two accounts merge into one. This single account will be managed and invested based on your Vanguard Target Retirement Trust selection you should have made, unless you signed up for either new Financial Engines options. Selections/changes will be frozen Dec. 28th at 4pm EST and transferred in kind to the new single PRSP (thank goodness- the PMPPP was a mouth-full) and unfrozen by the first week of 2017.
One area I saw as an improvement is the B plan/(current 8%) monies are done each pay period, not once a month as before.
It is very important as they say in the video to re-select your beneficiaries lest you risk giving money to "someone you don't like".
Cheers,
BK
Sorry- didn't get time to get back to you yesterday Mark. It is mostly academic, as the two accounts merge into one. This single account will be managed and invested based on your Vanguard Target Retirement Trust selection you should have made, unless you signed up for either new Financial Engines options. Selections/changes will be frozen Dec. 28th at 4pm EST and transferred in kind to the new single PRSP (thank goodness- the PMPPP was a mouth-full) and unfrozen by the first week of 2017.
One area I saw as an improvement is the B plan/(current 8%) monies are done each pay period, not once a month as before.
It is very important as they say in the video to re-select your beneficiaries lest you risk giving money to "someone you don't like".
Cheers,
BK
12-04-2016 | 02:43 PM
#7
Generationally Damaged
Joined: Jul 2016
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From: Dynamically Leveled
Someone just telling me to read the contract, not so much. I realize all the details are in there, but for some reason (maybe it's just me!), I can't make heads/tails of what's in there.
12-04-2016 | 03:00 PM
#8
Gets Weekends Off
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From: 767 Trunk Monkey
Not just you...feel free to call the folks at Contract Enforcement if you have a specific question. Also, not sure if new-hires are given a copy of the pocket calendar, but (after logging in) you can see the electronic version on the FDX MEC home page under "REFERENCE" tab:
https://fdx.alpa.org/Default.aspx?tabid=3068. Welcome & good luck!
https://fdx.alpa.org/Default.aspx?tabid=3068. Welcome & good luck!
12-09-2016 | 03:23 PM
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I can't find in that video, nor in the mailer, information about when or how we can change our 401K deductions to a Roth 401K. It doesn't seem to be an option on Vanguard, either. I understand this probably won't be available until January, however I don't want any of my contributions for next year to go to something other than the Roth 401K, and don't want to miss out on whenever the window is to change it. The freeze is from Dec 28th-sometime during the first week in January, so I'm guessing it would be after the freeze...however, you have to make sure and do it before the contribution comes out of your Jan 15 check.
Anyone have any info on that?
Anyone have any info on that?
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