I don't think there are specifics, I think they have a vague concept where the money the money the company commits each year to our current pension plan is redistributed to a company that will treat it as defined contribution plan. They want to see if the company will negotiate before they come up with something specific. Talk to your rep.

Okay, thanks lag. Thought I missed some significant announcement lately.

I’ve got 25+ years left, but I’d take a 25% raise and fund my own retirement.

Point being that everyone’s calculus is very different. We’ve got a good thing going, why risk it for the possibility of a slightly better return?

APC Profile page says 401K up to $500/yr, then below it says 401K matching: yes.

Assuming $18K (+$6K over 50) annual limit.

Can someone plse clarify "up to $500/yr" and "matching yes" for the current 401K program?

What's difference between A & B fund 2%/8%?

Have been Mil exposed only to TSP, getting ready for the transition to FedEx retirement plans.

The 401K is our tertiary retirement plan. If you contribute $1K, the company will give you $500, no more.

The A fund is a defined benefit plan, where you get a payout until you die, based on how much you earned.

The B fund is a defined contribution plan. Eight percent of your gross income is deposited into a retirement account, which you may invest as you wish.

Are the A&B plans automatically enacted upon employment?

How many years until vested?

If you r vested at say, 5 yrs, what age would you have to wait until eligible to withdraw funds?

Thank you for helping me understand the program.

B plan (8% D.C.) is automatically enacted upon employment. 100% vested immediately.

You think that one guy they’ve been discussing with over the few month, just for some good reason had the answer. The guy is looking out for the best interest of the company he represents.

I’ve only seen the union’s video which didn’t have specifics. I thought it was odd they didn’t share more nuts and bolts of the plan.

A plan vesting is 5 years. Normal retirement with no penalty is pension at age 60.