If every pilot decides to stand up for what they’ve Work had and earned, that won’t be an issue. The more these corporations make money the more they try to take away from their employees. They just got a huge tax break, now this.

$6 billion for 41,000 retirees???

That's only like $146k per person.

FedEx is staying light years ahead of the Union. They should have fixed retirement during contract 2015.

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.