According to ALPA daily it’s gone for anyone hired in 2020 and on.

Non pilot, old news. Fedex pension is in their CBA, they would have to negotiate it away.

Makes sense. Article just said ‘employees’

I believe the FedEx pilot pension is capped at a max of $120K/yr. while nice today, over time with inflation it will be worth much less.

That’s why they also get 8% DC on top of their pension

I'd still prefer 16% (really should be 20) DC and no pension.

Max benefit is $130K (2% per YOS-Max 25 YOS of $260K, $260 is a CBA limit), but reduced if taking the Survivors Benefit for spouse. Reduction depends on variables such as spouses age.

B Fund goes to 9% next on 1 Jan 2020.

130k

9% starting this January I believe.


Your average FedEx pilot would earn higher wages earlier in their career to max out their B fund/401k contribution max at the 9% rate, leaving it basically the same as the 16% Delta B fund contributions, annually. With no cash over cap provision, Delta pilots keep their money today, FedEx pilots get the 130k every year in retirement, and even more if deferred.

This actually further illustrates the absolute stupidity of the 2012 and 2015 pushers for trading PS for pay rates.

Really? There is no comparison (as long as pension is solvent). To each his own though.