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10 step pay raises
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<blockquote data-quote="fedex_rtd" data-source="post: 3093790" data-attributes="member: 23671"><p>When was the last time you saw a second, third, or split shift pay in your check??? Yeh I thought so...I remember that year when we got a nice raise, only to have the company TAKE AWAY shift PAY a few weeks latter. Some of my fellow drivers that make runs to the ramps and hubs at night actually saw LESS in their checks after that TAKE AWAY.</p><p></p><p>Now you have been talking about the pension, how many of you actually did the math??? The portable plan pays way, way less than the traditional plan did. The only way you can make up a portion of the take away is to max out your 401k contributions, that is $18,000 per year out of YOUR spendable income, and if your over 50 that's an additional $6000 How many FedEx employees do you think can actually afford to make these types of contributions to their 401k program??? </p><p></p><p>Old fart is NOT looking at the big picture on retirement, like most Americans he is only looking at the here and now, and he is trying to defend the company, at the expense of his fellow coworkers.</p></blockquote><p></p>
[QUOTE="fedex_rtd, post: 3093790, member: 23671"] When was the last time you saw a second, third, or split shift pay in your check??? Yeh I thought so...I remember that year when we got a nice raise, only to have the company TAKE AWAY shift PAY a few weeks latter. Some of my fellow drivers that make runs to the ramps and hubs at night actually saw LESS in their checks after that TAKE AWAY. Now you have been talking about the pension, how many of you actually did the math??? The portable plan pays way, way less than the traditional plan did. The only way you can make up a portion of the take away is to max out your 401k contributions, that is $18,000 per year out of YOUR spendable income, and if your over 50 that's an additional $6000 How many FedEx employees do you think can actually afford to make these types of contributions to their 401k program??? Old fart is NOT looking at the big picture on retirement, like most Americans he is only looking at the here and now, and he is trying to defend the company, at the expense of his fellow coworkers. [/QUOTE]
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