How Bad Will Peak Be?

[falcon back]

There's something else going on there. Falcon Fart says it'll grow 10% annually but your numbers are higher.

It is roughly 10%. Actually its about 11%. I am waiting on all the naysayers to admit they were wrong.

 

[MAKAVELI]

I have worked up charts for both TPB and Social Security projections over the next 5 years. Age 62, TPB=$548. 63=$610. 64=$681. 65=$763.

Again, " projections " are not guaranteed. Anyway why wait a couple of years to gain maybe $ 200 a month? At retirement age you really don't know when your number will be called and are leaving $ on the table for FedEx.

 

[MAKAVELI]

The only way it makes sense to delay retirement is if you can collect retirement while continuing to work and receive increases like UPS.

 

[floridays]

Y

All you need to do is split the difference. About $610 at 63. About $675 at 64

You missed it, I'm not curious about the numbers.
My curiousity lies if amounts increase regardless of retirement status.
Do you comprehend where i'm going?

 

[falcon back]

Again, " projections " are not guaranteed. Anyway why wait a couple of years to gain maybe $ 200 a month? At retirement age you really don't know when your number will be called and are leaving $ on the table for FedEx.

LOL. You just wont admit you are wrong. Clutter only had a few years in the Traditional. Pretty much minimum payments. My payment will go from $1850 or so to close to 3k per month by waiting 5 years. That is NOT a projection, that is stone cold facts. I will only be 65 when I start my pension, about the age many normally retire. By that time I will be retired 5 years. Plus my wife will get my increase if I pass away. The increase also applies to your beneficiary.

 

[floridays]

And as I said the pilots may have a different plan for all I know. But couriers don't get 55%, and don't almost double their pension by waiting 5 years.

There plan is called a contract.

 

[falcon back]

Y

You missed it, I'm not curious about the numbers.
My curiousity lies if amounts increase regardless of retirement status.
Do you comprehend where i'm going?

You ONLY get the increase AFTER you retire and you delay starting your pension. If you keep working, the increase does not happen. I guess that is your question.
Example. You retire at 60 and delay taking your pension for 5 years, age 65. Your pension increases about 10, 11% EACH year you wait.
IF you work till you are 65 and start your pension at age 65. Your Traditional pension will be the same amount you have thought it will be since the day you went into the Portable. There is NO increase.

 

[floridays]

Reading the comments there is an obvious common thread. There is indeed a genuine worry on the part of you guys regarding what kind and how much in the way of retirement income you're going to be able to count on when you're no longer able to do Fat Freddy's dirty work.

That worry is entirely justified.

After 25-30 years which is the bulk of your entire working lifetimes you shouldn't have to be left constantly try to repositioning yourselves in a way that will get you the most out of what is a very modest plan to begin with and one that is constantly being tossed up in the air and amended and revised in what is obviously an attempt by Fat Freddy to divest himself of so called "legacy costs"

That's right you're not a person One of the so called "people" and "part of the Fedex family" he keeps trying to bull feces you about. You're not one of the people who were instrumental in creating the fee for service company that Fat Freddy will cash a 54 million dollar check from this year.

You just one of those "legacy costs" he's trying every trick in the book to rid himself of.

They have ridden themselves of new legacy costs, minus the pilots.

Fact is the company deals with current costs daily (pertaining to labor), employees need to do the same and add on for the future, exactly how the company projects for the future.

Unionize.

I know to many I may sound like a leftist, I assure you I am not.

 

[floridays]

My driver isn't my problem. My irons give me fits. I can actually hit a good shot with a wood in the fairway. Put an iron in my hand and anyone in any direction better run for cover. I have watched Youtube videos, taken a few lesson and I still suck. I have fun but it gets frustrating. Maybe I need to take up pickleball. It's the fasted growing sport in the country.

Have you ever swung a bat? Have you ever played baseball. Have you ever chopped down a tree?
If you can swing a bat, minus major flaws the mechanics are comparable.

Hip rotation back, hip rotation forward, hands back, hands come through explode at ball, not that difficult.

Golf pisses me off as well, and I could hit a baseball.

Best wishes, lay off the doobie on the course.

 

[falcon back]

Have you ever swung a bat? Have you ever played baseball. Have you ever chopped down a tree?
If you can swing a bat, minus major flaws the mechanics are comparable.

Hip rotation back, hip rotation forward, hands back, hands come through explode at ball, not that difficult.

Golf pisses me off as well, and I could hit a baseball.

Best wishes, lay off the doobie on the course.

Smoking a fatty and drinking a few beers is what being retired and playing bad golf is all about. I am shopping for my own golf cart so I can pull it to the local course and won't have to unload my clubs, beer and weed every time we play. I have my eye on a new 48v Club car. They are very popular to ride around my neighborhood as well. I just built a new shop out back and it's filling up fast. The cart might be the last thing I have room for.

 

[clutternutter]

Van. I had 4 years part time and 4 full time when they froze the pension. My final year part time was $26,000 and dragged my highest 5 year average down. I am holding off on collecting so I can convert a large chunk of my 401k to a Roth without a bunch of additional income pushing me into a higher tax bracket. And yes, I did work 1000 hours+ in that last part time year.

 

[floridays]

It is roughly 10%. Actually its about 11%. I am waiting on all the naysayers to admit they were wrong.

Fart, personal questions, answer in personal message if you prefer.
Did you retire at 60?
We all know the traditional was capped, long ago.

Exactly where, is this increase denoted?
It cannot be in a personal account, you aren't collecting yet.

Do you get a personal statement that defines a monthly amount, that affirms a FedEx obligation to you, a future pensioner, in monthly terms?

 

[floridays]

You ONLY get the increase AFTER you retire and you delay starting your pension. If you keep working, the increase does not happen. I guess that is your question.
Example. You retire at 60 and delay taking your pension for 5 years, age 65. Your pension increases about 10, 11% EACH year you wait.
IF you work till you are 65 and start your pension at age 65. Your Traditional pension will be the same amount you have thought it will be since the day you went into the Portable. There is NO increase.

That was it exactly.
I don't understad the logic unless they deem over 60 labor to be a detriment.
I understand actuarial tables, they obviously have run the numbers that I haven't.

 

[floridays]

Smoking a fatty and drinking a few beers is what being retired and playing bad golf is all about. I am shopping for my own golf cart so I can pull it to the local course and won't have to unload my clubs, beer and weed every time we play. I have my eye on a new 48v Club car. They are very popular to ride around my neighborhood as well. I just built a new shop out back and it's filling up fast. The cart might be the last thing I have room for.

We need to play 18 together some day, non weed for me but a barley pop per hole is all good.

I actually do like you, but the game (fedex) when you played has different rules and you were grandfathered or fell under something most do not experience.

I not only tried to say this as nicely as I could, but I was sincere as well.
I won't say a lotta, I will say almost none of the remaining employees have ever experienced the benefits and treatment you had from a once great company. I won't say where I fall in that picture, I'll assume you are intelligent enough to figure it out.

Get the book, read it, take it to the driving range. Enjoy the game and don't tear up the greenskeepers pride and joy.

 

[Swanson]

We need to play 18 together some day, non weed for me but a barley pop per hole is all good.

I actually do like you, but the game (fedex) when you played has different rules and you were grandfathered or fell under something most do not experience.

I not only tried to say this as nicely as I could, but I was sincere as well.
I won't say a lotta, I will say almost none of the remaining employees have ever experienced the benefits and treatment you had from a once great company. I won't say where I fall in that picture, I'll assume you are intelligent enough to figure it out.

Get the book, read it, take it to the driving range. Enjoy the game and don't tear up the greenskeepers pride and joy.

Falcon is cool,I enjoy watching Falcon pissing off the morons here!

 

[falcon back]

Falcon is cool,I enjoy watching Falcon pissing off the morons here!

Most are just bitter because they hate their job and claim they can do better elsewhere but for some reason won't go elsewhere

 

[Cactus]

Falcon is cool, I enjoy watching Falcon pissing.

That figures.

 

[falcon back]

I will say this. In EVERYONES'S defense that called me a liar when I posted over and over about a TPB increase. This information is not publicized by the Retirement Dept and other than the paragraph I posted, is not clearly explained in the Retirement website. When I visited the investment advisors I selected to handle my retirement they mentioned this to me. This is the same firm Dano called a "goober" because they explained to me that pilots pension is MUCH more lucrative as far as benefits than they rest of the employees get. We all know Dano has zero credibility. I have mentioned this increase to friends that were Sr Mgrs, Directors and everyday hourlys and got the same response I did on here. They told me I was nuts. I have explained on here over and over on here how to see for yourself how the increase works. All you have to do is go on the FedEx.retirement.com website. Find the "Project Your Pension" drop down. In the chart you will select a retirement date, THEN you will select the date you want to COMMENCE benefits. In simple,terms, that means the date you want to start your pension. To verify I am correct, put in Dec 31, 2021 as your retirement date and put in Jan 1, 2022 as your pension COMMENCE date. You will see that your TPB will be the amount that you have assumed it will be since the day you left the Traditional pension. THEN put in Dec 31, 2021, the same date as your 1st calculation as retirement but this time put in Jan 1, 2023 as commence date, 1 year later. You will see the increase in your TPB. Then put in Dec 31, 2021 as retirement but this time put in Jan1, 2024 as your commence benefits date, again, you will another increase. I know Tupac keeps wanting to say a projection is not facts but he is just too bitter to understand they use the word PROJECT as a way to convey how the chart shows you how your retirement will play out. I don't care if you hate me or not, believe me or not, this increase is there for those that can afford to delay drawing your pensions. I will delay mine for 5 years. There is a break even age of 72 for me. If I pass before 72, this delay did not work for me. If I live past 72, it worked to perfection. Even if I pass before 72, my wife will get the increase, it does not end with my death. I know this post was long but if anyone needs more info, I will try to answer in a shorter post.

 

[falcon back]

That figures.

Hey Cactus, when are you gonna admit you were wrong about the TPB increase? It has now been proven on here I was 100% correct and you were 100% wrong. Take that foot out of your mouth and say you were wrong. LOL

 

[bacha29]

LOL. What are you talking about? I am not worried about my retirement. My plan is in place, it is working to perfection and nearly all of my retirement investments are not dependent on earning a very unrealistic return.

Great plan....Should work out fine....As long as your old lady continues to work and she doesn't mind you laying around doing nothing all day and living off her income while she's out there working her tail off.