I retired after 21yrs Ramp Agent/Courier
- Thread starter Fullcup
- Start date
Operational needs
Virescit Vulnere Virtus
Yes and no. FedEx has a Traditional Pension that was replaced with a Portable Pension around 2008. The amount paid out under the TP was capped years ago and anyone hired after, I believe 2008, does not get that. Old timers get both. The Portable Pension is nowhere near as much of a monthly payout as the TP but was talked up as being a great thing because if one leaves FedEx, they can take it with them.
Serf
Well-Known Member
Correct. And if you somehow manage to do 20+ years at Express your Portable Pension net balance lump sum would be about what the cost of a brand new Toyota Camry retails for. If you choose annuity option, it's about 100$ a month for life. This is big money in Vietnam.
SmithBarney
Well-Known Member
But they get real flight benefits...
I flew direct from Orlando to Kansas City for $54 with our discount. Plane was 2/3rds full, plenty of seats.
It will be fine
Well-Known Member
Well sure, who wants to go to Kansas?
Serf
Well-Known Member
Lol. Power & Light district is awesome in KC. So is the WW 1 monument downtown. Sweet little steak house in the train station across the street where the St. Valentine's Day massacre happened.
Serf
Well-Known Member
Or wait, maybe KC massacre. Pretty boy Floyd mobster. Either way. It's got heart.
Not my only flight my but FYI KC is in Missouri smart ass.
BootsOnTarmac
Well-Known Member
Standby?
DeliveryException
Well-Known Member
Kansas would take exception to that. Kansas City, KS is a separate city. The main city, and airport, are in Missouri.To be fair it is in both states.
Yes, but if you plan accordingly it's no big deal. Retirees now get all the airlines regular employees do.
SmithBarney
Well-Known Member
oooh flights are ~$80 ORL to MCI, $30 savings to possibly get bumped? No thanks
Like I said they get real flight benefits, fly somewhere real with your family.
It is not a great plan but a little better then what you quote. After 14 years 2005-2019 my life annuity is 221 a month- 2 years as a pt courier and 12 years as a ft courier. (working a ave of 36-37 hours a week)
MAKAVELI
Banned
Your age also plays into the percentage of earnings put into your portable potty account. Someone younger with the same amount of years of service gets a lower %.
If you're lucky. They're often over $200. Once flew Orlando to London via Newark for $164 on United.oooh flights are ~$80 ORL to MCI, $30 savings to possibly get bumped? No thanks
Like I said they get real flight benefits, fly somewhere real with your family.
Star B
White Lightening
and i flew dtw-icn-dtw regularly for 64.00, back in the day... yer point?
My point is show me how many of the public at large get 75% off(or more) to fly anywhere? It's a perfectly fine benefit to have. Fill out the form, send it in by email, show up with I.D.. I'm glad I held on til 55 to get it.
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After 14yrs of service that's what you get from the portable pension 221 a month?
