DRAisawesome
Well-Known Member
They don't care about express. Ground is the cash cow. Their drivers work really for pennies. Most are on food stamps if in a single parent working situation.
Pay Raise In October
- Thread starter fedex_rtd
- Start date
Cactus
Just telling it like it is
A textbook example of just how poorly run this company is. Memphis mentality that can be used for toilet paper.
Reattempt tomorrow
Active Member
The real question is: do I need to take floaters and personals to get paid for them. And how about sick days. 10 years in won't make it to 11.
Operational needs
Virescit Vulnere Virtus
Yes. The only days you get paid for when you leave is vacation, so make sure to take the other days before you leave. Good luck to you.
Reattempt tomorrow
Active Member
Anyone know what happens to your sweet portable pension since that's all some of us get. Cash it out, roll over? Maybe I could just derail this thread into what to do when you quit to get everything you possibly can
Reattempt tomorrow
Active Member
That way if I need a doctors note I can blow my new awesome HSA as well.
When I quit last year I got some bad info from a mgr. Said shouldn't take too long to get portable pension but it did. What I should have done was contact the FedEx Retirement Center 3 months before my last day. They send a packet to be filled out and if you contact them 3 months in advance they cut the check immediately after your last day. Call them a few weeks before you quit and you'll be waiting for 3 months after contacting them for your money. On the 401k you have to contact Vanguard. FedEx requires that they hold your money for 45 days after your last day before cutting you a check.
One strategy to maximize your severance is to not take your vacation days before quitting. Say you get 4 weeks a year. If you wait until the start of December to quit and didn't take any vacation time you'll get your four weeks plus the two weeks you accrued in the new fiscal year. That adds up.
Cactus
Just telling it like it is
Why would you even be contacting them if you're not 55 yet? You said you are 52.
Reattempt tomorrow
Active Member
I'm guessing so it's easier to keep track of and also might be able to earn a little more than the 1% it's making now
That's for the portable pension. I have to wait until 55 for the traditional pension. Another aspect of the portable pension is you don't have to take it until you're 70.5 years old. If you leave the company you can choose to leave it in the account and accrue interest. Not much but better than many investments these days. P.S. I misspoke. I was 51 when I left last year, not 52.
Operational needs
Virescit Vulnere Virtus
This is the news I have been waiting for. I am not code 7. Code 69. Shuttle Driver. That's a solid 2% for me. Taking me to $16.19. At this pace in 19 more years I will be at "top pay."
If you're lucky. Lol.
Serf
Well-Known Member
Exactly. Assuming IF get a meager 2% annually for the next 19 years. And with inflation going up on average about 3.3% that puts me behind the 8 ball forever.
Operational needs
Virescit Vulnere Virtus
Reattempt tomorrow
Active Member
And with the top and bottom range getting 3% you'll be back at the bottom in no time.
hypo hanna
Well-Known Member
Dano should be along shortly to tell you how awsome fedex is and why this arrangement is such a great deal for your long term security.
Cactus
Just telling it like it is
We could all get a cut in pay and Dano would consider that an excellent deal.
