FedEx is closing its pension plan to new U.S. hires starting next year, joining the ranks of large U.S. companies phasing out guaranteed retirement benefits
FedEx Corp. is closing its pension plan to new U.S. hires starting next year, joining the ranks of large U.S. companies phasing out guaranteed retirement benefits.
The shipping giant instead will launch a new 401 plan at the start of 2021 with a higher company match. Under the new plan, FedEx will contribute up to 8% of employee salaries, if employees contribute 6% of their salary.
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