Originally Posted by
FDXLAG
Guess your not that tired.
As a pilot who hopes to never have to deal with the PBGC; We can't negotiate a better deal than NW?
Assumption: Fedex wants out of the A Plan business. I am willing to see how much they are willing to pay to get out of it. Because money in my name is worth more to me.
First off we have a much better deal than NWA!
FedEx isn't in BK or even close. Our Pension are currently secure.
I am the first to admit that could change, but I believe we are secure in the near term. For the Pilot with 15 or more years to go, it is something worth exploring in the next contract.
If the company wants out of the A plan now they can certainly come to our negotiating committee with a good offer. Until then there is no immediate sense of urgency as the company's pension fund just go a nice windfall.
You apparently didn't keep up with the early stages of our last round of negotiations. Our guys were trying to see what the company would offer for a rebalance and Lump sum options. They offered pennies on the dollar. Is that what you want?