Correct, plus we got:

1. increased pension multiplier for those with over 10 years of longevity.
2. 25K health care account for those over age 53.

We should learn from that 2006 CBA that changes that affect only a particular demographic are divisive, even well intentioned ones. However that does not mean that many of us would not like to see new options going forward in the next contract.

I would like to see the chance to make a re-balance of pension vs. money in my name. The world is a changing place and if we fail to look into the possibility of change or restructuring our retirement savings options we are being closed minded in the face of real concerns by those currently employed and those to be employed as FDX pilots.

Those already employed have too many scenarios to change to a one size fits all plan and certainly would require options, pilot selected ones, which include status quo going forward. New pilots can not be sold down the river either but that does not mean you cannot have a plan that does not include A fund options for them, as long as the end game money looks equal or better. For many the better part, and worth some risk BTW, is the fact that the new world order is defined contribution plans and the money is YOURS, no promise or PBGC to worry about.