Thread: Alpa Fdx
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Old 05-13-2007 | 08:55 AM
  #455  
SleepyF18
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From: MD-11 F/O
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Originally Posted by MD11HOG
Sleepy, Could you please elaborate on #5? Minimize downside implications? How and what does Dave plan to do to minimize downside implications?
1. Potential IRS and tax law complications on our retirement plans? Does the IRS take a dimmer view of our retirement plans and the tax benefits that it affords FedEx or does it not care?

2. Medicals for those over age 60 or possibly even earlier. Many foreign carriers impose executive-style physicals on their pilots to ensure that their cognitive and physical issues are fully up to snuff. Biking during an EKG, mental testing, etc.

3. Insurance rates are certainly a concern. If you have looked at a chart on insurance rates, you can see that they increase rather steeply as you reach an age closer to 60. At what point does insurance become cost-prohibitive.

These are just a few concerns of ours that we feel that Congress does not have a full grip on and/or doesn't care about, as long as they get their goal of changing the age in order to "protect" their older constituents.

The MEC feels that without having a say in these issues, that these concerns won't be adequately addressed. So the plan is to trust the legislative affairs guys who tell them/us that, if we want to have any input in these issues, that our policy has to change first. They (Congress) are only taking the input of those that are for the change at this point. That is what we are being told.

Hope that answered your question.