Originally Posted by kronan

Kinda see how that's reflected in the thread title,
So, I'll bite

For those planning their transitions to retirement. IMO-some of those closer to the end of their time at FedEx are hoping a TA will bring in some modifications to our retirement package. One of our contractual goals is to remove impediments to retirement, and bring the pension more in line with the original replacement value ratio. (Something that's definitely been overcome for the high time, 777 Intl guys)

IMO-they are mistaken to think it will be a retroactive change. For someone whose 64 now and hoping to retire with a new TA, thinking the earnings limit will be changed retroactively, well upping the limit and looking back over the past 5 years would turn our pension plan from funded to short in a hurry. That's a whole bunch of loose change FedEx would have to come up with somewhere.

Same is true for the nearly departed hoping for a COLA. Many, many of the guys with 25 YOS have been WB Capts for 15-20 Yrs---IOW, they will have been FedEx Capts for longer than my FedEx career. Maybe, just maybe it would have been prudent to save a little money and have that be your COLA. Airplanes do appreciate, and I really love seeing the pics of the new boat, and the condos, and the vacay pics.

But still....GMAFB