Originally Posted by
FDXAV8R
the bottom line is the value of our A fund is being diminished by time and inflation. Plus with age 65 FedEx is having to paying out less money as crewmembers work additional years prior to drawing retirement.
FDXAV8R makes a great point.
I realize I’m preaching to the choir here but, as far as the company saying there’s “no money available” – What was the windfall to the company when the retirement age was raised to 65? Forget about the extra productivity the pilots provide the company working past age 60 and consider only the savings to the company delaying A Fund payments. For every year, month, day you work past age 60, the company is saving by not having to pay your retirement and reduces the total number of years, months, days they will ultimately have to pay you before you die. I would love to see the costing numbers on this. Seems to me these savings would be more than enough to bump up the A Plan.