Originally Posted by
kronan
In 1998 how many FedEx pilots were making 260k? (No B plan then) In 2006, I'm sure a small percentage of pilots were hitting the caps (thanks to draft and carryover-B plan increased to 7%). Thanks to the non-existent pay raises in 2011, an increasing percentage of pilots are impacted by the cap....
There was no B plan in 1998...???
What year was the B plan implemented?
At what percentage?
What was the A Plan formula at that time?
I know the B plan was 6% in 2006...then raised to 7% under the 2006 contract
Now it's going to be raised to 8%...and then eventually 9%
I think a mix of both the A plan & B plan is the most prudent for many reasons.
In order to compare our "total retirement benefit" over the history of Fedex contracts, we should compare the history of both plans.
Old heads, please provide
Thanks.