Originally Posted by
Busboy
Can someone tell me the "time value of money" formula for waiting 6-10yrs to either fix the A-plan cap or negotiate a B-plan increase that will make up for that lost retirement value? How much bigger will the B-plan, with cash over cap, have to be in 2023 to make up for not fixing it now?
How do we figure the time value of money lost for the 1000s of our pilots that will retire under this TA? 1000s of our current crewforce will be stuck with this TA's 1998 A-plan cap, for 20 to 30 years, and not reap the benefit of the giant B-plan you will surely fight for in the next contract.
Do any of the "yes" voters actually think the negotiating environment is going to be better 6-10 years from now?
You may find that ALPA finds the contract substandard with a negative impact on all ALPA members. Even if accepted by a majority of FedEx members the ALPA President has to sign the contract.