Originally Posted by
FDXLAG
Again it doesn't matter whether we give it up or not, it was 50% of a retired pilots income replacement in 2006. It is 40% of a retiring pilots income replacement in 2015. And it will be 15-20% of a retiring pilots income replacement in 2045. Another way to look at it, the average Social Security recipient gets about $18,000 a year in 2015 compared to a FDX pilots 130K pension. In 2045 the pension will still pay 130K and Social Security will pay about $55K (don't worry President Chelsea will save it).
There still isn't a better option other than a well balanced A & B plan. Only one plan is still bad for any crew force. The average house hold median income recently went up to 53k per year. I'm sure in 25yrs it won't be close to 100k. So even if it may have less buying power, it will still be more than the average American makes and you get to seat at home doing it. Stop falling for the scare tactics. And yes I do believe they can afford to raise the cap and increase the B fund to about 12%