Originally Posted by
Carl Spackler
New hire pilots at FDX...that's right new hire pilots...have a DB and DC retirement plan. The DB plan will pay them $130,000 per year at retirement. The DC plan is generous and will likely be worth a couple million at retirement.
We spend too much time focusing on nits. We are so far behind FDX in so many ways, it's not even the same profession.
Carl
I've often wondered why we've become so shell shocked to the point where we won't even explore the possibility of getting something that was so integral to the profession when most of us started. $130,000 a year in retirement is huge and I bet some guys would retire earlier if that was in place.
Sure, we lost it, or had it frozen. But, it is such a huge benefit and great comfort in retirement, I've always thought it would be worth pursuing again.
Of course, we would want to find some way to guarantee it, which in the past I've been told would be impossible. But, if executives, CEO's, and Board members can do it, why can't we?