Originally Posted by
FXDX
Sure we would have all taken an increase in our A plan. The company wasn't going to give it. It was their line in the sand. Believe it or not, biatch about it all you want. Guys who thought the A fund retirement was going to be improved were delusional. If you honestly thought that I can imagine why you won't let it go. I personally was shocked that we got an increase (however small) in the B fund.
This are simply my opinions, and I was a no vote, but it certainly wasn't because of the lack of improvements in the A fund. That wasn't going to happen, and if anything the union NC probably should have tempered those expectations because that was the source of a lot of angst over the new contract. Live and learn.
Go back and look at your retirement summary from FDX that you got last fall. The company had already funded for what they forcast would cost for the increased A fund. They were 4 Billion over funded for the current retirement obligation, since we did not increase the retirement. It will be interesting to see where that 4 B moves to now that it is not needed to fund retirements. Maybe it will counter balance the 4.8 Billion cash purchase price they agreed to pay for TNT.