Quote:
UPS's B-plan is 12% and that's where our real money is, the bump in our A-plan is great, but the B-plan is the 800lb gorilla. Also the 5 year negociations time period has been stated numerous times, but we did receive a pay raise for one of those years so the actual time period that we were past our amenable date for calculating a "retro payment" isn't 5 years but closer to 3 And 1/2 years. Overall it's a good contract, retirement bump is excellent, retro/bonus, not so much. Lots of other improvements as well. One question, when did FedEx start your B-plan? I remember you guys had only the A-plan for awhile then added a B-plan in a later contract..what year was that?
How does your A-plan work?Originally Posted by Vito
To some of our FEDEx brothers from a UPS guy,UPS's B-plan is 12% and that's where our real money is, the bump in our A-plan is great, but the B-plan is the 800lb gorilla. Also the 5 year negociations time period has been stated numerous times, but we did receive a pay raise for one of those years so the actual time period that we were past our amenable date for calculating a "retro payment" isn't 5 years but closer to 3 And 1/2 years. Overall it's a good contract, retirement bump is excellent, retro/bonus, not so much. Lots of other improvements as well. One question, when did FedEx start your B-plan? I remember you guys had only the A-plan for awhile then added a B-plan in a later contract..what year was that?