Originally Posted by
DLax85
Ultimately, any decision to reengage will be a collective decision.
So after they ask the company if they are interested, are they going to circle back and ask the pilot group if we are interested...or will they just go straight into negotiating the details of a VB Plan?
From the latest fast read......
October 31, 2017
Today the Negotiating Committee presented FedEx Labor Relations and their consultants with our variable defined benefit concept for their consideration and analysis. The Negotiating Committee was supplemented by subject matter experts from the R&I Committee, ALPA National, and our advisors from Cheiron and David Blitzstein Consulting. The company supplemented the Labor Relations department with representatives from their Accounting and Benefits departments as well as advisors from Mercer, FedEx’s plan actuary. The company appeared receptive to the presentation and asked numerous questions.
Over the next few months we will be providing you with education materials explaining the details of the variable defined benefit concept. We encourage you to stay informed and ask questions. It may take the company significant time to evaluate the concept. Assuming the process moves forward, no negotiation will take place without your input and the approval of your elected representatives on the Master Executive Council. We remain steadfastly committed to improving the retirement outlook for our membership.
Looks like the decision to engage was already made. Although they say no negotiation til we provide input.
