What IF?
What IF the plan is to do something like was discussed back in 2015? Does anyone remember what that was? I remember the concept of a 3-choice proposal. What IF the plan is as follows:
You will have 120 days after rank and file approval of the "FedEx Pilots Super Duper 3 Option Retirement Plan" to make a choice of ONE of the following:
A) Keep my retirement just the way it is. I love it!!
B) I like many of the features of the VB option. I think a hybrid of the old A plan and the new VB is the perfect option for me. I want this option!
C) After reviewing the VB option, I think it is better for me than the "dying on the vine" A plan. I want this Option!
I understand this is a one-time option, I have consulted with my Financial Advisor and/or I have done my due diligence in fully researching all ramifications of the decision I am making today and I understand it is final.
I think if something like this was voted on (AFTER consulting with your Financial Advisor and/or having done your due diligence in fully researching all ramifications of the decision), it would achieve a 90+% approval of the pilots. But before then, we need to find out:
1) Is the company willing to commit to any or all 3 of the options at this time (If NOT, wait until the Section 6 process runs it's course (2021-2026)). Based on the BILLIONS (rumored) of liability reduction possible and the MILLIONS of administrative savings, they should be more than willing to agree to some kind of reasonable concept and they have a fiduciary responsibility to their shareholders to do so as well. Of course, since we are saving them MILLIONS to do this, we want our cut. IF the company is NOT willing to discuss now, so be it. Hand wringing and emotional tirades can end.
2) Are the FedEx pilots even interested in whatever the "best offer" is? IF not, vote it down. NOTHING CAN BE DONE WITHOUT OUR APPROVAL. There might be a 3 (or 2-option) plan, but a 1-option plan that is a "one size fits all" solution is doomed to failure IMHO (or worst case 51% approval). The MEC needs to be bombarded with this fact from all 4,600 pilots (or at least the ones that care). A 51% vote would be very divisive for the pilots and the Union. WE DON'T NEED THAT!!!!
3) If I was FedEx, I would want a poll taken of the crew force to find out how the various 3 options are being received. The final dollar offerings would be highly dependent on that poll, I would think. Make no mistake, if the company could shed even 1/3 of the crew force off of the A-plan they would be elated! (Of course they wouldn't show this during negotiations, but hopefully our Negotiating Committee and support staff / highly paid advisor team would be wise enough to "get every last penny available").
4) Polling is the key AFTER massive education attempts have been achieved. The Negotiating Committee can then use this data to formulate the final offer to be voted on.
Of course, IF this is done, it will take lots of TIME. I am guessing 6-18 months before we have something to vote on (assuming FedEx is willing to discuss).
No need to get spun up about this now. For now, stay focused and FLY SAFE during Peak!
What IF..................