Originally Posted by
Shaman
I'm fairly new and I just have to say a MAJOR factor in deciding to join this airline was the appeal of a defined benefit plan. Negotiating it away for any amount less than the full cash equivalent NPV of the A fund cashflows over the your period of projected mortality is beyond foolish.
Why would anyone want to come to FedEx now?
1. FedEx pilots are now at the bottom of the hourly pay scale. Worse, our contract is so long, other airlines will have at least two contract negotiation periods before we even start openers for our next contract.
2. New jumpseat rules put people deadheading when they have a company paid ticket above jumpseaters commuting to and from work.
3. The union is about to kill the A-plan outside of formal negotiations which is probably our only chance or bargaining chip for the next contract.
4. Our B-fund is half of what the majors are paying.
5. If you're young, the value of the A-fund will be half of what it is or it will most likely not be available to you.
6. The union is falling apart and is not representing the members. This last contract is a perfect example of what we didn't want.
Why would anyone put up with difficult schedules for second rate pay?