Old 12-23-2017, 09:59 AM
  #48  
dckozak
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Joined APC: May 2005
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And that is $5200 increase per year until you hit 25yos assuming high five at 260K and no reduction for spouse. What is it going to take to give you 25 minus yos X $5200 X years you will live after retirement? Thats what you want the union to set as a floor for any change in freezing the A plan.

This is the great balancing act the union faces dealing with the frozen A plan benefit. Do nothing, lose value to inflation and lose value relative to your final earning. Do something and freeze your accrued benefit and some (depending on age when hired and seniority) either get a (relative) windfall by collecting three Fedex retirements (accrued A plan, B plan savings, and new benefit) where for some the A benefit is maxed or close and they still have a bunch of years of hub turning their way to retirement happiness build on the new plan. Others with less years before getting out don't get the (greater) benefit of the new plan, mostly the frozen A plan based on their years on the property at the time of the switchover.

Not sure where you will stand or how the union will address this but consider that some of us "lucky" types who have maxed out our A benefit have given and continue to give YOS for NO improvement in benefit. A lot of 30 plus year pilots maxed out and their win from contract 2016 was a 1% increase in the B plan money (roughly $3000 per year) and a IRS cap limiting that!!

We all have our issues with the retirement as it stands, at least you might see an improvement, many of us only got coal in our stocking from the last contract.
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