Originally Posted by
Fdxlag2
If we did the flat model and the VB Plan we wouldn’t have to renegotiate more than one contract because you guys tell us the VB Plan is going to make the millennials as rich as Nancy Pelosi.
Flat model and the VB plan?
What?
UPS runs 2 pension calculations, 1% FAE or the Flat Dollar Amount times YOS. In a pair of years, the FDA Pension value for a Capt with 30 years of service will be 126k...should you happen to be retiring as an FO, FDA value is approx 100k.
The VB plan progs out at something way, way lower than NP. Doesn't even keep up with our current 130k indexed to inflation.
The ONLY thing it's better than is our unchanging 130k Pension.
Every year our Pension drips value, drop by drop, inflation is relentless.