2+ years of Union Activity and hiring various outside advisors to validate Management statements of the increased costs of a Traditional Pension....Yes, why should we spend any money on such an issue now.
Wouldn't it be better for the Union to Not Follow through on the promise it made during Ratification to pursue ways to improve our Pension and simply Wait until 2020 to start spending money researching the issue?
Or better yet, not Research it at all. Simply look at the Company's profit margin and spend the years 2021-2023 saying we need to get 777 Capt's Pension ratio back up to the 50% it was years, and years ago. All we have to do is Hold Firm and Say the Company can afford it over and over.
Then we can build expectations up, and up.
Sure would be a bummer if Mgt said, okay, we'll bump the Traditional Pension up 30% but that's going to mean pay raises over the next 2-4 years will be 1 or 2%. After all, Pension is part of you compensation package and many of you will spend more years in Retirement than you did working for FedEx.