Originally Posted by
kronan
Lie flat seats.
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Flying boxes.
No retro is my expectation.
Exactly How someone over 25 YOS would gain retroactive benefits for a VB plan that wasn't in existance escapes me. EG...how can you earn Pension benefits on a new plan for work you did in 2015-16-17-18, etc just because you have over 25 YOS.
ALPA audits our dues every year so they know how much pensionable income was earned for every year. Anyone over 25 YOS would have the 2% (or whatever % is negotiated) * $270K IRS limit credited to their VBP from the start. Seed money for retro is targeted to come from the A Fund. (I don't think someone with 25 YOS would make less than the limit but could be possible, example is what is negotiated for LTD)
I think, PM either misheard you, or you misunderstood him.
A transition to the VB is just that a transition. And just because someone has 25 YOS already doesn't mean that they would accrue no additional benefits.
As to Why I think a modifcation to the A plan would not be retroactive.
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Kronan,
There was absolutely no confusion as PM was "Explaning" the VBP. There has been no "Education" material anywhere talking about improvements to A Fund. ONLY FREEZING IT!
Alpa proposal is Freezing the A Fund, and switching to the VBP with retro for those over 25 YOS!
No talk or "Education" of improving the A Fund or extension to YOS. WE have been unsuccessful at any A Fund improvements. The only A Fund discussion was freezing the A Fund and preferring to soft freeze vs hard freeze.
Alpa intends to implement the Variable Benefit Plan Retro actively for those who already have 25 YOS. THIS IS FROM A FACE TO FACE DISCUSSION WITH PM! NOT MY MISINTERPRETATION OR FANTASY ISSUE.
ASK PM, YOUR REPS, ETC!!
Not intending this discussion to focus on Retro. Intending to highlight that Alpa has NOT been forthcoming with ALL their plan. SO THEY HAVE APPROVED NEGOTIATING WITH FEDEX BASED ON A POLL/SURVEY DATA THAT DID NOT INCLUDE A COMPLETE "EDUCATION ON THE VBP THEY ARE NEGOTIATING". I guess we have to approve the LOA to know whats in it!
Soon we will add this VBP LOA to our list of incredibly stupid giveaways!