I thought one of the goals of the 2015 contract was to "tighten up the language"?
Just another failure by "my" union.
We gave away the store, and the union sold it to us as a good deal.
Just like they are doing right now.
I can't believe the MEC does not understand why we don't trust them.
Once again, here is the modeler preamble:
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Use of this product is restricted to authorized FedEx Pilots, members of FDX Master Executive Council (MEC) and employees of Air Line Pilots Association. This product is offered as part of the FDX MEC’s ongoing education campaign concerning the variable defined benefit concept under consideration. This product is not offered for the purpose of financial, retirement planning, or legal advice. Various aspects of the variable defined benefit concept are subject to negotiation. Various assumptions have been made for the purpose of making the product operational and not as a representation concerning any final plan design. Estimates shown in this product rely on future demographic and economic experience conforming to the underlying assumptions and methods. To the extent actual experience deviates from the underlying assumptions and methods, or there are any changes in plan provisions or applicable laws, the estimates would vary accordingly. As such, users may not rely on the estimates as their actual retirement benefit.
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