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Old 12-14-2007, 12:24 PM
  #7  
mrzog2138
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Joined APC: Jul 2007
Posts: 117
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Albie,

There is one question I would have for you and the union. And that is concerning VEBA. Now that there is no need to provide that bridge for medical from 60-65, which I beleive was the purpose, what is the future of VEBA? There is $43.5 million that was negotiated in our contract for VEBA. Basically, since the CBA was signed the bottom half of the memebership at FedEx has taken it in the sorts in my opinion (I have been here a little over 7 years). Alot of the negotiated capital in this CBA went towards retirement and healthcare. It targeted the over 50 crowd with the increase in retirement multiplier (more negotiated capital from the "allocated pie" lost). The LOA for FDAs is going to be a negative for years to come. As a union, I beleive this MEC is losing a lot of it's support in the lower half of the membership.
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