Originally Posted by
FreightDawgyDog
"Based on the sentiments I've head and read from Age 65 crowd here at FDX, I have zero doubt they will push the MEC to work for a furlough once the BLG gets reduced. What's the point of them sticking around for five more years if they working for 25-35% less pay? I mean, it IS all about the money...their money. "
Bingo and bingo! Don't forget these guys will retire before the next contract so they don't take a hit for retiring before Age 65 as well. Another win/win for them and a loss/loss for those not in their special group. If we are counting on this group to act unselfishly we are wasting our time. If JJ wants to hang around just to spite guys who wish he would go so that others would not have to sacrifice for him I think that says a lot. He is the perfect example of this particular segment of the S/O population. He has a full retirement that he started collecting years ago, knew the rules going in on Age 60, advocates the change anyway and expects us all to sacrifice for him to the tune of possible furloughs and a 30% pay cut. And he is one of the more reasonable in his group. I'm with the guy that says anyone who stays when they have a full retirement needs to know we don't appreciate being forced to bear the burdens their selfish behavior has wrought. These guys didn't care about stifling hiring and growth for 5 years when they were fighting for the change so they would get 5 more years at the top and I don't think furloughs and pay cuts will matter to them either. Hell, JJ may do it just to prove a point to a guy who's opinion he didn't like. Happy New Year everyone. In 5 years when these leeches are gone I will throw a party! Of course after 5 years of stagnation and pay cuts, it may not be as big as I would have liked!!
Good Morning. Before my missive, let me just say HOW BOUT THEM N.E. PATRIOTS!
Now to the business at hand.
OK FDD,
Here are the facts. They are indisputable.
1. After 17 years at FedEx, of which only 4 were as a junior captain, my retirement benefit, as sent to me by the FedEx retirement folks a few months ago is going to be $5400.10 per month. That’s taking the 100% surviving spouse option.
2. After 34 years in the military, the vast majority of which was as a traditional Guardsman, I receive, according to my 1099R, $2282.46 per month, before taxes.
3. My savings and investments are none of your business.
4. I’m married to the same girl I married back in 1970.
5. I ‘m in the same house we bought 21 years ago, with no mortgage.
6. So excluding savings and investments, the total I can expect to receive, without Social Security benefits, after taxes is about $69,142 a year. Is that a “normal retirement”? I think not.
7. Whereas I have felt, for some time now, that the age 60 change was the right thing to do, I have never, not in any way, been an advocate of that change.
8. Prior to my turning 60, I had decided I wanted to continue to work, so I went to the back of the 727. I’ve served in that capacity since June of 2006. If I get back to a left seat, that will be nice, if not, so be it.
9. If I decide to stay, it will not be “to prove a point to a guy whose opinion [I] don’t like”, it will be because that’s what I decide is the best thing for me to do. Conversely, if I decide to retire, it will not be because of anything that’s been said on this board, specifically not the name calling, not the implied threats, or the total lack of professionalism shown by the majority of you younger guys. It will be because that’s what I decide is the best thing for me to do.
Here are my observations. They too are indisputable, because they are my observations.
1. Guys on this board over react to everything, coming up with scenarios that might or might not come to be, and then they embellish them, always with a negative spin. Always.
2. Guys on this board, the majority of them being fairly junior have continued to show a sense of entitlement that is beyond belief. This company is not here for you. We’re here for them. If you don’t like the way you’re treated, or the money you make, leave.
3. There are very few senior guys on this board. Why? I can only suppose that they, after all their years of moving the freight, are sort of less interested in what you have to say.
4. No one likes to be called names. I know I don’t, and I have tried to maintain an even keel when discussing these contentious issues, but a number of you feel that, due in part to the anonymity of the internet, it’s ok to name call and disrespect someone, for no other reason than their opinions differ from yours.
So, FDD, that's it. I had promised myself not to get embroiled in this age 60 thing, but, being from New York, I have found it difficult to just sit on the sidelines and "listen" to the constant complaints.