Originally Posted by
kronan
Could be mistaken,
but think UPS FDA amount stays at $4k until the increase to $4.2.
And, let's not forget that should someone wind up retiring as an FO only, FDA amount is $3.2k.
So, should fortune not smile, a career UPS FO's pension would be $80k.
Would be hard for me to imagine a scenario where a career FedEx FO doesn't greatly exceed that
I never get why people post inaccurate information. To put down a “competitor”? A peer? To chest pump and make themselves look better?
Our DB flat dollar amount goes out to 2026, yes, 5 years beyond amendable date (we will have a new CBA by then, this was done to protect against protracted negotiations). It goes up to $4,200 x years of service. And Boiler is right, it only takes ONE segment as a fully qualified Captain to obtain the $4,200 amount. Whoever does not retire with the Captain FDA is BY CHOICE!! Because EVERY pilot that is retiring soon can be a Captain.
Why doesn’t Kronan post the full picture. The ABSOLUTE MAX pension at Fedex is $130k, after 25 years. UPS is $126k after 30. What Kronan omits (advantageously) is the DC of 12% vs 8% (going to 9% for Fedex). And, UPS pension was negotiated and now tied to senior management’s pension plan, meaning they would have to cancel/terminate/reduce theirs in order to affect ours.
Again, both great benefits, why put down one or the other? To gloat? Chest pump?