Originally Posted by
golfandfly
I never said I wanted UPS exact plan. Of course the benefit would have to be higher. I wouldn’t differentiate between Capts and FOs.
If indeed there is a lower pension liability for the company, it might make this a viable idea. Make it $6,000/year ((150k annually after 25 years and that’s a decent improvement). It’s just something that should be fully investigated.
Somehow, UPS has been able to increase their pension and we haven’t. With this trend, it won’t be long before they eclipse us.
I guess it was just me stating my opinion that their 30 year captain plan does not pay more than ours, as you stated. If you just look at dollar amount, then that statement may be construed as true by $200, in about a year and a half from now (not at present time). But it does take 5 extra years to attainment that small improvement. I don’t see that as better.
As for their improvements, like I said, it’s easier to improve their plan during their negotiating cycles when they can point to ours and pattern bargain off it it. And despite their latest improvement, it’s still inferior to ours.
I wasn’t speaking to it’s viability or liability, etc. If we can attain that $150k plan using their methodology, I’m open to it.