I don't think that statement is accurate Tony. You make it sound as though we were offered an FAE Cap increase at some point in our bargaining history. I know you and others have made this mistake before, confusing a DC cap increase (over the IRS limit) with an FAE Cap increase. I only say this because you wrote "we have not agreed to change it". That would assume an offer to increase it would have occurred. It's difficult to "agree" when an offer of increasing the FAE Cap has never happened during our negotiating history. FedEx has only "offered" to freeze our pension, never have they offered to improve it (FAE, YOS or Component%).

It's a minor point, but I don't believe your statement paints an accurate picture.