Originally Posted by
EzFlyerz
This question may get me a verbal lashing here...lol...but is this a "good" retirement relative to the other majors? I'll never see 30 yrs (about to retire from military), more like 20, but just curious what the public thinks about ~140k/yr as an airline captain pension. Terrible, awesome, somewhere in between?
Well when you consider that the pension is IN ADDITION to a 12% (UPS) or 9% (FDX) DC to the 401k then yeah, it’s very good compared to what other airlines have (16% DC only).
The problem is that they came up with the pension number - for FedEx - in 1999 and now in 2022 we still have the same maximum benefit despite 23 years of inflation eroding the real value. BTW FedEx maxes at 25 years vs. 30 at UPS.