Fellow Council 7 members,
Following are my thoughts and rationale for having, as one of your Representatives on your MEC, voted in favor of the Tentative Agreement (TA).
The TA’s improvements alone exceed more than $600,000 on a per-pilot basis over the first four years, and the total per-pilot cost to the company, at $2.3 million, absolutely crushes the recent DAL per-pilot figure of $1.6 million. Once ratified, this agreement will unquestionably make you a more highly compensated pilot than your counterparts at Delta or American.
It was made quite apparent to all MEC members and your Negotiating Committee in recent years, through surveys and personal discussions with you, the membership, that meaningful and permanent improvements to your retirement benefits has been one of your primary goals. For many, it is the primary goal. There can be no question that FedEx pilots, flying the most difficult schedules and deserving the best contract, will now possess retirement plans which are far and away the best in the industry, bar none. Having been around for the last couple of years, the comment I heard the most was, "Give us a choice!" This TA provides for an astounding (and previously deemed by some to be unachievable) 30% increase in the defined benefit (A-plan) or an incredibly lucrative Market-Based Cash Balance Plan with credit for your time in the legacy plan, but a 290 FAE cap. We delivered on your desire for a choice! Furthermore, this was accomplished while also meeting your other primary goals, such as providing industry-leading compensation and preserving your industry-leading vacation policies.
I’m asking for your “yes” vote because I’ve seen the details and have no doubt about the answer. The information convinced me despite my having questions and concerns as we went through this process. Before forming your own opinion—let alone advocating a position either for or against this TA—avail yourself of all forthcoming information from your Negotiating Committee and MEC Reps.
I am personally committed to hearing and addressing all comments, questions, or concerns expressed in the coming weeks so as to enable your own informed opinions from an unbiased, level playing field.
Yours faithfully,
Some education for all the uneducated “NO “ voters out there!!!!
!!!!YES!!!!!