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Old 01-07-2024 | 05:01 AM
  #40  
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BoilerUP
Doing One Pilot's Job
 
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Maintaining the current contractual 2% FAE/$260k defined benefit, but adding a Flat Dollar Amount (FDA) option of $6500/YOS that increases $200/year to cover inflation would 1. provide an immediate 25% increase in pension to crewmembers retiring in the next decade while 2. not being costed nearly as high for future pension funding liability and 3. maintaining the existing FAE defined benefit as a baseline for the future, continuing diversified DB/DC retirement for current and future FDX pilots.

FDA would allow for a redistribution of TA1 retirement 'pie' toward a higher defined contribution and cash over cap, benefitting crewmembers of all ages and seniority.

The downside is a Flat Dollar Amount defined benefit would require negotiating capital to extend/increase in subsequent contract cycles.

Just one thought to avoid a divisive "either/or" battle on retirement structure.
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