Originally Posted by
IFartInYourSeat
100%. I wasn’t so much conflicted with staying in the legacy plan as I was when the former R&I Chair shot the email to the NC about a scenario in which the company and pilot group could agree to terminate the pension for all active pilots. I can screen shot the response, but I’m not too literate on the nuances of the language they were using (just a pilot). Anyways, my key takeaway was the NC response saying
“Yes. Under federal law, standard termination of the pension could occur while there are active pilots in the legacy DB plan; however, of utmost importance is the fact that the FedEx Pilots Pension Plan can only be terminated if ALPA agrees to such termination.”
(I didn’t underline it, the email did.)
This response made me now realize that in 24 years, when I want to retire, will the A Plan be there if most of the pilot force is on the MBCBP? And if they are, will the company posit something to eliminate the pension, essentially affecting my old self?
I don’t know! This is what I mean by the “stripping away” of the pension. There is no certainty, and some CAs I’ve flown with have said it’s foolish for me to expect the company to be beholden to paying me one.
oh my gosh! Imagine what that would be like…a bunch of pilots get hired under unusual circumstances and then they want to trade the value of your pension that you earned and defended for a career, and divide that up among themselves….
They’ll probably tell you that you had plenty of time to make your money, but this is their company now.
prolly never happen …