Originally Posted by
Piloto Noche
I would like to re-visit this concept...The company "giving up something" to change the retirement age.
In all our previous negotiations, the company has come to the table with the Pie concept. They say, "Look, here's the Pie, split it up however you want. And if you want to delay splitting up this pie, we can continue operating with the current contract forever".
The union has always responded, "You can afford to make the pie bigger." and of course the company says "no we can't" or "we're not going to make the pie bigger." So, the only stick we have is the ultimate one, the job action. How many job actions has the FedEx crew force participated in thus far? Do you really think this group could pull one off this time? (I know, I'm preaching to the choir here; but the APC group isn't typical of the crew force.)
So, again, what would you be willing to give up, for the rest of your career, to keep the age at 60?
60-65 VEBA.
Hub turns through EWR.
Scooby Snacks.
Your concept is still wrong, if they want to change the retirement age what is it worth to them. Maybe we can all group together and give up 2% of our paychecks to form an organization. That organization can hire some accountants to figure out what the benefit costs fred.
I sure hope we get a lot more than age 60 retirement for Scooby Snacks.
PS Freeze the current pension plan; switch to a pure DC plan (not the one they snookered everyone else with) and we won't have to worry about getting emails from the R&I guys about the health of the pension plan.