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Old 11-14-2005, 06:27 PM
  #5  
fr8rcaptain
Gets all holidays off
 
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Joined APC: Feb 2005
Position: Retired UPS 767 Captain, SDF Z
Posts: 431
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Obviously we are going to try to raise the bar, but which bar do you really want to raise?

Our B Plan is already better than yours, it's our A plan that bites. At it's current 1% per YOS minus a social security offset, many of our pilots who worked for years as a contractor didn't start this accrual until UPS formed in 1988. So the most senior (with a few exceptions) guy (17 years of service right now) would currently get 17% of base pay MINUS any social security offset. We now have over 160 former Captains sitting sideways waiting for a "retroactive" A Plan increase, or some sort of buyout. We're talking huge amounts of CASH that must be laid out by UPS at contract ratification. This is a big improvement for us.

Of course we're assuming an A Plan will be around when I retire in 14 years?

Lets wait until we see a TA before we start making too many assumptions about what is being discussed anyway. Cheers.
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