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Originally Posted by purpledog
(Post 235360)
I agree. I'd much rather have theirs instead of being excluded again from any A fund increases.
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Are you really such a know it all?
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Originally Posted by Bohica
(Post 235541)
Are you really such a know it all?
Care to dispute that with Facts? |
Originally Posted by RedeyeAV8r
(Post 235556)
I know that we have the best Retirement in the industry.
Care to dispute that with Facts? Said the United Guy in 2001 Said the Delta Guy in 2002 Only time will tell, could be SW has the best in the industry. |
Originally Posted by FDXLAG
(Post 235565)
Said the USAIR guy in 1999
Said the United Guy in 2001 Said the Delta Guy in 2002 Only time will tell, could be SW has the best in the industry. Look, nobody can predict the future, or if we could we'd all be rich. I never said we have the most "Secure" retirement in the industry. I said we have the best..............and that a fact. Even in 1999 we had the best retirement, USAir had a 60% A plan but No B plan. Delta also had 2% per year A plan like us and they also had a Good 401k Match, Our B plan was better. Yes UAL had a very good retirement, but the pilots agreed (even before UAL had financial trouble) to finance the Employee Buyout of UAL to Get rid of S. Wolf. They funded the buyout with funds from their retirement and took UAL Stock as repayment. We all know the end to that story. Wolf left happily with his millions and then failed UAL merger with USAir sent UAL stock tumbling, and then 9/11 and bankruptcy making the UAL stock and Pensions worthless. At FedEx We have a nice mix of both. Now if you want to turn this into a philisophical debate that we need to go to an All B fund argument, that is fine but it is a different subject. There are risks and other downsides to a B Fund only Retirement plan. I personally like the mix. Could we make tweaks here and there to imporve it. Yes. I stand by the statement We have the Best retirement in the Industry. Currently no one has a better one. Actually, Nobody has had a better one for the last 9 years. |
Originally Posted by Gunter
(Post 235321)
Maybe RedEye is looking at VEBA....
RedEye, You call some spoiled rich kids. We call some senior bubbas cranky old dudes. How about another list. 1) Scope payments going to VEBA with no vote. VEBA assessment on newhires and under 60 SOs. . 2) Change in age 60 position with no vote. 3) Calls for "Doing the right thing" when it concerns older members. Followed by calls to be lucky for what you have and stories of how tough it was in the old days when passover rules are broken. 4) Concessionary LOA hailed as anything but concessionary. And when the MEC is called on it, they say the information is coming...soon. And it will be complete when it comes. Well, I'm still waiting. Maybe Jack Lewis' e-mail was what the MEC had in mind. Thank you. Never received an explanation why STV was agreed upon as a concession to current SIBA rules. The MEC NEVER listed concessions for us. The STV was modified only after the membership indicated outrage. No outrage at all from any MEC member. All I know is every single MEC member says "Don't worry about it" because we (senior bubbas?) won't have to go. You'll see how "spoiled" we are when newhires go to Paris and Hong Kong and many of us get STV love. We'll all pretend to be "shocked" by their stories of how spartan they lived. |
Amen!
....... |
Originally Posted by RedeyeAV8r
(Post 235571)
Look, nobody can predict the future, or if we could we'd all be rich.
I never said we have the most "Secure" retirement in the industry. I said we have the best..............and that a fact. Even in 1999 we had the best retirement, USAir had a 60% A plan but No B plan. Delta also had 2% per year A plan like us and they also had a Good 401k Match, Our B plan was better. Yes UAL had a very good retirement, but the pilots agreed (even before UAL had financial trouble) to finance the Employee Buyout of UAL to Get rid of S. Wolf. They funded the buyout with funds from their retirement and took UAL Stock as repayment. We all know the end to that story. Wolf left happily with his millions and then failed UAL merger with USAir sent UAL stock tumbling, and then 9/11 and bankruptcy making the UAL stock and Pensions worthless. At FedEx We have a nice mix of both. Now if you want to turn this into a philisophical debate that we need to go to an All B fund argument, that is fine but it is a different subject. There are risks and other downsides to a B Fund only Retirement plan. I personally like the mix. Could we make tweaks here and there to imporve it. Yes. I stand by the statement We have the Best retirement in the Industry. Currently no one has a better one. Actually, Nobody has had a better one for the last 9 years. |
Originally Posted by FDXLAG
(Post 235776)
No disagreement, on paper we got a dang good retirement plan. But as I said only time will tell. Could be Uniteds current plan is better.
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Originally Posted by A300_Driver
(Post 235893)
Dude, 15% of not much is not much... I'm not trying to slam them--you do need a reality check!!!
Dude lets do the math: 2% X 20 years X 0 + PGBC < not much. You people are still tough to agree with. I said our is great. Reality check time; if nothing changes in the next 25 years I am looking forward to an outstanding pension plan. Thanks dude. |
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