FDX: Latest FCIFs regarding retirement plans?
01-19-2008, 07:01 AM
#22
Gets Weekends Off
Joined APC: Aug 2006
Posts: 1,433
Originally Posted by EGGMAN
I don't buy one word of it, this is a pure setting for a change. We've NEVER gotten these before. Theres a reason we all got these as fcifs. Now is the time not to accept anything face value from management.
01-19-2008, 09:19 AM
#23
...Whatever It Is!
Joined APC: Jul 2006
Posts: 4,680
Originally Posted by MaydayMark
I "think" he flew draft while he was on paid union trip removal (he was supposed to be negotiating our FPA contract as NC chairman!). The version of the story I heard said the VP of Flight Ops called the union and asked if they knew about it!*?
01-19-2008, 11:36 AM
#25
Line Holder
Joined APC: Feb 2006
Position: MD-11/MD10
Posts: 42
Originally Posted by highflyer
Nothing routine about those requests to the IRS at all. I've never seen them in FCIF format before. Sounds like we're about to give up something to keep what we've already got... 
01-19-2008, 01:22 PM
#26
Line Holder
Joined APC: Feb 2006
Position: MD-11/MD10
Posts: 42
Originally Posted by MaydayMark
Hey lurking union bubbas (Sleepy, TonyC, Albie and others!), COULD WE PLEASE GET A PLAIN ENGLISH INTERPRETATION OF WHAT THIS IRS DETREMINATION STUFF IS ALL ABOUT!*? I know it's Friday night (and we all know the company frequently drops F-bombs on Fridays), but this is really important.
Thanks,
And PS ... thanks again for supporting the age 65 position. I hope it doesn't have major implications to our retirement? Didn't ALPA promise us it wouldn't change any of our present contract?
Thanks,
And PS ... thanks again for supporting the age 65 position. I hope it doesn't have major implications to our retirement? Didn't ALPA promise us it wouldn't change any of our present contract?
01-19-2008, 02:13 PM
#28
...Whatever It Is!
Joined APC: Jul 2006
Posts: 4,680
Originally Posted by Sleepyflyer
MaydayMark - what the heck is a union bubba??? Yes, I've been a member of ALPA for many years, starting back when the commuter airlines became eligible for ALPA membership. However, I am NOT a union rep in any way, shape or form! As far as FedEx's talks with the IRS is concerned, I think (my own opinion only) that P-S-P has always meant profit-service-people. I think FedEx may be planning to petition the IRS to rule on being able to reduce FedEx's contribution to our retirement plans, if FedEx needs to in order to maintain a healthy profit margin. Remember, I'm only saying a possible reduction, not elimination. I feel these current FCIF's are the initial contacts with the IRS to see what the response by the IRS might be. Hope this helps; the warning lights are on - be positive and alert!
He's refering to a different Sleepy!
01-19-2008, 02:22 PM
#29
Gets Weekends Off
Joined APC: Nov 2006
Position: 767 FO
Posts: 8,047
I have seen the FCIFs every year I have been here. Normally it is not an FCIF but part of the retirement statement they send us every year. There really is no reason to get spun up but that is certainly every pilot's choice.
01-19-2008, 03:10 PM
#30
Gets Weekends Off
Joined APC: Apr 2006
Position: 767 CA
Posts: 1,876
Originally Posted by FDXLAG
I have seen the FCIFs every year I have been here. Normally it is not an FCIF but part of the retirement statement they send us every year. There really is no reason to get spun up but that is certainly every pilot's choice.
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