Quote:
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?
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!