This is exactly the wrong kind of thinking that is so pervasive here at FDX. Why would do this to ourselves? Company whats age 65 retirement, not the majority here=leverage.

 

"THE ONLY WAY NORMAL AGE 60 RETIREMENT CAN CHANGE IS IF WE VOTE FOR IT!"

or lose in arbitration ... that was my point

 

What would make you think we'd let it go to arbitration?

 

Not saying we would, just another way it could change..

 

Just keep voting no until we have what we want.

 

Lose the zero sum mentality

 

Fly the contract.

 

3 Years ago at my welcome to the Union "meet and greet" in Germantown, DW (With BC in attendance) said his goal was to see a small decrease of the A fund, and a substantial increase (He said 2-5 percent) in the B fund in each negotiated contract so that the A fund was eventual reduced to federal pension limits. That was to start in the last contract that obviously was not done. He said this way those close to retiring would not lose out on the A fund they were counting on except for a small percentage, but those of us new guys could eventually count on a very good B fund with a smaller A fund. This sounded good to me after seeing some of our other pilot brethren lose their A funds.

My guess is his older buds didn't want to give up a cent of that A fund in the last contract to substantially help out the younger guys, and hence it was all but rhetoric to please the newbies to the Union. Now it all makes sense after this retro age 60 return to "their" seats debacle. Why in the world would the older guys help out the younger guys? It is very clear the older guys have little intent to help out the young. That stupid A fund will always stay with current leadership, and I doubt if we ever see a "substantial" increase in our B fund. I sure hope to be proved wrong!

 

There's the rub. I think the company would disagree with you. For future contracts to have age 60 retirement WILL require a change (ie changing the wording from "regulated age" to "age 60") of our contract. This will require negotiation.

 

We need to freeze it, and get out of the pension business. Just like NWA did.

I watched what happened to my uncle over at UAL. If he didn't have his military retirement he'd be collecting shopping carts in the Walmart parking lot.

Let me get this straight... in 23 years, Fedex will still be around, will not be in bankruptcy, and will still be willing to pay their pension obligations. I'm supposed to hang my plans on that?

Just give me the money. I'll invest it myself, thanks.

Oh, and age 65 will be the new normal retirement. After all, there's a resolution that our MEC signed saying that. Every single one signed it. Wait till THAT gets shown to the arbitrator.....