FedEx TA reached
02-18-2011, 07:03 PM
#481
Gets Weekends Off
Joined APC: Sep 2007
Posts: 355
Originally Posted by msduckslyr
Why are we so hell-bent on maintaining retirement age at 60? How about instead being hell-bent on maintaining what we have we instead improve retirement to include retirement at no penalty after 25 years of service, no matter what age you are. There are many in our pilot group, myself not included, that will have 25 years in their 50s. Instead of trying to keep the status quo during a negotiation, maybe we should try to get more. Now that is negotiation!
And on that note, why maintain 7% for B-Fund Contribution? As a pilot group, we should look at other carriers loss of pensions in the last 10 years, and start relying more on our B-Fund than the A-Fund anyway. Take a bit off our A-Fund, and make that B Fund contribution 8, 9, 10%. Maybe we can increase that B Fund and lose a little A Fund in every future contract until our A-Fund gets to federally protected pension limits. 20 years from now, maybe our retirement could be mostly B-Fund. Now that would be a novel idea? Would the real senior guys be willing to support that? Probably not, but it would make for some good negotiation instead of trying to keep the status quo.
And on that note, why maintain 7% for B-Fund Contribution? As a pilot group, we should look at other carriers loss of pensions in the last 10 years, and start relying more on our B-Fund than the A-Fund anyway. Take a bit off our A-Fund, and make that B Fund contribution 8, 9, 10%. Maybe we can increase that B Fund and lose a little A Fund in every future contract until our A-Fund gets to federally protected pension limits. 20 years from now, maybe our retirement could be mostly B-Fund. Now that would be a novel idea? Would the real senior guys be willing to support that? Probably not, but it would make for some good negotiation instead of trying to keep the status quo.
Please google immediate annuity, click on the first link, enter the amount of annual retirement income you'd like to have & hit enter. The result is most likely in teh seven figures, unless you are in your 20's.
The point is- unless you amass that figure of wealth, AND manage the portfolio that it is in, you will never reach the returns of our defined benefit plan.
02-18-2011, 10:24 PM
#482
Line Holder
Joined APC: Feb 2011
Posts: 95
Originally Posted by olly
Your suggestions regarding diminishing the A fund are very ill advised. Our A fund is currently funded iaw the ERISA laws. The company would have to be doing very poorly, for it to become underfunded, or ALPA would have to give it away.
Please google immediate annuity, click on the first link, enter the amount of annual retirement income you'd like to have & hit enter. The result is most likely in teh seven figures, unless you are in your 20's.
The point is- unless you amass that figure of wealth, AND manage the portfolio that it is in, you will never reach the returns of our defined benefit plan.
Please google immediate annuity, click on the first link, enter the amount of annual retirement income you'd like to have & hit enter. The result is most likely in teh seven figures, unless you are in your 20's.
The point is- unless you amass that figure of wealth, AND manage the portfolio that it is in, you will never reach the returns of our defined benefit plan.
02-19-2011, 07:30 AM
#489
Gets Weekends Off
Joined APC: Aug 2006
Position: leaning to the left
Posts: 4,184
I also have questions to the FDX group here.
What is the value of a good night's sleep to you?
What is the value of waking up in your own bed?
What is the value of waking up in someone else's bed?
What is the value of asking something like this?
What is the value of a good night's sleep to you?
What is the value of waking up in your own bed?
What is the value of waking up in someone else's bed?
What is the value of asking something like this?
02-19-2011, 07:51 AM
#490
Gets Weekends Off
Joined APC: Aug 2006
Position: B777 Captain
Posts: 566
Originally Posted by Busboy
What is the value of asking something like this?
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