FedEx Pilot-to-Pilot Conference Update to TA
09-16-2006, 07:48 AM
#51
Gets Weekends Off
Joined APC: Aug 2005
Position: Retired
Posts: 980
Originally Posted by Busboy
It is .01%. However, it's a multiplier. So, you add it to the normal 2%/yr, and then multiply that by years of vested service. At 25yrs, it comes out to 2.5%. Or, a $6500 difference, in your $260,000 example. That would be $260,000 X 52.5% vs. 50%.
However, it's vested years of service as of the date of signing. So, in the example above you'd have to be hired in 1981, or earlier. If you were hired in 1990, your multiplier would add up to 1.6%. 16yrs X .01.
However, it's vested years of service as of the date of signing. So, in the example above you'd have to be hired in 1981, or earlier. If you were hired in 1990, your multiplier would add up to 1.6%. 16yrs X .01.
16 years X 01%=.0016 or .16% not 1.6%
If you have 25 years at age 58/59 the multiplier is .05%. 25 years X .05%=.0125 or 1.25% not 12.5%.
These numbers do not take into account the multiplier of the current contract.
09-16-2006, 12:31 PM
#52
Gets Weekends Off
Joined APC: Aug 2006
Position: leaning to the left
Posts: 4,184
I stand corrected. I can read, but not multiply and put the decimal in the right spot. Funny, my 13 year old does the same thing. Maybe I should just let him put some answers on this board, too.
Thank you.
Makes quite a difference. I like my way more.
Thank you.
Makes quite a difference. I like my way more.
Last edited by Busboy; 09-16-2006 at 12:36 PM.
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