finedavefine

Having Captains retire early, does nothing but increase the corporations' bottom line. Given the fact that all Captains and in fact, all crewmembers, are trained to a given standard, then it makes sense that if the senior Captains retire, their place will be taken by someone a little more junior, who will make slightly less money, thereby decreasing the overall labor cost. The company would be very happy if the top 25% of pilots in each and every seat retired tomorrow. And from what I can see here, so would the rest of the crew force. Safety should not become an issue, because again, we're all trained to a standard. However, experience and corporate knowledge would be sacrificed, but then it's hard to assign a dollar value to those attributes.

RedeyeAV8r

The only problem with this logic is our Pay tops out at 15 years Longevity.
So a 15 year Captain makes the same as the 28 year Captain he/she will replace, not to mention the training costs they could potentially incur.

You could also make the argument that it actually cost the Company More.
If a Pilot retires early, he starts drawing Retirement from the Fund earlier than the Company planned. The fund has minimum funding requirements which could require the Company to increase the Plans overall funding.
If you believe the theory that the earlier one retires the longer one lives in retirement, then it potentially could cost the company more due to longer or more retirement Checks than was planned by the Actuaries.

Now if you meant to say if Pilots starting retiring early and incurred the early retirement 2%/year penalty or if all pilots retired before they hit the 25 year A plan Cap that might be true. Also, if a Pilot retires and he is Not replaced , say off the 727 or MD-11, then I would certainly agree.

In any case, It is good to see the massive increase in Retirement FCIFs and I hope this continues steadily in the coming years.

Los1

ALPA has a new retirement calculator on its FX MEC website...It says I have made 91 numbers since 1 Jul 2011. YMMV!

MCFlyer

Once FedEx begins accepting new profiles on Pilot Credentials, what are the requirements to start a profile?

Are you required to have the ATP Certificate? Currently I am working toward the ATP but won't have it until March or so. I attempted to start a profile about a year and a half ago but as I recall the ATP was a requirement to start the profile. Not 100% sure though..

A buddy of mine said he started a profile a while ago without having the ATP. Possible something that has changed over the years..?

Also, is there any standard to how long the profile window will be open..historically.... a week, month, few months..?

Thanks in advance for any info passed!

MCFlyer

TailDragon

Can someone who recently interviewed give a run down of the process? Are the gouges online accurate?
Also, can a current FedEx pilot give a tale of a "typical" month?
Thanks

FDXLAG

http://www.airlinepilotforums.com/ca...-pairings.html

Of course like most threads it degenerates quickly. Try searches this forum with "typical" "FDX" (or Fedex) and "schedule".

olly

Dont forget the value of vacation:
A pilot with longevity of 20 years or more shall be eligible for 36 days vacation.

A pilot with longevity of at least 10 years, but less than 19 years, shall be eligible for 29 days vacation

So that 20+ year guy's 7 extra days of vacation (7*6* 254~$11k per pilot).

Additionally that junior captain that is already maxed out at 15, will have to be replaced in his f/o seat by significantly more junior guy. i.e. 15 year MD f/o goes to capt replacing a 25 year capt- same crew cost except the vacation (and variable A fund contribution), but his replacement f/o is probably on 3-8 year f/o pay, no where near the scale of the vacating capt to be (new guy is ~ 20% less). The ANC crew costs looked more efficient than mem on many different metrics, but when 30% of the f/os up there were on year 3 pay or less, it looked much "cheaper" than mem, were most of the MD f/os were > 6 years on the pay scale.

ERISA laws stipulate that two of the factors that drive the defined benefit plan contributions are the number of annuitants and the actuary of the annuitants.

So one of the big variables is the actuary of the annuitants with an unknown annuitant schedule. i.e. 65, 64,63, 62, 61, 60 or less. One of the reasons that, IMHO, the company did not take a definite stake in the age 65 legislation, is that perhaps the acturary of a 65 year old retiree is far less than a 60 year old retiree- thus legally allowing for lower annual contribution levels (lower labor costs), compared to all pilots starting an annuitant schedule at age 60.

skypine27

+1
I took this job for the flexibility it (at one time) offered. Not to work myself to death.

Glad to hear some others appreciate being able to drop trips and r-days

ClutchCargo

Couldn't find it. Where exactly is it located?

Pakagecheck

You gotta be logged in, go to FDX MEC
Then the tab pilot services.
Hope this helps