Full pull

I guarantee you it will keep rearing its ugly head. FedEx isn't an insurance company, they want out of the pension business. It's a reality. The rest of american industry has done, doing, the same thing. We have to be smart and figure out how to transition to a replacement vehicle, not summarily executing our negtiatiors. The best we can do is delay the inevitable. How about contractualy agreeing to nonbinding exploration of this extremely complex issue during the course of the next contract. I don't have the answer, it's just a thought.

Busboy

What are you, French?

When it gets to the point that all these corporation's management teams lose their pensions, ours included...Then, maybe I'll start thinking about a transition to another retirement plan.

Full pull

That's what I like about this forum, no intelligent discussion, just insults. Like I said in my post, I don't have the answer, but I welcome any ideas.

Busboy

You're right...I apologize to the French.

FDXLAG

Didn't we summarily dismiss PIBS and it keeps rearing it's ugly head anyways? So in fact discussing it did no harm?

av8rdude

Once you buy into the notion that we may have to make concessions, whether in retirement, work rules, pay, or whatever, the company is half-way there. Nothing is inevitable. I've heard this "train is leaving the station, we better jump on" way too much. Just because other companies are ditching their pension plans doesn't mean we need to dump ours. I believe most companies are doing this just because they can and "everybody else" is doing it, not because they truly have to in order to survive. Sure, the company would save money by trashing our pensions, but at what cost to us? At a time when the company is making money hand over fist, there is no reason in the world why we should even entertain the derogation of our pensions. If they want to propose a new way to figure it or a new form altogether, fine. Just as long as each individual pilot has a choice whether to accept the change or keep what he has.

iarapilot

A big 10-4 on that. So many people on here have a mentality that wreaks of conditioning and brainwashing. There is no reason to give up anything as mentioned by other posters; unless of course we strike and lose it after that. It is time for some to man up and quit acting like a slave. Geez. I am appalled by the lack of nads that so many of our pilots have.....or havent.

max8222

most large corporations that shed their retirement plans had the whole work force on them. We are only approx 4200 pilots plus maybe another 700 that have retired out of over 130k employees. So when you speak of other corporations getting rid of their pensions you cannot compare us with them. Totally different numbers.

As for the freeze pension/B fund folks, how did your retirement funds fair the last few days? The A fund did not change at all. Just saying we are all not Warren Buffett!

pipe

That's what we need -- two different voting blocs on every contract after this one. That'll help us create unity. (sarcasm intended)

Pipe

pipe

+1...........................