FDXLAG

Actually that deduction is to help pay for everyone's healthcare after we turn 65 regardless of when you leave.

6010C

I don't know who "where" is or what kind of insurance they have but...

A 40% tax on benefits above $27,500 for a family plan will cost you "1/3" of your annual earnings?

I went to public schools and I am not a 777 Captain like you but something doesn't add up?

How do you figure?

Unknown Rider

Well, that's what they said on Fox News so...you know.

max8222

When do the VEBA deductions from our pay stop? How long do we have to fund retirement health care for the guys that do not need it? Better yet I just turned 53, are we going to leave behind the next group?

Nightflyer

I don't think VEBA deductions are going to stop.

I suspect they might even increase.

I'd be happy if I got the extra $25,000 that the "special" guys in the last contract got. After all, a lot of them didn't really "need" it to pay for their medical between age 60 and 65, but they got to keep it anyway. When asked why they didn't pro-rate it for those that stay until 65, the union leadership shrugged their shoulders and said "it's not in the contract". Well, leap frogging FE's back to the Left seat wasn't in the contract, either, but "it was the right thing to do".

The "right thing to do" would have been to pro-rate the $25,000, via an LOA, but in this case, the union leadership didn't get the job done.

But now it's too late for that.

So, now, the "right thing to do" is to make sure those of us that were left behind last time, get treated equally this time around.

To make it perfectly clear to the union leadership, I want my $25,000!

I'm not holding my breath.

I am holding on to my "yes" vote.

Of course, a TA is at least a year away, so the NC has plenty of time to get this done.

Full pull

We need to make sure we don't forget the guys who have already retired but we're not 53 , and didn't get the one time payment of 25k, when the last contract was signed.

The 25k was a one time award, funded and paid directly by the company to those pilots that were 53 on signing date. The veba we're all paying is for all of us to use at 65 to help pay the Medicare supplement when we're over 65 and no longer on fedex insurance but on Medicare.
Yes the precedence has been set and I expect this to continue in the next contract. The point of th 25 grand was to help cover health care when you retire between age 55-60 and pay out of pocket for fedex Heath insurance until your 65, that's when fedex drops you and Medicare kicks in.
Yes it should be reduced when you stay past 60 till it becomes 0 if you work till 65, you have fedex health care at that time and don't need a subside for that time your working and fedex is paying

Flyinhigh

The VEBA deduction from your paycheck is used to fund the Medicare Supplement reimbursement administered by ALPA through a company called Med Pay. You can't get this until you are 65 and enroll in a Medicare Supplement. I guess I don't understand your point. If someone leaves before age 65, how would they use this fund?

FDXLAG

On abccnnnbccbsmsnbc they said everyone saves $2500 and if you like your doctor you can keep your doctor so we know who the faux news was when it comes to healthcare don't we?

TonyC

The "next" contract then is what we call the "last" contract today. The next wave of pilots to retire (those who did not turn 53 by the specified date (wasn't signing date, but that's not important)) were supposed to be cared for in the 2011 contract (the "next" contract) so they would not be forced to retire today without the same or equivalent corresponding benefit.

The trouble is, the collective "WE" was more interested in a couple of puny pay rate increases to keep the current work rules. As those pilots now turn 60, they face a huge obstacle to retirement -- the cost of health care. We were obligated to remove that obstacle, but we failed. In fact, we didn't even try. If you thought the "Bridge" contract was such a great deal, don't EVEN complain now when a pilot turns 60 and chooses to not retire.

Greed is very near-sighted.








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Flying Boxes

And what side of the near-sighted Greed problem were you on in 2006 Tony?

Was it Greed when the union diverted scope payments to the HRA? (or just smart negotiating tactic?)

Was it Greed when there was no attempt to pro-rate the HRA?

Is it greed when the senior pilots criticize the mention of single pay rate?

So does this mean those under 53 should be picking up all the DRAFT they can handle? You know, because they have to make up for the Union not paying scope payment! This money was stolen by the union to fund the HRA for the older?

What about DPs? Is it the same union asking members not to do this?

By codifying the 25K by age, the union created a wedge between its members. Mgt is and will continue to laugh at this one. As long as the union creates subsets of "special" members, mgt will have the upper hand at negotiations. Read Animal Farm again please! Create a CBA that provides a HRA for everyone!

Gunter,
For as many times this has been explained, you should know the difference between the VEBA and the HRA. Every time the VEBA/HRA discussion comes up, you get it confused. Please take some time to read the CBA. Or at least re-read threads on here that explain it.