Age 67?

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03-04-2015, 07:28 PM

#141

matty

Gets Weekends Off

Joined APC: Jan 2006

Posts: 394

[QUOTE=FoxHunter;1837218]

Quote:

Originally Posted by trashhauler

That is nice but $260,000 in 1998 is $372,784 today. Looks to me FDX pilots have been taking a cut in their pension every year since 1998. The fact you can live with this is troubling.

Thanks George...we got it x 10! You are the KING of the inflation calculation.

When did you quit paying your dues? Part of the problem? Or part of the solution? I know you caught up and you're all good...but I'm just curious.

03-04-2015, 07:30 PM

#142

FoxHunter

Gets Weekends Off

Thread Starter

Joined APC: Aug 2005

Position: Retired

Posts: 980

Quote:

Originally Posted by MaxKts

So, why didn't you get this fixed before you retired?

I sure wish it had been fixed. I voted against that little interim raise that was agreed to. The revised contract tha ALPA got made no change, but then I did not vote for ALPA. The ALPA I joined in 1969 no longer exists. The only group that has done well is American and it's Allied Pilots Union. American pilots were among the founders of ALPA but quit over the C&I issue. Since ALPA is on the property you have no choice but support it. I disagree with a lot of things they have done but you guys better stick together because managements prime goal is to prove the pilots made a mistake by voting a union in.

03-04-2015, 07:44 PM

#143

FoxHunter

Gets Weekends Off

Thread Starter

Joined APC: Aug 2005

Position: Retired

Posts: 980

[QUOTE=matty;1837286]

Quote:

Originally Posted by FoxHunter

I quit paying dues when I sent an email to the MEC stating that the MEC was responsible for the Captains being fired over the jumpseat issue. One of the MEC wrote me back to say that the the MEC had no responsibility. Those Captains made an individual judgement. Sure Tony, Dave and the rest of the MEC pushed for Captains to bump non pilot jumpseaters. In one of the cases it was the FO that made the call. The Captain went along with it. The Captain was fired. The FO continued to work. The Captain should have told Fred to sit back and color. Fred is a nice guy, but he should not have been making those calls back then.

03-04-2015, 08:26 PM

#144

AerisArmis

Slainge Var'

Joined APC: Oct 2006

Position: Zeppelin Tail Gunner

Posts: 1,530

[QUOTE=trashhauler;1837188]

Quote:

Originally Posted by Viper446

He means instead of 2% x 25 years if you raise the multiplier it could be 2.2% x 25 years. So instead of 50% of 260K you get 55% of 260K. I can live with that.

A new multiplier would need to be in the next contract. Again, the multiplier was to compensate the guys who would not benefit from the increased B fund in the new contract.. If you didn't qualify for the multiplier in 2006 (50+ w/ 10+ years service at date of signing) you aren't covered.... period. Also, it was a snapshot looking backward. Example, if you had 10 years in 2006 and were 55 years old and retire in 2016 at 65, you have 10 years at 2.01% and the last 10 at 2.00%. The "big money" was the guy with 25+ service and 57 or older, who got 2.05% looking back. Ex: If he retired that year at 60 and had his high 5 made, he got 25 years X 2.05%=51.25.... X 260K =$133,250.

Last edited by AerisArmis; 03-04-2015 at 08:43 PM.