FDX Seniority adjustment
07-01-2015 | 03:25 PM
#31
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Joined: Sep 2006
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... Everyone's different, with different priorities and perspectives, but if we don't want to discourage people from retiring at the Normal Retirement age , we can't turn a blind eye to the problem. If we don't fix it, we shouldn't complain about people hanging out 'til 65.
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Good attempt at getting that mindset established as the norm! Inaction is not the same as an action! The precedent set by DW & BC "fixed their retirement" at the expense of the greater memberships should be rejected by all good union pilots.I think many are for improving the retirement package as long as we all have the SAME retirement benefits!
This disunity among the pilots over the 25K has grown from the seed planted by DW & BC! While he touted not having a different retirement plan for new hires, he created an even worse problem by alienating those well established union pilots who were not 53 on 1 January 2007!
07-01-2015 | 04:38 PM
#33
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Joined: Sep 2006
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Not Pro-Rating was the plan all along!
07-01-2015 | 05:19 PM
#34
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Joined: Mar 2012
Posts: 156
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07-01-2015 | 05:32 PM
#35
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Joined: May 2005
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From: Retired FDX MD11 Capt
07-01-2015 | 05:35 PM
#37
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Joined: Jul 2007
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From: FDX 767 FO
07-01-2015 | 05:43 PM
#38
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CBA 2006 Misinformation
CBA 2006 Retiree Healthcare actually encouraged pilots to stay!
The CBA established the post medicare plan for those who retire on or after 1 January 08 with VEBA contributions to offset the cost of retirement. The VEBA money used to offset the cost is the $3.2 million paid by the company (scope penalties obligated to be paid to the general membership by the CBA?), $40 Million paid by the company, and the $0.50/CH paid by active pilots. The senior pilots contribute little of their pay ($0.50/CH) compared to the junior, but still get to offset their healthcare cost from the VEBA ($43 million & $0.50/CH).
Then they sold the $25K HRA as "removing an impediment to retirement", to encourage them to retire by reducing the cost of retiring early. But the CBA explicitly states there is no pro-ration of the HRA. And Sec 27.I.7 allows the $25K HRA to pay the out of pocket expense not already covered by the junior who pay the $0.50/CH!
So FREE HEALTHCARE by staying until 65!
I am not against reducing healthcare costs. But not by robbing my union brothers and sisters!
07-01-2015 | 05:45 PM
#39
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Joined: Sep 2006
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Go to FedEx ALPA and sign in. Around the center of the page there is a tile labeled "seniority crystal ball". It will project your seniority every year until you retire.
07-01-2015 | 08:31 PM
#40
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Joined: Aug 2006
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From: leaning to the left
Now read Sec 27.I.7
CBA 2006 Retiree Healthcare actually encouraged pilots to stay!
The CBA established the post medicare plan for those who retire on or after 1 January 08 with VEBA contributions to offset the cost of retirement. The VEBA money used to offset the cost is the $3.2 million paid by the company (scope penalties obligated to be paid to the general membership by the CBA?), $40 Million paid by the company, and the $0.50/CH paid by active pilots. The senior pilots contribute little of their pay ($0.50/CH) compared to the junior, but still get to offset their healthcare cost from the VEBA ($43 million & $0.50/CH).
Then they sold the $25K HRA as "removing an impediment to retirement", to encourage them to retire by reducing the cost of retiring early. But the CBA explicitly states there is no pro-ration of the HRA. And Sec 27.I.7 allows the $25K HRA to pay the out of pocket expense not already covered by the junior who pay the $0.50/CH!
So FREE HEALTHCARE by staying until 65!
I am not against reducing healthcare costs. But not by robbing my union brothers and sisters!
CBA 2006 Retiree Healthcare actually encouraged pilots to stay!
The CBA established the post medicare plan for those who retire on or after 1 January 08 with VEBA contributions to offset the cost of retirement. The VEBA money used to offset the cost is the $3.2 million paid by the company (scope penalties obligated to be paid to the general membership by the CBA?), $40 Million paid by the company, and the $0.50/CH paid by active pilots. The senior pilots contribute little of their pay ($0.50/CH) compared to the junior, but still get to offset their healthcare cost from the VEBA ($43 million & $0.50/CH).
Then they sold the $25K HRA as "removing an impediment to retirement", to encourage them to retire by reducing the cost of retiring early. But the CBA explicitly states there is no pro-ration of the HRA. And Sec 27.I.7 allows the $25K HRA to pay the out of pocket expense not already covered by the junior who pay the $0.50/CH!
So FREE HEALTHCARE by staying until 65!
I am not against reducing healthcare costs. But not by robbing my union brothers and sisters!
Post medicare plan...POST being the key word. The .50/hr VEBA we all pay. That is payable to all of us, even the new hires, and is used to offset the cost of medicare supplement plans. That happens when you reach age 65.
Lack of pro-ration? The 2006 contract was signed prior to the age 65 change. Yes, prior to that, some guys went to the back seat at age 60 and wrenched. But, the majority retired at age 60, prior to the age change.
I'm not making excuses for anyone...But, I don't think anyone knew when negotiating the 2006 contract that age 65 was going to happen. So, I assume pro-rating did not seem essential. But, in hindsight, I would say that pro-rating is certainly a no brainer in most people's eyes. Including mine.
As far as the age 53 on Jan 01, 2007 requirement. And, I may be wrong about this...But, I believe it is caused by accounting regulations and the timing of funding it. That's why it was suppose to be renegotiated each subsequent contract.
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