Go Back  Airline Pilot Central Forums > Airline Pilot Forums > Cargo > FedEx
Fedex Pilots proposed retirement plan >

Fedex Pilots proposed retirement plan

Notices

Fedex Pilots proposed retirement plan

Old 08-09-2017, 01:28 PM
  #141  
Gets Weekends Off
 
Joined APC: Aug 2006
Posts: 1,820
Default

I was told by a very reliable source that the union is presenting their plan to change retirement to the company this week.

So much for letting the crew force know what is happening and what the results of their research are. So if the company says they are not interested in that plan, are they going to adjust the plan and go back to the company and see if they are happier now? Just as much transparency as there has ever been.
pinseeker is offline  
Old 08-09-2017, 04:26 PM
  #142  
Gets Weekends Off
 
Joined APC: Jul 2006
Position: 767 Cap
Posts: 1,306
Default

Originally Posted by pinseeker View Post
I was told by a very reliable source that the union is presenting their plan to change retirement to the company this week.

So much for letting the crew force know what is happening and what the results of their research are. So if the company says they are not interested in that plan, are they going to adjust the plan and go back to the company and see if they are happier now? Just as much transparency as there has ever been.
So you've already talked to your block rep to find out if this rumor has any substance, and he or she refused to answer?
fdx727pilot is offline  
Old 08-10-2017, 04:47 AM
  #143  
Gets Weekends Off
 
Joined APC: Mar 2006
Position: Crewmember
Posts: 1,368
Default

If the union is talking to the company, I would expect them to let us know first.

If they do not, then I have lost all faith in "my" union.

I have been hear 20 years and have been constantly told that it's "my" union. Yet when I have asked my block rep or NC to fix something in the contract for us, even something simple, they can't be bothered.

The union leadership has its own agenda, and it does not always agree with the average crew force member's needs. They think they are smarter than us, and they have proven they are not.

ALPA national is even worse. They are self serving for the pax carriers. What ever happened to "one level of safety"? They are a joke. They take our money, and spend it to help the pax carriers. We are an after thought, if we are even a thought at all. We are suckers, paying our dues to an organization that cares little about our needs.

We are being cheated on per diem, but ALPA won't negotiate to raise it more than a nickel or dime because they don't get dues from it.

The union did a hard sell on the last contract, despite telling us they wouldn't. If they had done a better job, they wouldn't have to do a hard sell, and it would have passed by 90%. We got played, again, like always.

No wonder many of us are concerned about them negotiating away our retirement.

The company has no reason to give us a better deal out of Section 6. If they agree to a deal, you can bet it is in their favor, not matter how the union "leadership" spins it.

Beware! Think before you vote on anything!!!
Nightflyer is offline  
Old 08-10-2017, 06:39 AM
  #144  
Gets Weekends Off
 
Joined APC: Aug 2006
Posts: 1,820
Default

Originally Posted by fdx727pilot View Post
So you've already talked to your block rep to find out if this rumor has any substance, and he or she refused to answer?
Not a rumor. Maybe you should contact your block rep.
pinseeker is offline  
Old 08-10-2017, 06:46 AM
  #145  
Gets Weekends Off
 
Sluggo_63's Avatar
 
Joined APC: May 2005
Posts: 1,268
Default

New video out. David Blitzstein talking about FedEx pilot pensions and pensions in general. About 25 minutes long. Interesting.
Sluggo_63 is offline  
Old 08-10-2017, 07:00 AM
  #146  
Gets Weekends Off
 
155mm's Avatar
 
Joined APC: Nov 2014
Posts: 454
Default

Originally Posted by Sluggo_63 View Post
New video out. David Blitzstein talking about FedEx pilot pensions and pensions in general. About 25 minutes long. Interesting.
Doomsday propaganda?
155mm is offline  
Old 08-10-2017, 07:21 AM
  #147  
Gets Weekends Off
 
Joined APC: Jan 2011
Posts: 150
Default

I watched that video...seemed pretty vague. He talked about how major league baseball had this type of plan, but in my opinion, they have to have a plan like that since they get traded from team to team all the time. There were no specifics on how much more we could get by having this type of retirement plan, however he did say that it would adjust up and down depending on the performance...hmmm...also, sounds like this plan will not be covered under PBGC should it fail...if our pension plan was under funded and fedex was struggling as a company, might be worth a look, but all I see is more risk for us, less obligation for the company...just my 2 cents...
PeterGriffin is offline  
Old 08-10-2017, 09:56 AM
  #148  
Gets Weekends Off
 
Joined APC: Jul 2017
Posts: 121
Default

I watched the video. I'm willing to at least look at what they are proposing. But after 25 minutes, they really didn't show what it actually IS. This is a variable plan, blah, win win, blah. If they want trust from the crew force we need to see the actual proposal, numbers by the numbers, formally.

Just my humble, junior opinion.
5millionaire is offline  
Old 08-10-2017, 09:58 AM
  #149  
Gets Weekends Off
 
DiamondZ's Avatar
 
Joined APC: Feb 2005
Posts: 489
Default

'Proposal from pilots that reduces contribution and funding volatility and allows FedEx to better manage and budget its pension obligations will be well received.'

Bullet point 3 from Action Plan

Thank goodness this proposal will be 'well received'.
DiamondZ is offline  
Old 08-10-2017, 10:14 AM
  #150  
Gets Weekends Off
 
Joined APC: Aug 2006
Posts: 575
Default

Reminded me of getting invited to a presentation that was told was a great potential for early retirement. After a lot of how much money everyone on the stage has made and how they retired early was told it was Amway!

I do not wanna sell job,I want hard numbers because that is what I have right now. Saying it can go up and down with the market does not sound very secure to me. Just more risk.

If it saves the company money, that money better go in my pocket! Otherwise I am not interested.
max8222 is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Albief15
Cargo
69
07-03-2015 09:59 AM
steamgauge
Cargo
95
03-24-2013 05:55 PM
Freighter Captain
Cargo
3
05-16-2005 06:00 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Thread Tools
Search this Thread
Your Privacy Choices