Fdxlag2

Many times. You have attacked me personally.

busdriver12

Are these plans being considered by the union anywhere in writing? Did I miss an email somewhere? Or are they just willing to talk about it during hub turn meetings?

Nitefrater

Did he make any mention of settlement distributions?

max8222

Had one of the settlers on my Jumpseat just after they settled. Non disclosure agreement. Maybe he made enough where he is not worried how the rest of us get screwed.

Nitefrater

But they promised that all FedEx pilots would share in any judgement or settlement. So if there was a settlement, there should be a sharing out. But you're right... "I got mine, so, non-discloure agreement!" As an absolute minimum, the contributors should get a refund.

dckozak

A lot of questions, most are loaded as any answer could be construed as self-serving. Our retirement as it is, is not fair to all groups and offers big dividends to some. Think about a second career pilot joining at 40, pulling down one retirement, than and there, while earning all the credits to receive the full A plan payout when retiring at 65. The only thing that pilot loses is incremental B plan/401K money which they may very well have been setting aside pre Fedex.

One thing I found both fair and galling in contract 2015 was any meanful improvement in B plan %. Everyone lost on retirement, old and new alike. Yet a majority voted yes. It's incredible to me that one of the major pluses of working at Fedex vs any other airline, our 5 star retirement plan, we voluntarily reduced to second class status.

As far as risk is concerned. I've stated several times, we carry risk in different forms with both the A and B portion of our retirement. The biggest benefit of the A plan (IMHO) is the life time payout. Good till death do us part . even if it will be diminished the longer we live.

Fdxlag2

We had the best retirement in the business in 2014. We have the best retirement in the business in 2017. That does not mean I think it can't be improved. But why trash the A Plan to do it? Keep what we have and add to it. When UPS added to their A Plan they did not scrap the basic 1% that has been in their contract forever, they supplemented it.

This does not mean I don't think we should be talking to the company now.

PeterGriffin

Not to be a negative nelly, but, I've heard the arguments about how they've "stressed tested" this new proposed plan in all kinds of economic downturns, but, have they looked at what happens if we lose the postal contract, and WB captains are now NB f/o's, what about another 4a2b? There are always gonna be downturns in this industry...right now, if I make 260k for 5 years and stay on property 25 years, I've got 130K at retirement. Will that be true with new proposed retirement?

StarClipper

Never attack you, we just see things different

Fdxlag2

First post I found with the search function. There are many others. The Irony is I was essentially defending the union position not the company's.