FedEx - Other Retirement Improvement Options
11-15-2017, 04:55 PM
#72
Gets Weekends Off
Joined APC: Feb 2010
Position: Socket Drawer
Posts: 1,797
I attended one of the hubturn meetings last week. They have a computer program created by (Chiron?) The actuary group that, once all of the parameters are negotiated can be plugged in by each individual pilot to show the expected gains for every pilot unique to their situation. I believe that the results will determine each pilot's vote. I think this will be a different type of vote than we have ever experienced at fdx due to the seriousness of the subject and the individual result of the model that we will have to judge it by.
11-15-2017, 05:18 PM
#73
Gets Weekends Off
Joined APC: Feb 2010
Position: Socket Drawer
Posts: 1,797
I am not trying to sound optimistic about this plan. I don't know much more than you do at this point. I have not voted yes on anything that this union has put in front of us in the past 20 yrs, but I personally feel that this vote would be better handled by itself without other extraneous factors clouding the waters.
11-15-2017, 05:34 PM
#74
New Hire
Joined APC: Sep 2010
Posts: 6
To understand where the Negotiating Committee is going, just watch the video Update Retirement Research Project (Nov 2017) on YouTube. They want to remove the 25 years of service cap (YOS). Let us take a finite pie, slice it up in smaller pieces and give more slices to everyone working past 25 years. This is why we need the option to keep our A plan to keep the union honest. If it is not fair to a certain group, they should be able to keep the negotiated benefit and walk. All i want is the same deal my predecessors got.
11-15-2017, 07:01 PM
#75
Gets Weekends Off
Joined APC: Mar 2006
Position: Crewmember
Posts: 1,377
All I want is my $25,000 VEBA check...
You had to be 54 in 2006 to get it.
It was supposed to help with your healthcare between 60 and 65.
But those same folks got to stay until 65.
And they kept the $25,000, with interest.
They got theirs, where's mine?
You had to be 54 in 2006 to get it.
It was supposed to help with your healthcare between 60 and 65.
But those same folks got to stay until 65.
And they kept the $25,000, with interest.
They got theirs, where's mine?
11-16-2017, 02:13 AM
#77
Gets Weekends Off
Joined APC: Aug 2006
Posts: 1,820
Originally Posted by The Walrus
I attended one of the hubturn meetings last week. They have a computer program created by (Chiron?)
Yes, the same company who sells and manages VB plans. I'm sure that they have a totally unbiased set of models.
11-16-2017, 03:24 AM
#78
Gets Weekends Off
Joined APC: Sep 2015
Posts: 135
Originally Posted by The Walrus
I attended one of the hubturn meetings last week.
Funny how the mind works, but I'm calling them that from now on!
11-16-2017, 03:57 AM
#79
Fill'er Up Again
Joined APC: Jun 2008
Position: Scarebus Captain
Posts: 1,089
Originally Posted by pinseeker
Yes, the same company who sells and manages VB plans. I'm sure that they have a totally unbiased set of models.
11-16-2017, 05:07 AM
#80
Gets Weekends Off
Joined APC: Feb 2010
Position: Socket Drawer
Posts: 1,797
Originally Posted by FrankTheTank
+1. What's that saying about statistics? This is no different. Propreitary modeling = desired result.
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