MEMFO4Ever

Concur about Cheiron, this information was repeated by a block rep at the last joint council meeting. By proprietary, I believe they simply mean that it is a Cheiron specific program, nothing more. No different than if Merrill, Pru, or Milliman produced a similar product.

Likely Mercer, but it could be any company that the plan sponsor (FedEx not ALPA) chooses.

No black helicopters yet...

WhiskeyRiver

Good Morning,
I am not a social media guru so please forgive me for any mistakes on posting.
As far as "Retirement", there are a few items I have heard that could be beneficial to both FDX and "US". Since FDX thinks the DB (A) Plan is so expensive and they, (FDX) do not like variable costs according to the gentleman at MEM Meeting last week. I have heard an idea passed around that could be lucrative to both. Instead of our "A" Plan, how about negotiating 1,000 shares of FDX Stock per year for every year you have been here to a max of 25 years. Therefore, if you have been here 10 years, you get 10,000 shares. If you been here 5 years, 5,000 shares. This would certainly help offset the demise of our "A" Plan. In addition, bump up the B Plan to be in line with the other Airlines including cash over cap and profit sharing. However, Profit Sharing with the CORP FDX, not just our portion of the Corporation. And yes, you can sell the stock the next day if you choose to do so. If you decide to hang onto it, its your choice. Therefore your vested into the company in helping curb costs, ie; fuel sense. Thank you,

busdriver12

^^Gteat idea. Over 25 years would get over 5.4 million in stock. I'm sure we'd go for that plan....think the company would jump on it?

MaydayMark

For years I honestly flew as if I owned the airplane I was flying.

I've owned airplanes and they are an expensive operation (fuel, maintenance, crew costs, insurance, training). I tried my best to comply with the intent of fuel sense programs, if I owned that airplane I'd be trying to save gas. I felt an obligation to get our customers packages to their destination in a timely manner. After all, they are literally paying our salary.

After I got "sick" and went out on LTD I was treated as if I was Jerry Sandusky (maybe Harvey Weinstein?). I had embarrassed the Corporation? I was immediately prohibited from jumpseating which prevented me from checking up on sick relatives (despite the Harvey Watt docs specifically recommending in writing that I should be allowed to jumpseat on FedEx!). It kind of made me disappointed in myself for trying my very best to be the best employee I could be!

We have new Management since I left. I've met them and I like them. They seem friendlier towards the crew force than previous administrations. I hope so ...

YMMV

MM

FXDX

.............

DLax85

Thus, you will be unaffected by freezing the current A plan

You’ve already earned 20 x 2% = 40% based on your YOS, at the max $260K, yielding $104K Benefit

You certainly didn’t earn $260K in each of those 20 years, but are going to get credit for all of those because you already have your High 5

Under any new plan, you will get your next 5 years at at least $260 - which will yield AT LEAST another $26K Benefit (maybe Variable)

Your total - AT LEAST $130K

Now take a guy with 15 years and a high 5 of $220K....hasn’t maxed it yet

His 15 years get him 15 x 2% = 30% based on YOS, yielding $66K

Let’s say under new plan he works 10 years at at least $260K - which will yield AT LEAST another $52K (maybe Variable)

His total - AT LEAST $118K

$12K less than you, because his first 15 years were locked in at a lower rate

This is fair??

Any switch to a new plan MUST factor in an equitable “Years of Service Transfer/Credit” so the many cases of this don’t occur

StarClipper

There should be no new plan, the only thing the union should need to be doing is improve what’s already there. But I blame 57% of the crew force because they should have voted down the 2015 TA until there were improvements to the A plan.

The Walrus

You caught me. I was trying to screw you out of your retirement for my benefit.

DLax85

Same seniority does not equate to same situations

Age difference, Seat Progression, Choices between $$$ and QoL make situations different

The “timing” of High 5s have often differed at FedEx

The Walrus

Then PANIC. Is that better?