New Variable Benefit Plan Modeler
05-21-2018, 05:56 AM
#22
Gets Weekends Off
Joined APC: Jun 2006
Position: Yeti SB150
Posts: 184
Please excuse my lack of comprehension on the topic as I’m an outsider looking in. With the historic trend of legacy airline pilot’s loosing their pension plan because of bankruptcy, do FedEx pilot’s have protection against this threat? Is there talk about going to only a 401k?
Years ago I was flying a bizjet with a great guy and we started talking about his prior experience........ he was #1 at United for over 5 years . His pension gone and he was stuck flying rich people around. I was very young and inexperienced at the time, but this struck a cord with me.
Is there any interest from the pilot group/ALPA about going full 401k while the retirement discussion is on the table?
Years ago I was flying a bizjet with a great guy and we started talking about his prior experience........ he was #1 at United for over 5 years . His pension gone and he was stuck flying rich people around. I was very young and inexperienced at the time, but this struck a cord with me.
Is there any interest from the pilot group/ALPA about going full 401k while the retirement discussion is on the table?
05-21-2018, 09:42 AM
#24
Gets Weekends Off
Joined APC: Jul 2007
Position: Gear Monkey
Posts: 3,191
Originally Posted by MEMFO4Ever
Sounds great. The company will not. Other suggestions?
What does that first word in “Negotiating Committee” even mean?
Question: The proposed VB plan forecasts higher benefits for certain pilot cohorts, will it cost the company more money?
Please answer, then let’s circle back and talk some more.
05-21-2018, 12:47 PM
#26
Gets Weekends Off
Joined APC: Jun 2006
Position: Yeti SB150
Posts: 184
Originally Posted by BoilerUP
If FDX goes into bankruptcy and pilots lose their pensions ala post-9/11 bankruptcy concessions...just how well do you think the stock market will be doing for 401k & DC funds?
05-21-2018, 01:30 PM
#27
The NeverEnding Story
Joined APC: Sep 2005
Posts: 7,504
The difference is FDX (and UPS) don’t solely have a defined benefit retirement; they are diversified with both DB and DC.
I don’t believe the pre-9/11 “big six” had defined contribution plans alongside their DB plans.
I don’t believe the pre-9/11 “big six” had defined contribution plans alongside their DB plans.
05-21-2018, 10:30 PM
#28
Gets Weekends Off
Joined APC: Nov 2005
Position: 757 Capt
Posts: 2,418
Dlax,
have to remember the notional Cap fills in the bad years, of which 2016 was one...not looking it up, but think mkt return was approx 1% that year.
Of course, that poor return year is included in the model already...as is the meltdown in 2008, the crash associated with 9-11, and the dot.com meltdown
The cap would help mitigate those years of course, but after looking at the models, and reading some of the projections others have posted...thinking I’d rather skip that part.
2% floor still results in a better outcome than our current plan
have to remember the notional Cap fills in the bad years, of which 2016 was one...not looking it up, but think mkt return was approx 1% that year.
Of course, that poor return year is included in the model already...as is the meltdown in 2008, the crash associated with 9-11, and the dot.com meltdown
The cap would help mitigate those years of course, but after looking at the models, and reading some of the projections others have posted...thinking I’d rather skip that part.
2% floor still results in a better outcome than our current plan
05-22-2018, 12:18 AM
#29
Gets Weekends Off
Joined APC: Mar 2012
Position: Two Wheeler FrontSeat
Posts: 1,162
Originally Posted by kronan
Dlax,
have to remember the notional Cap fills in the bad years, of which 2016 was one...not looking it up, but think mkt return was approx 1% that year.
Of course, that poor return year is included in the model already...as is the meltdown in 2008, the crash associated with 9-11, and the dot.com meltdown
The cap would help mitigate those years of course, but after looking at the models, and reading some of the projections others have posted...thinking I’d rather skip that part.
2% floor still results in a better outcome than our current plan
have to remember the notional Cap fills in the bad years, of which 2016 was one...not looking it up, but think mkt return was approx 1% that year.
Of course, that poor return year is included in the model already...as is the meltdown in 2008, the crash associated with 9-11, and the dot.com meltdown
The cap would help mitigate those years of course, but after looking at the models, and reading some of the projections others have posted...thinking I’d rather skip that part.
2% floor still results in a better outcome than our current plan
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