Go Back  Airline Pilot Central Forums > Airline Pilot Forums > Cargo > FedEx
Retirement Plan Negotiations? >

Retirement Plan Negotiations?

Search

Notices

Retirement Plan Negotiations?

Thread Tools
 
Search this Thread
 
Old 12-14-2018 | 11:27 AM
  #141  
Banned
 
Joined: Feb 2013
Posts: 674
Likes: 0
Default

Originally Posted by CL300
At job fairs, the wait in line to see DL, UA and AA is six hours long. The line to see UPS and Fedex is 15 minutes.

Most people haven’t realized the best job in aviation could be flying a cargo plane full of rubber dog $hit out of Hong Kong.
You keep telling yourself that, Sparky.
Reply
Old 12-14-2018 | 01:49 PM
  #142  
Gets Weekends Off
 
Joined: Nov 2017
Posts: 2,174
Likes: 1
Default Retirement Plan Negotiations?

Originally Posted by LJ Driver
Not an employee of either currently but hoping to join your ranks soon... just curious to know why this may be the case?

Just anecdotal but in the last few years, out of all the regional pilots I’ve talked to, the vast majority (80%) talk about going only to a passenger airline. And like the above poster, the lines are always longer at the passenger airlines compared to the cargo airlines. I contend that the pilot shortage will hit the major passenger airlines last and UPS/FDX before them with ULCCs/ACMI before that and the regionals right now.
Reply
Old 12-14-2018 | 07:02 PM
  #143  
Gets Weekends Off
 
Joined: Jan 2018
Posts: 112
Likes: 0
Default

Originally Posted by FXLAX
Just anecdotal but in the last few years, out of all the regional pilots I’ve talked to, the vast majority (80%) talk about going only to a passenger airline. And like the above poster, the lines are always longer at the passenger airlines compared to the cargo airlines. I contend that the pilot shortage will hit the major passenger airlines last and UPS/FDX before them with ULCCs/ACMI before that and the regionals right now.

This is because regional pilots don’t know much about the cargo industry and are accustomed to passenger service. I didn’t know much about FedEx until attending the job fair and learning about the operation. Needless to say it was a blessing to make the switch to cargo. My QOL will be way better than a passenger airline.
Reply
Old 12-16-2018 | 04:30 PM
  #144  
Line Holder
 
Joined: Jun 2014
Posts: 330
Likes: 1
Default

Originally Posted by Anthrax
You keep telling yourself that, Sparky.
The job fair wait lines are the truth. Sheeple gravitate to pax carriers when times are good.

Some of aren’t bitter because we fly boxes. Sorry you are.....
Reply
Old 12-16-2018 | 04:56 PM
  #145  
Banned
 
Joined: Feb 2013
Posts: 674
Likes: 0
Default

Originally Posted by CL300
The job fair wait lines are the truth. Sheeple gravitate to pax carriers when times are good.

Some of aren’t bitter because we fly boxes. Sorry you are.....
I believe you about the lines, Sparky. I take issue with your smug job satisfaction. Sure, cargo is a good gig, but I would argue by default. We lagged behind until after the collapse, and then patted ourselves on the back for that which was beyond the control of the pilot group, which was bankruptcy. Aren’t we clever. We led the pack for a bit, getting more and more smug, but haven’t had the resolve to fight for any real gains, mostly because IMO the slim majority are ensconced in your smug satisfaction and/or fearful of a prolonged negotiation in which we use our legal tools for substantial gains. I’m not bitter about the job. Just you, Sparky. Just bitter about you.
Reply
Old 12-16-2018 | 05:36 PM
  #146  
Line Holder
 
Joined: Jun 2014
Posts: 330
Likes: 1
Default

Originally Posted by Anthrax
I believe you about the lines, Sparky. I take issue with your smug job satisfaction. Sure, cargo is a good gig, but I would argue by default. We lagged behind until after the collapse, and then patted ourselves on the back for that which was beyond the control of the pilot group, which was bankruptcy. Aren’t we clever. We led the pack for a bit, getting more and more smug, but haven’t had the resolve to fight for any real gains, mostly because IMO the slim majority are ensconced in your smug satisfaction and/or fearful of a prolonged negotiation in which we use our legal tools for substantial gains. I’m not bitter about the job. Just you, Sparky. Just bitter about you.
Well then, carry on, bitter man. My apologies for triggering you with my smugness, if that’s what you interpret to be smug. Whatever. You have a long, miserable career ahead of you and I feel terrible for those who have to share your cockpit.

I’m off to enjoy my cargo plane full of rubber dog sh!t, or your Christmas gifts, whatever is back there, because it beats flying pax, even on the worst day.

Last edited by CL300; 12-16-2018 at 05:46 PM.
Reply
Old 12-16-2018 | 05:47 PM
  #147  
Banned
 
Joined: Feb 2013
Posts: 674
Likes: 0
Default

Originally Posted by CL300
Well then, carry on, bitter man. My apologies for triggering you with my smugness. You have a long, miserable career ahead of you and I feel terrible for those who have to share your workspace.

I’m off to enjoy my cargo plane full of rubber dog sh!t, or your Christmas gifts, whatever is back there, because it beats flying pax, even on the worst day.
you have a reading comprehension problem, Sparky. not surprising seeing how you’re all so confused with contractual language. I’m far from bitter, my career isn’t miserable and I’m a gosh darn joy to fly with save for your smugness. I’m quite certain you're a real gem in and out of the cockpit, or flight deck, or whatever we’re calling it these days. go fly now, Sparky. I need my sh!t.
Reply
Old 12-16-2018 | 06:22 PM
  #148  
Line Holder
 
Joined: Jul 2018
Posts: 532
Likes: 10
Default

Originally Posted by FXLAX
Just anecdotal but in the last few years, out of all the regional pilots I’ve talked to, the vast majority (80%) talk about going only to a passenger airline. And like the above poster, the lines are always longer at the passenger airlines compared to the cargo airlines. I contend that the pilot shortage will hit the major passenger airlines last and UPS/FDX before them with ULCCs/ACMI before that and the regionals right now.
Interesting, thanks. What’s your take on how a pilot shortage effects the business? I would think qol may go down but pay could see a serious bump to attract applicants?
Reply
Old 12-16-2018 | 07:51 PM
  #149  
Chainsaw's Avatar
Line Holder
Veteran: Air Force
1M Airline Miles
15 Years
On Reserve
 
Joined: Sep 2006
Posts: 270
Likes: 1
From: I never did mind the little things.......
Default Wow -Impressive - YOU ARE 100% CORRECT

This is absolute truth +1000

The company would ONLY agree to this if it lessened our benefit, put the risk on the pilots and BENEFITS THE CORPORATION. If it was good for us the company would refuse it. OBTW, the UNION lies, just like on the last contract.

If a car salesman came to you and said I know you have a good car that is older and may not be the best, but I have a brand new, unproven risky car and his best sales pitch is, "WELL IT'S AT LEAST AS GOOD AS YOUR OLD CAR." You would buy it? I hope not for your sake....

Originally Posted by dr k
1. About that mlb pension...

Do about 5 minutes of reading in their literature. They do not have a vb plan at all.

Their pensions benefits are composed of a monthly check that is:
85% fixed - identical to our traditional "a fund"
15% variable - able to be invested in mutual funds

reference - http://www.mlb.com/mlb/official_info...sion-print.pdf

there are no pancakes, hurdle rates, stabilization funds, or setting of share prices. It is mlb's problem to perform and does not resemble our vb fund in any way shape or form.

When i heard that a lot of "high wage earners like the mlb have this vb plan", i stuck my chest out real far and went for the bait of being compared to them.

2. I then took a look at the unions who actually have a vb plan that are noted in our vb propaganda and what their monthly pension paychecks are (master mates and pilots of baltimore, new york newspaper guild, hotel and restaurants of boston, and alaska building trades). These guys make hundreds of dollars a month for pensions - not eleven thousand a month. We will be the crown jewel for cheiron or whoever ends up managing our shell of a retirement. And we will be guinea pigs as the first actual high wage earners voluntarily taking pension risk away from their employer.

3. Cheiron is quoted in a dozen articles i read touting the benefits of the vb plan for distressed and struggling pension funds. But it is absolutely insane for us to give away a healthy pension fund. As an aside - i have no problem with them selling us on this product - it is their livelihood. But i do have a problem with us not being properly informed while spending untold sums of money on this research project turned vote.

4. If you want to feel better about the state of our pension and the gains that could be made through actual negotiations, take another 5 minutes and read our irs form 5500. It shows the number of active retired and departed participants, our life expectancies, retirement ages, funds invested in, funding percentages, and any other questions you could possible have. Read it over and see if pancakes and need-to-be-negotiated stabilization funds seem more impressive.

https://www.efast.dol.gov/portal/app...execution=e2s6 - enter "fedex corporation" in plan sponsor. Then scroll down to the pension plan ein - 621721435 pn 002.

The vb plan is fake news. Make our pension great again.
K

Last edited by Chainsaw; 12-16-2018 at 07:59 PM. Reason: Combining Comments
Reply
Old 12-18-2018 | 10:38 AM
  #150  
Line Holder
 
Joined: Feb 2007
Posts: 99
Likes: 0
Default

We are heading for a recession. Warning signs are everywhere. This is the worst possible time to move to a market based plan. The company wants this bad for obvious reasons. MEC, please don’t make this mistake!!!!
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
pinseeker
FedEx
489
09-02-2018 07:32 AM
FoxHunter
FedEx
10
10-01-2015 12:34 PM
alfaromeo
Major
68
06-29-2012 04:16 AM
Goose17
Cargo
615
02-28-2011 05:14 PM
Denny Crane
Mergers and Acquisitions
15
10-29-2008 12:12 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



Your Privacy Choices