VB Plan In Current Stock Market
 

I hope the Union is looking at the stock market bud running the number for if someone were to retire under such conditions

No need to look at anything, they have made their decision. Now just put your head deep in the sand :mad: :rolleyes:

Come on, its MUCH more likely that FedEx will go bankrupt than it is that the market will decrease.

Just ask any of the current crop of LEC members or the former R&I chair.

Me thinks they changed the name from “variable benefit plan” to “pension stabilization plan” because people are finally starting to see the man behind the curtain... and a wonderful Wizard he is not.
The only crew members in the cockpit I’ve talked to that want to pursue this negotiation are A FEW of the over 25 YOS guys who have nothing to lose... talk about misrepresentation. Ugh.

Definitely many more who think this is not a good idea....I hope we get to vote and kill it!

Did I miss something??? All I’ve been hearing and reading about from the union is this new and awesome VBP that is going to be so much better for everyone. Well, everyone except for maybe those hired in their mid 40’s (like myself), but that’s ok, because it benefits anyone with 25 years and a high five, and after all - those are the folks who really need more of a retirement benefit, so it’s definitely a fair trade off - NOT!

Are they now calling it a ‘Pension stabilization Plan’ because they think we’re not smart enough to know the old saying ‘you can put lipstick on a pig, but in the end it’s still a pig’?

I would actually respect our union leadership more if they’d come out and say ‘Hey, we’re going to change the name of this thing to XXX’, and explain why, but to change the name of it with no explanation (at least I haven’t read anything as to why) tells me that they’re feeling desperate to sell this thing.

Hey union leadership, pull your head out of the sand and admit this VRB scheme that Chuck found on the Internet created by someone no one’s ever heard of isn’t the answer. How about you just FIX THE DAMN A PLAN - which is what we were told was possible and affordable during the last round of negotiations. Don’t tell me leaving the A plan alone was a victory because we were able to fend off PBS because guess what? I’ve been living in the VTO/Secondary line world the past 6 months and it sure feels like PBS to me.

Almost everyone I fly with is in their first year, and generally much younger than I was when hired. Not a single one of them has said they support the VRB the union is pushing for - most believe the numbers the union is putting out are unrealistic. It’s just strange to me that I keep hearing generally the same thing from the people I fly with, yet the union keeps saying things that aren’t even close to what I’m hearing. Here’s a great idea - if you want buy in then publish the results of all these surveys, and I mean ALL the results. Don’t pick and chose little bits and pieces to make it appear that the majority of membership support this thing. The union leadership talks about transparency, but then they use words like proprietary, and privileged info to mask things they don’t want us to know because it won’t support what they’re wanting us to believe.

Rant Over ...

To answer the OP question, your plate of pancakes would be smaller:mad:

I would like to know the actual results of the surveys. I would like to know how many pilots that didn’t get high five were used versus how many that have secured their high five. ALPA can very easily manipulate the data in the direction they want. I know for a fact that ALPA leadership pilots that have already gained their high five are pursuing a lump sum type payment for those that would not be able to receive any money from the proposed new plan.

I would also like to know the proposed value to FedEx if the VB plan is adopted. Is ALPA going to leave money on the table or increase our pay rates and offer stock options?

That’s not been my personal observation. I fly with a lot of recent hires, of all different ages and backgrounds, and hear a lot more confusion or open mindedness than outright opposition. I’m no proponent of a plan that hasn’t even been negotiated but I’ll withhold judgment until we have something to actually examine. Why? Because we currently have a decreasing benefit due to inflation with absolutely zero other prospects of fixing it. Yes, should’ve been done during the last 2 section 6’s but it wasn’t. If they come back with a turd then we vote it down. I believe/hope this group has evolved enough the last few years to not automatically vote “yes” to anything that the MEC puts out for a vote. Regardless, the only place I hear nothing but virulent opposition to exploring pension improvement through VBP is on here - not on the crew bus or in the cockpit. If we reject every effort the NC/MEC make on our behalf because we don’t trust them then we can just count on never making any further improvements to our lot in life. And that’s just, like, my opinion, man.


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You are naive.

There will be enough sweeteners for certain demographics and enough of a hard sell that if presented to the crew force, I am afraid it will pass.

Look at the last contract if you want proof. 57% for a contract is abysmal.

We voted to prevent a split pension plan in the last section 6, but this is exactly what this scheme creates. One plan for the "I've got mine" crowd, who has nothing to lose, and one plan for the rest of us to take all of the risk on ourselves. No thanks. I am a firm no.

Also, you can't believe ANYTHING the union tells you. It has been proven time and time again that their "interpretation" of the language will lose in a grievance nearly every single time.

Just remember "lie flat seats" and vote not to this turd.

If the company is going to make a deal out of section 6, you can bet the deal is better for them than it is for us. They have no reason to make a deal unless they are the winners and we are the losers. When was the last time the company "gave" us anything without taking it away someplace else? The answer is NEVER.

Still waiting to hear your alternative. Non-union workplace? You stepping up to lead the negotiations?

Or are we going to talk about all the unity and leverage we have in Section 6, again? :rolleyes: