Fedex Retirement Plans
09-16-2019, 12:36 PM
#11
Gets Weekends Off
Joined APC: Oct 2018
Posts: 112
Originally Posted by Fdxlag2
No. Your years of service is calculated by month. So if I were to retire next week I would have 18 years 10 months or about 37.7% times my high five. the 31 Dec thing is a good deal that expires soon from our last contract, it allowed pilots who committed a year out to get up to 50 cents on the dollar of their sick bank paid out if they jump through enough hoops.
09-16-2019, 01:17 PM
#12
Gets Weekends Off
Joined APC: Aug 2006
Posts: 1,820
Originally Posted by Fdxlag2
No. Your years of service is calculated by month. So if I were to retire next week I would have 18 years 10 months or about 37.7% times my high five. the 31 Dec thing is a good deal that expires soon from our last contract, it allowed pilots who committed a year out to get up to 50 cents on the dollar of their sick bank paid out if they jump through enough hoops.
09-16-2019, 02:20 PM
#13
Gets Weekends Off
Joined APC: Aug 2006
Posts: 1,433
Originally Posted by Fdxlag2
the 31 Dec thing is a good deal that expires soon from our last contract, it allowed pilots who committed a year out to get up to 50 cents on the dollar of their sick bank paid out if they jump through enough hoops.
09-16-2019, 04:17 PM
#15
Line Holder
Joined APC: Jul 2019
Posts: 60
For the defined benefit plan, Is there any inflation adjustment after retirement similar to the military pension or do you get the flat amount for the rest of your life?
For instance, if you max’ed out at $130K does that stay at $130K every year or does it go up by 1% (or whatever) based on cost of living increases?
I assume it does not.
Thanks!
Sent from my iPhone using Tapatalk
For instance, if you max’ed out at $130K does that stay at $130K every year or does it go up by 1% (or whatever) based on cost of living increases?
I assume it does not.
Thanks!
Sent from my iPhone using Tapatalk
09-16-2019, 05:32 PM
#17
Gets Weekends Off
Joined APC: Jul 2007
Position: 767 Captain
Posts: 3,988
Originally Posted by 123456
Don't you also get an extra @$110k if you give them one years notice?
Make $740k in your final 24 months (none from sick leave)
Retire with a full sick bank
Be at max WB Captain pay
09-16-2019, 11:34 PM
#18
Gets Weekends Off
Joined APC: Nov 2017
Posts: 2,099
Originally Posted by Fdxlag2
No. Your years of service is calculated by month. So if I were to retire next week I would have 18 years 10 months or about 37.7% times my high five. the 31 Dec thing is a good deal that expires soon from our last contract, it allowed pilots who committed a year out to get up to 50 cents on the dollar of their sick bank paid out if they jump through enough hoops.
Are you sure it goes by month? I thought it was calculated starting from July each year and accumulating two months worth for every full month of work. But if you don’t have that by June, then you get no credit.
09-17-2019, 04:31 AM
#19
Gets Weekends Off
Joined APC: Aug 2006
Posts: 1,433
Years of service calculated using the fiscal year starting 1 Jun. You have to “work” at least 1000 hours to get a good year. As pilots they calculate it as 95 hours worked for every 2 weeks. It takes 5.5 months to get that for the fiscal year (mid Nov). They also count your vacation time not used when you retire so it can move that back as early as late Aug. However, to earn all of next years vacation you have to stay until Oct 16th. That’s why in the past many retired in late Oct or Nov. The last contract added the 2 incentives to stay until Dec 31st; some do, some don’t.
Sent from my iPhone using Tapatalk
Sent from my iPhone using Tapatalk
09-17-2019, 03:32 PM
#20
Gets Weekends Off
Joined APC: Aug 2005
Position: Retired
Posts: 980
Originally Posted by Skytrucker01
For the defined benefit plan, Is there any inflation adjustment after retirement similar to the military pension or do you get the flat amount for the rest of your life?
For instance, if you max’ed out at $130K does that stay at $130K every year or does it go up by 1% (or whatever) based on cost of living increases?
I assume it does not.
Thanks!
Sent from my iPhone using Tapatalk
For instance, if you max’ed out at $130K does that stay at $130K every year or does it go up by 1% (or whatever) based on cost of living increases?
I assume it does not.
Thanks!
Sent from my iPhone using Tapatalk
Thread
Thread Starter
Forum
Replies
Last Post
