Pension increase
In these dire times, Fedex is doing really well. The market is down and if you are a retiree from the the big 3, your retirement may be hurting. Isn't it time for Fedex to get the A plan improved? Anyone else getting draft calls? I did, First time in 5 years. Anc based, The company has the money and we should be getting our pension, aka A plan, improved.
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Originally Posted by Stan446
(Post 3009360)
In these dire times, Fedex is doing really well. The market is down and if you are a retiree from the the big 3, your retirement may be hurting. Isn't it time for Fedex to get the A plan improved? Anyone else getting draft calls? I did, First time in 5 years. Anc based, The company has the money and we should be getting our pension, aka A plan, improved.
In any case I’m thinking that improving our retirement is not being discussed right now with the company. We are still over a year out from openers and the world should end before then. |
Originally Posted by BLOB
(Post 3009592)
According to the MEC officers we are united as a pilot group on retirement. They are interpreting that as meaning we all want VB?!?
In any case I’m thinking that improving our retirement is not being discussed right now with the company. We are still over a year out from openers and the world should end before then. |
Originally Posted by Stan446
(Post 3009360)
The company has the money and we should be getting our pension, aka A plan, improved.
**Shouldn't we be getting at least .5CH of pay when we notice FE DHs won't work before CRS? Especially when CRS will leave you out to dry if you deviate? We help them out, they kick us in the jimmies. Sounds fair. |
Incentive, can’t help there. Why ALPA feels it needs improvement...The MEC has a podcast with an episode addressing why. Worth the 9 or so minutes it took.
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Can you imagine retiring this year under the proposed VB plan with that unknown floor? I hope the Union is paying close attention, we can’t have a retirement that is completely tied to the stock market. Leave my A-Plan alone please.
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Originally Posted by StarClipper
(Post 3009781)
Can you imagine retiring this year under the proposed VB plan with that unknown floor? I hope the Union is paying close attention, we can’t have a retirement that is completely tied to the stock market. Leave my A-Plan alone please.
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I cannot imagine...
the horror of having to retire with the market down like it is now and with all of my retirement fund "shares" tied to this market as it would be in a VB. It can be almost intoxicating dreaming of big VB projections in a bull market but the bear is always lurking. This market should be a lesson to the bedazzled dreamers out there and kill any notion of a VB plan on our property.
Ask any of our retirees if they're getting smaller A Plan checks now....or if their A Plan checks have stopped. The answer to both is NO! Those retirees are still cashing the same checks...business as usual for them, they earned it. Quite simply, there is no better retirement package than the combination of an A Plan for guaranteed money immune from market fluctuations and a B-Plan that allows each individual full control of investment options/risk which suits them as they move through life and toward retirement. There is no better case to be made for our current package than what we're witnessing right now. Our efforts should be focused solely on improving the A Plan and continued enhancements to the B Plan. |
Originally Posted by FedEx Pilot
(Post 3009765)
Incentive, can’t help there. Why ALPA feels it needs improvement...The MEC has a podcast with an episode addressing why. Worth the 9 or so minutes it took.
I just don't see any benefit to the company, with the way we as a group work, to change what is in place. Someone please enlighten me. What good will has the company in this most current crisis pushed our way? Seriously. The list goes on and on, but we can start at the top by telling folks that are holed up in their hotel room that they won't even throw $50 extra a day to cover room service. Not to be 100% negative, they did say they would provide catering on outbound legs, but how much good is that when you are bouncing around or have long transcon legs in a 75 with no chiller? Not to sound overly dramatic, but with the ways guys act around here, it's like we have a sort of Stockholm Syndrome. The bad part is, if guys wait until 2021 to snap out of it, dollars to doughnuts our union has a job action lawsuit on its hands. |
Originally Posted by JB130
(Post 3009983)
the horror of having to retire with the market down like it is now and with all of my retirement fund "shares" tied to this market as it would be in a VB. It can be almost intoxicating dreaming of big VB projections in a bull market but the bear is always lurking. This market should be a lesson to the bedazzled dreamers out there and kill any notion of a VB plan on our property.
Ask any of our retirees if they're getting smaller A Plan checks now....or if their A Plan checks have stopped. The answer to both is NO! Those retirees are still cashing the same checks...business as usual for them, they earned it. Quite simply, there is no better retirement package than the combination of an A Plan for guaranteed money immune from market fluctuations and a B-Plan that allows each individual full control of investment options/risk which suits them as they move through life and toward retirement. There is no better case to be made for our current package than what we're witnessing right now. Our efforts should be focused solely on improving the A Plan and continued enhancements to the B Plan. |
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