Stan446

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.

BLOB

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.

USMCFDX

not discussing with the company but alpa is full steam ahead with the vb plan - the train has left the station and it will be very hard to stop it

StillFlying

I just have to wonder what is the company's incentive for improving our A plan. I got it, we have a vested interested in keeping the company afloat. But guys are taking draft and their 3.5/4 CH "hazardous duty" pay for China, calling scheduling when they realize their DHs won't work**, etc, etc. So again, tell me why would the company want to increase our A plan?

**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.

FedEx Pilot

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.

StarClipper

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.

FedEx Pilot

I second that motion

JB130

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.

StillFlying

I fully agree with the why. The current plan, was once great, then good, now nice, soon to be okay, then of very little worth, and eventually near worthless.

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.

StillFlying

Do you understand that the union's negotiating entering line in the sand was a floor benefit of 2%*5 FAE*YOS (so that no one would be left with less than what they would have under the current A plan) and that at the point you retire, you could have locked in a fixed amount to keep the check constant or continue to let it flex with the market? Without the baseline, I agree, the VB would have gone absolutely no where with our group.