2% pay raise in Oct 2020
09-09-2020, 11:46 AM
#331
Gets Weekends Off
Joined APC: Jul 2009
Posts: 1,224
Originally Posted by kronan
No, I don't want you to back anything without knowing the hurdle rate, the Salary Cap rate, the accumulation rate.
The Hurdle rate only functions as a share the weatlh\secret sauce filter. With returns above it, the notional value of your shares would increase. So, a Hurdle rate of 5 means you only see gains if the Trust returns above 5. As FastBurner has posted, Current Pension trust fund has consistently returned above that. Current predictions are at 6.5% for the future, but that was pre-COVID. I do know our Trust took a $794M bookkeeping loss in the last quarter, but have to think that rapidly recovered over the past few months and will be interesting to see what our next quarter's results brings.
Pension Trust at or below the 5% hurdle for your entire career would just mean the value of your Pension, brick by brick would only equal the 2% accumulation you input
The Hurdle rate only functions as a share the weatlh\secret sauce filter. With returns above it, the notional value of your shares would increase. So, a Hurdle rate of 5 means you only see gains if the Trust returns above 5. As FastBurner has posted, Current Pension trust fund has consistently returned above that. Current predictions are at 6.5% for the future, but that was pre-COVID. I do know our Trust took a $794M bookkeeping loss in the last quarter, but have to think that rapidly recovered over the past few months and will be interesting to see what our next quarter's results brings.
Pension Trust at or below the 5% hurdle for your entire career would just mean the value of your Pension, brick by brick would only equal the 2% accumulation you input
I’d like to concentrate on simple, tried and true ideas. Of course, increasing the multiplier or FAE are the easy way to go (if have the resolve to see this through). Even a FAE tied to IRS limits ($285k now) would be an improvement and give a minimal cola that wouldn’t necessarily need to be renegotiated.
The FDA is another simple, hard to screw up plan. Tailor it to our needs, $6.000/year. Tie it to FAE of 300K for a 100% benefit, without regard to seat position. There are certainly other methods as well that would work.
Of course, if all else fails, we could hope for significant B fund improvements. Higher percentage and/or cash over cap. Best of both worlds, increase A and B.
The variable plan, despite the union’s efforts, isn’t popular with most of us. Let’s pivot (finally) and focus on simple solutions. I think we could all be on board with that.
09-09-2020, 01:11 PM
#332
Gets Weekends Off
Joined APC: May 2006
Position: Excessed WB Capt.
Posts: 1,063
KISS
A-fund as is
maxed b-plan with cash over cap.
retirement healthcare improvement (since they refuse to keep a-plan growing with growth of income which was as it was intended)
NO PBS, schedules are already bad enuf.
3-4 % raise.
Thats it. My daughter in HS could negotiate that in few weeks. Go into section 6 with a vote...old school.
A-fund as is
maxed b-plan with cash over cap.
retirement healthcare improvement (since they refuse to keep a-plan growing with growth of income which was as it was intended)
NO PBS, schedules are already bad enuf.
3-4 % raise.
Thats it. My daughter in HS could negotiate that in few weeks. Go into section 6 with a vote...old school.
09-09-2020, 01:24 PM
#333
Gets Weekends Off
Joined APC: Feb 2007
Position: FO
Posts: 3,032
Originally Posted by MEMA300
KISS
A-fund as is
maxed b-plan with cash over cap.
retirement healthcare improvement (since they refuse to keep a-plan growing with growth of income which was as it was intended)
NO PBS, schedules are already bad enuf.
3-4 % raise.
Thats it. My daughter in HS could negotiate that in few weeks. Go into section 6 with a vote...old school.
A-fund as is
maxed b-plan with cash over cap.
retirement healthcare improvement (since they refuse to keep a-plan growing with growth of income which was as it was intended)
NO PBS, schedules are already bad enuf.
3-4 % raise.
Thats it. My daughter in HS could negotiate that in few weeks. Go into section 6 with a vote...old school.
09-09-2020, 02:56 PM
#335
Banned
Joined APC: Jun 2018
Posts: 1,838
Originally Posted by MEMA300
KISS
A-fund as is
maxed b-plan with cash over cap.
retirement healthcare improvement (since they refuse to keep a-plan growing with growth of income which was as it was intended)
NO PBS, schedules are already bad enuf.
3-4 % raise.
Thats it. My daughter in HS could negotiate that in few weeks. Go into section 6 with a vote...old school.
A-fund as is
maxed b-plan with cash over cap.
retirement healthcare improvement (since they refuse to keep a-plan growing with growth of income which was as it was intended)
NO PBS, schedules are already bad enuf.
3-4 % raise.
Thats it. My daughter in HS could negotiate that in few weeks. Go into section 6 with a vote...old school.
09-09-2020, 05:31 PM
#336
Gets Weekends Off
Joined APC: Apr 2013
Posts: 1,622
Originally Posted by MEMA300
KISS
A-fund as is
maxed b-plan with cash over cap.
retirement healthcare improvement (since they refuse to keep a-plan growing with growth of income which was as it was intended)
NO PBS, schedules are already bad enuf.
3-4 % raise.
Thats it. My daughter in HS could negotiate that in few weeks. Go into section 6 with a vote...old school.
A-fund as is
maxed b-plan with cash over cap.
retirement healthcare improvement (since they refuse to keep a-plan growing with growth of income which was as it was intended)
NO PBS, schedules are already bad enuf.
3-4 % raise.
Thats it. My daughter in HS could negotiate that in few weeks. Go into section 6 with a vote...old school.
How many more lines will go to PBS during this round of contract negotiations. What will ALPA try to "fix" and give up more lines for?
Ask Kronan what I'm talking about.
09-10-2020, 05:03 AM
#337
Gets Weekends Off
Joined APC: Nov 2005
Position: 757 Capt
Posts: 2,418
Originally Posted by PurpleToolBox
Ugh ... we already have PBS! It is called the Secondary Line Generator and the yet to be seen PBS software as agreed upon in C2015 which has YET to be fielded.
How many more lines will go to PBS during this round of contract negotiations. What will ALPA try to "fix" and give up more lines for?
Ask Kronan what I'm talking about.
How many more lines will go to PBS during this round of contract negotiations. What will ALPA try to "fix" and give up more lines for?
Ask Kronan what I'm talking about.
Unless you have some secret information that indicates the Company feels they need more flexibility somehow, and sees the need to push to modify the percentage of known R days required in the Bidpack to something less than 80%.
Survey's open. All it would take to go back to the nirvana of Pre-CBA2015 is requiring all known R days be published in the bidpack, return the R day conflict drop to CBA 2011 language (Whole Blocks didn't drop for conflicts), and allow Involuntary Conversions of Reserve Lines.
Involuntary Conversions were rare, but they sucked huge.
And I could certainly be wrong here, but I think more people like having the easier R day drops and the ability to use the View\Add window to improve their lot in life than are upset over the reduction in Reserve Lines.
09-10-2020, 07:56 AM
#338
Gets Weekends Off
Joined APC: Nov 2005
Position: 757 Capt
Posts: 2,418
[QUOTE=DLax85;3124963]What current source is forecasting a 6.5% Return on Assets for a balanced fund of 50% stocks/50% /QUOTE]
One of the things FedEx has done great with is realistic expectations of returns on investments. (That’s also something that underwent a regulatory change following the dot.com pension failures)
If you search out the Form 5500 FedEx is required to file, periodically, that information is buried in the back.
FedEx lowered it’s forecasted ROI several years ago, and hasn’t adjusted it yet. Even though another Anti-PSPP poster here pointed out the investment returns on our Trust have been in excess of 7% (didn’t search out the earlier post, so could certainly be wrong here, but lower returns don’t support the easy to improve our Traditional A plan argument so don’t think I am)
Not sure if the attachment of a picture will work or not, but latest form still has 6.5% as the predicted ROI
One of the things FedEx has done great with is realistic expectations of returns on investments. (That’s also something that underwent a regulatory change following the dot.com pension failures)
If you search out the Form 5500 FedEx is required to file, periodically, that information is buried in the back.
FedEx lowered it’s forecasted ROI several years ago, and hasn’t adjusted it yet. Even though another Anti-PSPP poster here pointed out the investment returns on our Trust have been in excess of 7% (didn’t search out the earlier post, so could certainly be wrong here, but lower returns don’t support the easy to improve our Traditional A plan argument so don’t think I am)
Not sure if the attachment of a picture will work or not, but latest form still has 6.5% as the predicted ROI
09-10-2020, 08:01 AM
#339
Gets Weekends Off
Joined APC: Nov 2005
Position: 757 Capt
Posts: 2,418
Picture doesn’t seem clear on the iPad.
This is the link, will check to see if it works, but picture is of page 63 or 64’sh
https://www.efast.dol.gov/portal/app...ectPdfDownload
This is the link, will check to see if it works, but picture is of page 63 or 64’sh
https://www.efast.dol.gov/portal/app...ectPdfDownload
09-10-2020, 08:06 AM
#340
Gets Weekends Off
Joined APC: Nov 2005
Position: 757 Capt
Posts: 2,418
Well, that didn’t work.
FedEx EIN is 621721435
This is the link that pops up under a google search for form 5500 filings.
Pension filings lag, so don’t expect to find a 2020 one
Most recent one was filed in 2020, but it’s for plan year 2018. I blame the lawyers
https://www.efast.dol.gov/portal/app...execution=e2s1
FedEx EIN is 621721435
This is the link that pops up under a google search for form 5500 filings.
Pension filings lag, so don’t expect to find a 2020 one
Most recent one was filed in 2020, but it’s for plan year 2018. I blame the lawyers
https://www.efast.dol.gov/portal/app...execution=e2s1
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