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Originally Posted by StarClipper
(Post 3259301)
Rumor is the company also want to get rid of AVA, Volunteer and draft. It’s costing them too much money.
Imagine descending into MEM on day 5, excited to catch your jumpseat home, and getting an ACARS to contact scheduling. Assigned another trip with 24hrs off at an outstation because you were the sucker they could get ahold of. Even the most senior pilot got “jr assigned”. Only posting this as education. We don’t know what we don’t know. There’s lots of industry tricks used to screw labor. |
Originally Posted by DirtyPurple
(Post 3259317)
No, I've been working with this guy for years. He's one of the good ones, I trust his guidance based on past performance. He's just recently re-watched the 30-min Cheiron video, and I've been feeding him union data on the plan over the years (starting in 2018ish) as the plan details have come out. I'd humbly submit that he's very well informed about our contract/pay/A-plan/B-plan/etc.
It might seem easy to attack the advisor, but as I've stated earlier, personal attacks don't change the mathematical facts. Is the new plan better or not? I'm trying to get to that answer for myself without political emotion around the union history/leadership. I'm not senior. This will be my first contract negotiation in fact. I'm going in with my eyes wide open, gathering facts, and trying to filter out politics/emotions so I can make the best decision for my family and our union (in that order). I know we're all trying to solve the same problem, but just with different variables for each of us. I'll reserve judgment until I see the details contained in the TA. So, your financial advisor told you that the proposed PSPP would be better than getting 50% of your high five up to the IRS limit of $230,000 per year in benefits, which equates to a high five average of $460,000 today? That IRS limit should increase in the future. If so, I would like to know the name of that advisor so I can talk to them myself and see why they think that. |
Originally Posted by Reese
(Post 3259290)
so you wanna know what I say to your “financial advisor?” Go F yourself. You’re not worth the money I pay you. You’re an antiquated service that is no longer relevant, like the 1970s A plan pilots that are so stuck on a blue collar structure that apparently don’t care about trying to build generational wealth.
A plans are for the “company man.” The true “blue collar” worker. Hi! I’m mr pilot, I’m gonna break my back working hard for my company, because they’re gonna take care of me in retirement. I don’t need to save, and my children will be part of the “cog” just like me. Just slave labor happy to pay income tax while the C suite get tax advantage compensation. screw that. I’m not a “company man.” I want MY money, in MY name. I’m not buying bread, butter, or beef from the company store, I’m wanting financial independence for myself and my heirs! Give me the opportunity to create a better future for my future generations! |
Originally Posted by TonyC
(Post 3259217)
Negotiations take time and money, and they wear on the patience of employees. We don't need to waste any of those resources pointed in the wrong direction.
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Waffles
Originally Posted by StarClipper
(Post 3259301)
Rumor is the company also want to get rid of AVA, Volunteer and draft. It’s costing them too much money.
Originally Posted by Jamo
(Post 3259327)
These are all tools that the company has to use towards its benefit. Only way to get rid of it and still cover flying would be adding JR assignments. We DO NOT want JR assignments in our contract. Had them at the last company.
Imagine descending into MEM on day 5, excited to catch your jumpseat home, and getting an ACARS to contact scheduling. Assigned another trip with 24hrs off at an outstation because you were the sucker they could get ahold of. Even the most senior pilot got “jr assigned”. Only posting this as education. We don’t know what we don’t know. There’s lots of industry tricks used to screw labor. And to add to this, we had junior man at my previous airline as well. Except that contractually they couldn’t use ACARS as notification. They had to either get us on the phone (not required to answer) or in person by a company employee. So unless an employee was there at the gate when you pulled in, they weren’t getting a hold of anyone. And even then, there were easy ways to get out of it…fatigued/sick/emergency/etc. |
Originally Posted by Reese
(Post 3259290)
screw that. I’m not a “company man.” I want MY money, in MY name. I’m not buying bread, butter, or beef from the company store, I’m wanting financial independence for myself and my heirs! Give me the opportunity to create a better future for my future generations!
so you’re for a 35% pay raise and jettisoning the ‘a-plan?’ We keep the b 10% and cash over cap If you put the $$ in an account to make the current old guys whole or freeze the pension at what you’ve got today, I’ll listen. But to pretend that the pancake plan is money in your account is not accurate. You won’t be building generational wealth with a slightly higher a plan. |
Originally Posted by Reese
(Post 3259290)
“No chance you properly explained the waffles plan and told an advisor they have to choose between the two and a real financial advisor said he'd choose the waffles plan. You either did not properly explain the waffles plan or you did not tell him it is an either or choice but made it seem like an add on. Which it might be if you are senior, but the waffles are a replacement for an A plan for new hires.”
you’re on crack. There are plenty of advisors who say a “bird in the hand is worth more than two in the bush.” there are also a good list of financial advisors who are happy to put you in a 60/40 portfolio of funds that are charging you 1% expense ratios on top of the 1% fee the financial advisor is charging you. So why the heck do I trust their opinion?! so you wanna know what I say to your “financial advisor?” Go F yourself. You’re not worth the money I pay you. You’re an antiquated service that is no longer relevant, like the 1970s A plan pilots that are so stuck on a blue collar structure that apparently don’t care about trying to build generational wealth. A plans are for the “company man.” The true “blue collar” worker. Hi! I’m mr pilot, I’m gonna break my back working hard for my company, because they’re gonna take care of me in retirement. I don’t need to save, and my children will be part of the “cog” just like me. Just slave labor happy to pay income tax while the C suite get tax advantage compensation. screw that. I’m not a “company man.” I want MY money, in MY name. I’m not buying bread, butter, or beef from the company store, I’m wanting financial independence for myself and my heirs! Give me the opportunity to create a better future for my future generations! Wow .... your disdain for "blue collar" working people is noted, elitist. I do find it interesting that some doctors I know also have A and B funds. Who knew doctors were also part of the cog? You already get a B-fund whereby the company already automatically contributes 9% of your income when the national average is a 3.5% MATCH! And as a highly compensated individual, you get to put your money into a ROTH. Don't hold your breath though, the Democrats are coming for your money. The beauty in having both an A and B fund is diversification. There's also other benefits such as you still get your A fund should you go on disability and then retire. With the B-fund contribution, we're limited to Vanguard's funds ... or whatever the company pays for. Any astute investor like you should know that if a finance professional is trying to sell you on an investment vehicle to which you can't easily explain or understand, then you should NOT invest in it. This is the problem with the pancake variable annuity plan. Its untested. Its unknown. Its confusing. |
Originally Posted by FXLAX
(Post 3259476)
We need to have patience. That requires us to be able to live on what we have now, indefinitely. It’s better to have a good TA than a TA quickly. Time is on our side with the way the pilot market is turning out.
There's a reason why the company wanted expedited negotiations. They either want us done before the legacy's get TAs ... or they have a big aircraft purchase announcement coming and they to have the uncertainty of our contract settled. |
Originally Posted by PurpleToolBox
(Post 3259688)
With the B-fund contribution, we're limited to Vanguard's funds ... or whatever the company pays for. You can move every $$ of your B fund to the brokerage link option and buy any mutual fund, ETF or stock (except FDX) that your heart desires. |
Originally Posted by USMCFDX
(Post 3259701)
Not a true statement - do we need to add you to the list of trolls that do not work at FedEx?
You can move every $$ of your B fund to the brokerage link option and buy any mutual fund, ETF or stock (except FDX) that your heart desires. Pro Tip: Have some humility. |
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