Thanks I hope it does - you quoting me helps too - continues the visibility

 

I don't think that statement is accurate Tony. You make it sound as though we were offered an FAE Cap increase at some point in our bargaining history. I know you and others have made this mistake before, confusing a DC cap increase (over the IRS limit) with an FAE Cap increase. I only say this because you wrote "we have not agreed to change it". That would assume an offer to increase it would have occurred. It's difficult to "agree" when an offer of increasing the FAE Cap has never happened during our negotiating history. FedEx has only "offered" to freeze our pension, never have they offered to improve it (FAE, YOS or Component%).

It's a minor point, but I don't believe your statement paints an accurate picture.

 

Thank you for explaining that for me / I would be lost otherwise.

 

Boy, you are so far off it's part funny, part sad.

Everything in our CBA has been agreed to by both parties. If something is not agreed to by both parties, it doesn't make it into the CBA. In fact, it doesn't make it into the TA. Oh, the final letter in both of those acronyms? Oh, right - - it's Agreement. Duh. I chose the most antiseptic, party-neutral way to explain that something was not in the CBA because we did not agree to it. Changing that something is not impossible, and it does not require an act of Congress. It only requires that both parties agree to it. And we haven't. Yet. I didn't accuse either party of anything, or point a finger of blame -- I just said it's not something that was agreed to. That is an absolute fact. You should cut back on your assumptions.

But, if you want to argue with facts, have at it.

And, one more thing. Your accusation that "[You] know ... have made this mistake before, confusing a DC cap increase (over the IRS limit) with an FAE Cap increase" is patently false. I've never confused our FAE cap with any other cap. Speak for yourself.

In closing, I have to ask you, how do you (think you) know every retirement offer The Company has ever made or not made? What meaning are you trying to substitute for "agree" and "offered" by hanging ersatz quotes. Maybe that's the source of your confusion. I'm happy to stick with the conventional definitions of those words, and you're welcome to join in.






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DC limit for our B plan will be $305k. (15k up)
DC limit for combined 401\B plan\Aft Tax (if it lives on) will be $61k (3k up)
401k Limit will be $20.5k (1k up)
Catch-up contribution unchanged

https://www.irs.gov/pub/irs-drop/n-21-61.pdf