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Old 08-15-2022 | 09:26 AM
  #51  
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Originally Posted by JohnnyViper
I guess I assumed that the UPS union put those charts out. If they did, it looks like they are trying to make it sound good. In hind sight, maybe Tony made them. If he did make them, then my comment doesn't make sense and I apologize for jamming up the internet with garbage.

But if they were made by the union, it looks similar to a sales job I saw here at FedEx in 2015.

Ahh, now I see your point. Not much of a sales job stating that the pay rates stay just behind an optimistic inflation forecast. But hey, in 2015 we were told that our pay rates fell inline with a 3% yearly increase, and a majority fell for it.
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Old 08-15-2022 | 09:31 AM
  #52  
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Why are we even discussing how close we will be to the UPS rates. Their rates are based on a single pay rate regardless of what you fly. Most of the industry pays a higher rate for larger aircraft than smaller ones. UPS will pass the United 777 rate from January 2019 on Sept. 1, 2022. What would that United rate be today if we followed the mythical 3% linear increase?
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Old 08-15-2022 | 09:37 AM
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I mean, yeah, the EB was trying to "sell" the extension in the sense that they thought it was the best deal they were going to get. If they hadn't thought so, they wouldn't have presented it to us for a vote. IMHO, whatever your opinion of the extension, their integrity is beyond reproach.
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Old 08-15-2022 | 10:19 AM
  #54  
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Default Flat Dollar Benefit?

What the heck is the”Flat Dollar Benefit”?
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Old 08-15-2022 | 02:22 PM
  #55  
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Originally Posted by Laughing_Jakal
What the heck is the”Flat Dollar Benefit”?
pension. It’s based on a fixed dollar amount x YOS.
(I think it is the greater of that fixed dollar amount or 1% FAE x YOS)
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Old 08-15-2022 | 04:09 PM
  #56  
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Does it get adjusted with inflation? 4k in 20-30 yea won't be worth much
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Old 08-15-2022 | 04:30 PM
  #57  
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Originally Posted by icohftb
Does it get adjusted with inflation? 4k in 20-30 yea won't be worth much
There is no COLA, just like FDX's FAE pension has no COLA.

That said...

The UPS/IPA Flat Dollar Amount (FDA) benefit was created in Contract 2006 at $3k/YOS for Captains with a 30YOS cap
Contract 2016 increased that to $4k/YOS, with step increases to $4100/YOS 1Jan20 and $4200/YOS 1Jan21
Extension 2020 increased that to $4300/YOS 1Jan22 and $4400/YOS 1Jan23
Extension 2022 increased that to $4525/YOS 1Jan24 and $4650/YOS 1Jan25
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Old 08-15-2022 | 05:11 PM
  #58  
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UPS Contact16 was effective Sept 1st, so 10 months after our contract.

The UPS pilots built upon our pay rates, and my expectation is that we will raise the bar as well. How long that will last is anyone’s guess. I only wish UPS had kicked it back, because, IMO, their inflation predictions are optimistic to say the least.

I can honestly say I never expected to see anyone on APC advocating for a Bridge TA.
FWIW-for the prognosticators, once UPS finally opens their CBA for a full S6 negotiations, if they take as long as their previous 2 that will put them another 5 years down the road.
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Old 08-16-2022 | 05:29 PM
  #59  
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Originally Posted by BoilerUP
There is no COLA, just like FDX's FAE pension has no COLA.

That said...

The UPS/IPA Flat Dollar Amount (FDA) benefit was created in Contract 2006 at $3k/YOS for Captains with a 30YOS cap
Contract 2016 increased that to $4k/YOS, with step increases to $4100/YOS 1Jan20 and $4200/YOS 1Jan21
Extension 2020 increased that to $4300/YOS 1Jan22 and $4400/YOS 1Jan23
Extension 2022 increased that to $4525/YOS 1Jan24 and $4650/YOS 1Jan25
so, $139,500 if you retire in 2025 w 30years?
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Old 08-17-2022 | 04:51 AM
  #60  
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Originally Posted by HIREME
so, $139,500 if you retire in 2025 w 30years?
That's correct.
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