Congrats! Combine your mil pension (20 yr), UPS pension (20 yr), and whatever scraps you get from Social Security and you should be slumming it in retirement on about $150k/yr. That’s before touching your B plan, 401k, TSP, or IRAs. Your biggest challenge in retirement will be tax efficiently rolling money from you B plan into a Roth IRA.

I’m fine with it being tied to the IRS limit as long as there’s protection in case the IRS pension limits are ever removed from law.

I’m too lazy to look at any of that, I was only looking at the maxed out rate for a Captain. You definitely have us beat on the rest, but fortunately it’s still there for both companies. I hope yours improves further on your next contract, it gives us something more to shoot for. Good luck to y’all……

If we are comparing retirement plans, you have to include that the UPS B plan is 33% higher than ours. That B plan difference could be worth over $500,000 in 25 years. Using the standard of taking 4% of your retirement savings a year, that $500,000 would equate to $20,000 additional dollars a year over our B plan. Add that $20,000 to the $116,250 in the A plan, and you get $136,250. So, at this point in time, I would say that both plans are equal, maybe a slight edge to UPS. While our A plan has remained stagnant, theirs has increased making their total retirement package equal to, or slightly ahead of ours at 25 years. I also believe that there is no time requirement for a UPS pilot to be a captain to get the higher retirement. If I understand it correctly, as long as they are a captain at retirement, they get the higher amount.

The requirement to retire as a captain is to fly one revenue leg as a captain. Yes, we have people who upgrade, fly one flight, and retire.

Although that sounds simple it could go bad very fast. Let’s say you are 60 years old and the bid comes out with a vacancy for captain that you can hold. You deferred bidding it because you assume another one will happen two years later. The economy then tanks and there is no vacancy bid before you hit 65. Then what?

This would create a system that makes people bid a seat purely for pension/retirement requirements.

The IRS Defined Benefit Plan benefit limit for 2022 is $245,000, up from $230,000 in 2021. (FedEx missed their chance to lock in a $460,000 High Five FAE.) The IRS limit has stayed the same only a few times since we got our first CBA, but it has never decreased.

Our CBA FAE Cap should be $490,000, and not a penny less.






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I don’t disagree, but that’s a common feature of airline contracts. While some at FedEx move from the 75 to the 77 for the wider cockpit, longer legs, and better layovers, most do it for the money. How many fedex pilots hit their high five in the right seat of a 75? I’d love to change our system to a single flat dollar multiplier for all retirees. However, I don’t know if that particular want will make the cut before I retire. In any case, here’s hoping your new contract makes us look like poor cousins.

Exactly. It needs to be tied to the cap maximum. Forever.

A Plan company projections
 

The company made projections of the A Plan retirement when it was first implemented. Projections from 25, 50, 75 and 100 years into the future on what the plan would cost the company. Apparently the union has not seen these projections. Does anyone know if the union asked to see these projections? The first pilots retired in 1998 with 25 years and had a nice retirement package! If this were the “ Price is Right” show I would take what the company projected at the 25 year point, sight unseen. Hopefully, we won’t “ask” for less than what they projected at the 25 year point. Doesn’t cost a penny to at least ask to see the numbers the company has projected. If the company declines to show the numbers perhaps if we go into mediation, the NMB will ask to see those numbers and it would help the cause.