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Old 02-13-2024, 03:50 AM
  #121  
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Originally Posted by plzdontfireme View Post

The two biggest issues with the A plan bump that should have made it a nonstarter are the fact that it split the pilot group and also didn't even bring us back to 2015 nor 2020 value once inflation was factored in. It would have been better if they had just taken the amount that they threw at the A plan bump and thrown it at increasing the B fund to 14% with CoC and then throw the rest of the money at the pilot group in the form of a pensionable bonus with cash over cap into an MBCBP.

So you either don't know/understand how retirement funding works or you are advocating for a reduction in our current retirment. What you just proposed would freeze our current A plan, or you don't understand the tax advantage of CoC money going into a MBCBP.


Originally Posted by plzdontfireme View Post

The A plan giveback was not costed out. The 100% vacation buyback and it's negative effect on people's careers was not costed out. Unless they can show their work, I'm calling BS on the valuation, and even if they do, it's probably still BS. The company would have been legally required to report a massive increase in pilot costs on their july earnings call this summer if that TA was as valuable as ALPA claimed it to be.
So, without proof, you say that the costed value wasn't accurate. You want them to show their work, and even if they do, you won't believe it. SMH!!!
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Old 02-13-2024, 05:02 AM
  #122  
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[QUOTE=100 Continue;3768106]
Originally Posted by threeighteen View Post
Back in November I made a post exposing the existence of a newly created WhatsApp group that was publicly scheming to create a “kill list” of pilots that they wanted to deny jumpseats to.

Threats were made to myself and others, and unfortunately a pilot who was a vocal no voter was placed on NOQ status in a “shoot him first, find the reason why later” manner. That pilot unfortunately ended up resigning to take a job elsewhere instead of dealing with a kangaroo court here.



Something isn't adding up here. It appears you know the guy who resigned based on your earlier post. So he was placed in NOQ status, but you don't know why? There has to be more to the story. He didn't just get placed on NOQ for no reason. If "said vocal no voter" just left to avoid dealing with a kangaroo court, then perhaps the company had something on "said vocal no voter?"

There seems to be several folks in NOQ status right now related to social media posts and processes. I am just trying to understand what they allegedly did. The Block 5 rep is still NOQ. There have been a lot of "likely" and "I believe" comments about him coupled with many crew bus rumors. Has anyone actually talked to him to get the facts as to why he is NOQ? Did he take the post down from JF due to legal advice or did he have second thoughts and did it via his own free will? One of his vocal supporters is NOQ as well. Was it misuse of VIPs perhaps? Seems like a lot of finger pointing and conspiracy theories in all these actions but absolutely ZERO accountabily.
Was this the guy that was NOQ and is now NQN?
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Old 02-13-2024, 05:39 AM
  #123  
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What does NQN mean?
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Old 02-13-2024, 05:59 AM
  #124  
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Originally Posted by Nightflyer View Post
What does NQN mean?
Not Qualified Not in Paid Status
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Old 02-13-2024, 06:07 AM
  #125  
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I keep reading the value of TA1 was so high because every dollar increase to the pension cost the company an additional three dollars. Why don't we just ask for all four dollars and spread it aound equitably. What am I missing? If the company refuses we'd know the true value of TA1 isn't actually as high as advertised.
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Old 02-13-2024, 02:03 PM
  #126  
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Originally Posted by max8222 View Post
If you want to know exactly what happens in negotiations get on the NC. I guess you do not read the union emails either.
I guess I really have no clue how negotiations work. I mean, I have negotiated 0 concession CBAs before while working for a previous carrier, but clearly I don't get it because I geniunely don't understand how we agreed to concessions throughout all of 2021/2022 when we were making 10 figure profits meanwhile DL and WN were hiring, flying insane amounts of greenslips/premium, and posting 9 figure losses during their negotiations.... and yet still walked away with contracts that their pilots ratified with overwhelming support.

Originally Posted by JustInFacts View Post
So you either don't know/understand how retirement funding works or you are advocating for a reduction in our current retirment. What you just proposed would freeze our current A plan, or you don't understand the tax advantage of CoC money going into a MBCBP.
It would freeze our A plan? source? Are we not allowed to have a hybrid "DB" plan?

If we aren't, that's fine, just send the extra to an HRA or cash over cap then if we can't do MBCBP plus current A plan. I'd rather spend that money anyway tbh.

So, without proof, you say that the costed value wasn't accurate. You want them to show their work, and even if they do, you won't believe it. SMH!!!
The proof is that FedEx didn't report an a significant increase in pilot cost. That tells you everything you need to know. FedEx can't just agree to a TA worth $3.8 billion and not have it show up in their earnings report. Finance doesn't work that way.

Originally Posted by Westerner View Post
I keep reading the value of TA1 was so high because every dollar increase to the pension cost the company an additional three dollars. Why don't we just ask for all four dollars and spread it aound equitably. What am I missing? If the company refuses we'd know the true value of TA1 isn't actually as high as advertised.
For the NC that created this abortion, deferred income that you might not even live long enough to collect on is much better than money in the bank now.

Last edited by plzdontfireme; 02-13-2024 at 02:15 PM.
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Old 02-14-2024, 02:23 AM
  #127  
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Originally Posted by plzdontfireme View Post

The proof is that FedEx didn't report an a significant increase in pilot cost. That tells you everything you need to know. FedEx can't just agree to a TA worth $3.8 billion and not have it show up in their earnings report. Finance doesn't work that way.
They didn't have to report anything in July because we didn't accept their contract offer. There was no increase in pilot cost. If FedEx offers to buy some airplanes they don't incur any cost or have to report anything until a Boeing agrees to the price.
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Old 02-14-2024, 09:44 AM
  #128  
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Originally Posted by plzdontfireme View Post
We didn't change out the NC so the company didn't change their offer. Change must first come from within.

Can you explain how a fortune 50 company, stocked with a razor sharp legal team and bottomless legal funds, is going to cave when a second year 757 F/O who most likely couldn’t explain SUB or best case a previous NC chair with experience that reassumes the position walks in? Seriously, paint the picture as to how that forces the company to cough up and give you the items you want that would add billions to the balance sheet.
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Old 02-14-2024, 09:51 AM
  #129  
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Originally Posted by 990Convair View Post
Can you explain how a fortune 50 company, stocked with a razor sharp legal team and bottomless legal funds, is going to cave when a second year 757 F/O who most likely couldn’t explain SUB or best case a previous NC chair with experience that reassumes the position walks in? Seriously, paint the picture as to how that forces the company to cough up and give you the items you want that would add billions to the balance sheet.
Company made its offer with a total sum that won't change. FX can just sit back and wait while we juggle priorities and we'll end up with the same dollar value in the end. We'll get those coveted DL pay rates, nebulous scope clause, no pension bump and a slight DC bump with the same signing bonus. Enjoy.
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Old 02-14-2024, 09:58 AM
  #130  
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Originally Posted by Maddog64 View Post
They didn't have to report anything in July because we didn't accept their contract offer. There was no increase in pilot cost. If FedEx offers to buy some airplanes they don't incur any cost or have to report anything until a Boeing agrees to the price.
That's not how accounting and finance works. They're required by law to report expected/known future cost increases and expenses as current losses. They did not. That tells you everything you need to know about the value of our TA. Do us a favor and stick to flying airplanes (or just retire).

Originally Posted by 990Convair View Post
Can you explain how a fortune 50 company, stocked with a razor sharp legal team and bottomless legal funds, is going to cave when a second year 757 F/O who most likely couldn’t explain SUB or best case a previous NC chair with experience that reassumes the position walks in? Seriously, paint the picture as to how that forces the company to cough up and give you the items you want that would add billions to the balance sheet.
Can you explain how a fortune 50 company, stocked with a razor sharp legal team and bottomless legal funds, is going to cave when the same NC chair that gave them a dreamsheet of concessions during the best negotiating environment in FedEx pilot history walks back in the room without the support of the majority of the pilot group? What exactly do you expect him to accomplish?

Originally Posted by Stan446 View Post
Company made its offer with a total sum that won't change. FX can just sit back and wait while we juggle priorities and we'll end up with the same dollar value in the end. We'll get those coveted DL pay rates, nebulous scope clause, no pension bump and a slight DC bump with the same signing bonus. Enjoy.
That's much less than what we deserve, but certainly better than TA1 or what we have now.
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