My 401K is up 320% this year so I'd say I know what I'm doing.

Your last paragraph makes zero sense. My kids would gladly pay the taxes on my estate (with my money) to unlock the rest of it and thank me all the way to the bank while they celebrate instantly becoming gerantionally wealthy. Pension would pay them $0

and I can't stress this enough. The pension KILLS pilot unity at FedEx. Period

 

Guess you forget we have a 9% B fund. Couple that with your 401K and the pension and guess how much of your 401Knand B fund you need to withdrawl during retirement? 4% maybe 5% so you are not touching your principle. So you can leave your kids all that. By the way it is called a pension not a trust fund.

So are you saving up your sick bank so you can sell it back at 50% too?

Guess Raj is whole since he has been here longer than that, maybe he should not want an increase in his stock options and pay? Glad you are happy with your crumbs for all your hard work over the years. Another beat down pilot.

 

Warren, You have $90K, $900K in your account now? If so not impressed. You have $9M then why are you complaining on this board about unity go retire. Unity killer is other pilots trying to push their wants on other pilots, period.

I have only flown with one pilot that wants a big B fund and no A fund. He got hired at 26 about five years ago.

Give your kids a good education and spend time with them. Much better than giving them a bunch of money to dance around your grave on.

 

You must fly with the same 10 guys. Most everyone I fly with would trade a big b fund for no a plan in a heartbeat.

 

I can't retire I'm too young. If the company deposits $150,000 for every year you've been at FedEx into a retirement account for you. Why in the world would you still choose the pension?

Eliminating barriers to unity is what I'm after. Our current setup makes negotiating impossible and leads to industry lagging contracts. It just does that's not really debatable.

And lastly I plan on giving my kids everything. Good education, quality time, core values, integrity, opportunities to succeed, and a tangible legacy that will set their kids and their grandkids up for a higher chance at success in life.

 

320%, that is fantastic. The only question I have is why are you still working at FedEx. You are losing money going to work!

 

I would like to know how you think fedex is going to get around IRS rules to put $150k a year into your retirement account. Small math but if you where to get $169K a year in retirement times 20+ years, throw in your 401K and 9% B fund how does that compare? All B fund you will need to most likely draw down more than 5% to live off of. I am looking at about $450K a year in retirement and not touching my principle in my B Fund/ 401K. How does that pen out with your numbers.

Too young to retire? I thought you had all these big gains? Sitting on a big pile of cash? Oh so you have all these gains in a hugely up market. Come talk to me in a few years after a correction. How are you going to invest when you get close to reitement? 100% in the market? Big gamblers lose big more than they win.

Maddog, they probably tell you that cause you beat them down about how much you hate the A plan. They just go along with you to get the trip finished.

 

lol best of luck to you.

 

So, do you tell them that the B plan they were promised when they were hired is still here and that no one ever said it would be increased. Do you tell them that if they aren't setting aside their own money for retirement, they are fools. Do you tell them that attempting to get any retirement increase is just delaying any future TA.

The argument that this is the way it was, and no one promised anything would get better can be used for every section of the contract. It is not a productive argument. Are we willing to fight for the contract we deserve, or are we only willing to fight for pay rates?

Anyone who knows anything about money knows that simply increasing the B plan benefits those with time much more than those who are at the end of their careers. I fly with a lot of people who want a big B plan. Not 10 of 10, but at least 5-6 of 10. They have no idea how much money they need from that increased B plan only option to match the value of the A plan.

 

Looks like your plan to kill the pension is..........divisive. So once again after 3 pages of young vs old/senior vs junior, we should bargain for improvements to both the Pension and the DC. What amount is relative Justin. Its the core concept of making improvements that benefit all parties on the seniority list.