FedEx that bad?
01-03-2025 | 08:22 AM
#61
On Reserve
Joined: Sep 2024
Posts: 17
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I hear this argument from the yes voters.. There is nothing guarenteed about the pension additionally you have to have 25 years at least to see the 130k. What about those that will not have 25 years are they suppose to see the same value? A higher pay rate and better company contributions along with a cash over cap is more valuable...I will have just under 25 years so yes the 130k will be nice but would I rather be paid more now and see cash over cap...hell yes worth more to me now then sometime down the road especially given how painful the road here is going to be.....
01-03-2025 | 08:32 AM
#62
Aspiring PSA Captain
Joined: Sep 2020
Posts: 1,146
Likes: 199
wrong. FedEx is old pilots vs young. Period. And that’s because we have a pension. That dynamic won’t change until we get to 18% cash over cap and eliminate the auto yes voters who only read the retirement section of the TAs
Also, management knows this and uses it extensively against us. Imagine a negotiating cycle where we don’t even have to open the retirement section and we can all collectively focus on QOL and pay and scope. That type of thing will never exist as long as the pension exists.
I’m 0% for just blindly getting rid of it like we tried to do in TA1 but we need to ALL (especially the old guys) be made very whole and then we need to let the company out of it for the sake of our unity for the next 2 cycles while we attempt to claw back into the same universe as the big 3
Also, management knows this and uses it extensively against us. Imagine a negotiating cycle where we don’t even have to open the retirement section and we can all collectively focus on QOL and pay and scope. That type of thing will never exist as long as the pension exists.
I’m 0% for just blindly getting rid of it like we tried to do in TA1 but we need to ALL (especially the old guys) be made very whole and then we need to let the company out of it for the sake of our unity for the next 2 cycles while we attempt to claw back into the same universe as the big 3
Scope, retirement, work rules, and industry leading pay. TA1 PARTIALLY fixed retirement. Not good enough.
01-03-2025 | 08:52 AM
#63
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Joined: Jan 2018
Posts: 219
Likes: 22
Okay, you can't walk and chew gum then - I can. I'm fully vested and maxed in the pension and voted NO six seconds after voting opened. Your attitude is what steels a significant number of "older" pilots into an opposing camp.
Scope, retirement, work rules, and industry leading pay. TA1 PARTIALLY fixed retirement. Not good enough.
Scope, retirement, work rules, and industry leading pay. TA1 PARTIALLY fixed retirement. Not good enough.
01-03-2025 | 10:10 AM
#64
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Joined: Aug 2024
Posts: 888
Likes: 283
01-03-2025 | 10:30 AM
#65
Line Holder
Joined: Aug 2006
Posts: 1,357
Likes: 133
01-03-2025 | 11:27 AM
#66
Banned
Joined: Aug 2019
Posts: 1,244
Likes: 0
I hear this argument from the yes voters.. There is nothing guarenteed about the pension additionally you have to have 25 years at least to see the 130k. What about those that will not have 25 years are they suppose to see the same value? A higher pay rate and better company contributions along with a cash over cap is more valuable...I will have just under 25 years so yes the 130k will be nice but would I rather be paid more now and see cash over cap...hell yes worth more to me now then sometime down the road especially given how painful the road here is going to be.....
01-03-2025 | 12:16 PM
#67
Aspiring PSA Captain
Joined: Sep 2020
Posts: 1,146
Likes: 199
That would absolutely work. It would also fix manning issues. FDX is not interested in fixing anything. We are at an impasse and the NMB should acknowledge as much.
01-03-2025 | 01:49 PM
#68
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Joined: Sep 2006
Posts: 1,209
Likes: 12
From: MD11 FO
I hope things turn around too but 40% of us voted in favor of a TA that was not industry leading, not industry standard, but industry lagging. Many in this cohort are virulently anti-union and are very simpathetic to FX management style. It is hard to stand in unity with a mentality like this. Some of them actively cheer-on furloughs for their own brothers because they feel slighted by the outcome of the TA vote even though many of the possible furloughees did not (could not) vote. We lose @250 of these guys every year. It will take time to right this ship unfortunately.
01-03-2025 | 01:56 PM
#69
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Joined: Sep 2006
Posts: 1,209
Likes: 12
From: MD11 FO
agree! yet we now are asking for three separate retirement systems! And the chief proponent of the pension is on record on this site, APC, as saying he wants a $500k plus FAE. So I doubt it's going anywhere until he retires...in a few months.
01-03-2025 | 01:59 PM
#70
Line Holder
Joined: Sep 2006
Posts: 1,209
Likes: 12
From: MD11 FO
R u kiddin me? We wasted an extradordinary amount of time in 2015 on pension during sec6 and as a result ended up with an MEC that hated each other and could only agree on an anemic small increase to the DC fund. Absolutely wasted time and pilot money.
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