Not going to happen

 

it’s a TA. The pilots don’t have anything yet.

 

FEDEX pilots compute flight pay from Nov 21 to date of signing. Multipy by 40%.....That is your retro active compensation up to DOS....by law... $150,000 is a bit short. A senior Capt would lose close to $350000... Todays labor consultants use the tactic delay delay delay..To the point pilots get fed up and except lower precidents in contract standards.

56 months past amendable date? Next contract will be the same or longer...

Now adjust inflation in the numbers, value of a dollar from 56 months ago? ouch

 

There is no retro active pay "by law", its what is agreed to in the TA. And so the company delayed and delayed, No S##$%. And FX pilots did nothing to get the company to come to the table. If a TA suddenly happened, something is going on with the company that THEY need a TA.

 

Thats why it’s called an signing bonus, and not retro pay.


From my buddies at FX, and listening to them the last few years, this isn’t entirely true. There were a lot of pilots willing to put the screws to the company, but that was all washed out by the epidemic of w4ores who were willing to pick up anything and everything at even straight pay to line their own pockets (at significantly lower rates than the pax carriers.)

 

Unfortunately Tom, you are incorrect. The RLA (Federal Labor Law established the Railway Labor Act) and covers employees under a class and craft paradigm. Those employees are covered while they are actively employed and does not reach beyond that legal line. In other words, a Union (ALPA, SWAPA, etc), cannot be “compelled” to bargain for any future or past employee because by definition they are no longer a member of the class and craft.

This has been upheld numerous times in Federal Court (feel free to look it up). It would be great if FDX had offered to cover those pilots who unfortunately retired before April 8,2026. But this isn’t the case. Wish it were different but there isn’t a statutory requirement to cover you outside of the CBA.

Save your money on the lawyer and enjoy retirement…sincerely.

 

I agree with you on RLA being somewhat general in scope. Under RLA contracts do not expire they become "amedable" When a new contract is agreed to all changes revert back to amendable date (pay,work rules ,benefits) Any FEDEX pilot receiving flight pay after NOV21 up to DOS is entitled to retro active pay.

FEDEX MEC in previous negotiations wanted a "bonus" vs full flight pay retro in order not to reward a few members flying overtime. Understandable at the time however future negative aspects of that are obvious. 56 months of sec 6 is like skipping an entire contract, then getting a fraction of lost flight pay.

On pilots who retired after NOV21 to DOS they were on property and are entitled to benefit changes. Not negotiating for future pilots hired after DOS? MEC just did that with retirement. No more DB option for them..

American APA in 1983 agreed to a 17 year B scale for new hires. They could get A scale early with a captain bid, but B scale retirement was forever. 1991 B scale pilots sued American over retirement. It was settled fast and never went to court. Management knew it was not legal. All APA pilots on same retirement benefit plan.

Anytime a labor dispute ends up in court "legal precident" or case history on judicial rulings is used not RLA..

Statments on NOT being CBA for future pilots or retired pilots on property after NOV21...The old saying goes "WE ARE IN THE LIFEBOAT,PULL IN THE LADDER"

 

This can be a wild number to try to pin down, because the cost and/or valuation of a DB plan can swing wildly with about 5 different variables, including age, interest rates, valuation of the plan assets and so on.

With a healthy plan, run by someone who knows what they're doing, with good diversification of assets that experience modest gains, with a "normal" stable long term interest of around %5, DB plans are self funding, costing only administrative fees and marginal capital infusions for additional employees with a reasonable demographic spread.

Change any of those variables, and it can get on the wrong side of any number of lines, requiring contributions from the sponsor. Those contributions can be surprisingly high with marginal changes in the conditions, because the changes can be exponentially bad.

That said, under the above conditions, a DC of %18, with cash over the cap, for a younger pilot (say, <35), the DC money is probably bordering on being more expensive, all in, than a equivalent DB benefit. When DBs are self funding, the contribution requirements, if required at all, are very modest, and are usually made once per year. DC money, OTOH, represents real money that has to be paid out every two weeks. When interest rates ran back to their normal levels a few years ago, there was chatter in the corporate benefit world that maybe DC wasn't the way to go, and DB plans actually represent a savings and better capital management.

Then interest rates got all wonky again, and that idea went out the window.

 

You say you were a Delta pilot for 32 years. Why weren't you complaining that Delta didn't get 18% of their 2020, 2021 and 2022 pay? Why didn't retirees at Delta in December 2022 get their 2020, 2021 and 2022 DC contributions changed from 15% to 18% if all benefits in the contract go back to the amendable date? Maybe it has to do with the fact that there are effective dates tied to those pay rates and benefits.

Sorry that after 32 years at Delta you have nothing better to do with your time than to post false information on the Fedex board. If what you say is law really was law the way you describe it, then it wouldn't have to be negotiated.

 

You Have no clue......Chapter 11 2008 60% final avg earnings for retirement with full medical.......to 15% DC end up with 20 cents on the dollar from what you were under contract previously. May have been some complaining.

A DC plan works well for a new hire with 30 years to go. No worries about any future chap 11 because money is in your name. 2008 long time retired DAL took huge hits in retirement pay and lost med.

Pay and benefits to amendable date or not? If not then retro bonus/pay would be zero..

Why post here? Have tons of Guard friends flying and retired with FEDEX. ALPA pilots support ALPA pilots regardless of whatever airline they fly for.. Seen tons of contracts,mergers and chap 11 when contract pay and retirement is devistated.

Lots of things to complain about!