FedEx Hiring
05-17-2015 | 06:43 PM
#761
Gets Weekends Off
Joined: Jul 2007
Posts: 128
Likes: 0
From: MD11 FO
And ... everyone on the property lost 5 years seniority (about 150 retirements a year when AGE 65 happened and almost nobody retired for the next 5 years!*?
That was a bad deal for everyone except the folks that got an unexpected windfall to get serious about their retirement savings. They also got an extra 5 years to try to find a hobby that they enjoyed more than hub turning in the middle of the night!*?
Would we have a new Contract now if everyone that turned 60 had been forced to retire? Would we ALL be 750 numbers more senior? I wonder every monthly bid, every vacation bid, every training bid, every seat bid ... what would have happened if ...
That was a bad deal for everyone except the folks that got an unexpected windfall to get serious about their retirement savings. They also got an extra 5 years to try to find a hobby that they enjoyed more than hub turning in the middle of the night!*?
Would we have a new Contract now if everyone that turned 60 had been forced to retire? Would we ALL be 750 numbers more senior? I wonder every monthly bid, every vacation bid, every training bid, every seat bid ... what would have happened if ...
05-17-2015 | 08:48 PM
#762
Gets Weekends Off
Joined: Jul 2014
Posts: 296
Likes: 0
[QUOTE=MaydayMark;1882942]And ... everyone on the property lost 5 years seniority (about 150 retirements a year when AGE 65 happened and almost nobody retired for the next 5 years!*?
And age 65 gave EVERYONE 5 more years. That's 5 more years to contribute to a 401K and 5 more years to get to 25yrs. Guys keep complaining about what seat upgrade they lost, well the same numbers are going to retire just 5 years later. The same opportunities will be there unless the wide body fleet is reduced. The bad thing about going 5 more years is hoping your health will be fine. But you now have the option to leave at 60 or 65.
And age 65 gave EVERYONE 5 more years. That's 5 more years to contribute to a 401K and 5 more years to get to 25yrs. Guys keep complaining about what seat upgrade they lost, well the same numbers are going to retire just 5 years later. The same opportunities will be there unless the wide body fleet is reduced. The bad thing about going 5 more years is hoping your health will be fine. But you now have the option to leave at 60 or 65.
05-17-2015 | 09:04 PM
#763
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Joined: Sep 2006
Posts: 1,209
Likes: 12
From: MD11 FO
[QUOTE=Viper446;1883027]
Viper - that's about the most ignorant post I've ever read here. Hope you are joking.
And ... everyone on the property lost 5 years seniority (about 150 retirements a year when AGE 65 happened and almost nobody retired for the next 5 years!*?
And age 65 gave EVERYONE 5 more years. That's 5 more years to contribute to a 401K and 5 more years to get to 25yrs. Guys keep complaining about what seat upgrade they lost, well the same numbers are going to retire just 5 years later. The same opportunities will be there unless the wide body fleet is reduced. The bad thing about going 5 more years is hoping your health will be fine. But you now have the option to leave at 60 or 65.
And age 65 gave EVERYONE 5 more years. That's 5 more years to contribute to a 401K and 5 more years to get to 25yrs. Guys keep complaining about what seat upgrade they lost, well the same numbers are going to retire just 5 years later. The same opportunities will be there unless the wide body fleet is reduced. The bad thing about going 5 more years is hoping your health will be fine. But you now have the option to leave at 60 or 65.
05-18-2015 | 04:11 AM
#765
Gets Weekends Off
Joined: Sep 2006
Posts: 943
Likes: 0
From: B-777 Captain
[QUOTE=MaydayMark;1882942]And ... everyone on the property lost 5 years seniority (about 150 retirements a year when AGE 65 happened and almost nobody retired for the next 5 years!*?
That was a bad deal for everyone except the folks that got an unexpected windfall to get serious about their retirement savings. They also got an extra 5 years to try to find a hobby that they enjoyed more than hub turning in the middle of the night!*?
Would we have a new Contract now if everyone that turned 60 had been forced to retire? Would we ALL be 750 numbers more senior? I wonder every monthly bid, every vacation bid, every training bid, every seat bid ... what would have happened if ...
So your saying your gonna leave when you turn 60.
That was a bad deal for everyone except the folks that got an unexpected windfall to get serious about their retirement savings. They also got an extra 5 years to try to find a hobby that they enjoyed more than hub turning in the middle of the night!*?
Would we have a new Contract now if everyone that turned 60 had been forced to retire? Would we ALL be 750 numbers more senior? I wonder every monthly bid, every vacation bid, every training bid, every seat bid ... what would have happened if ...
So your saying your gonna leave when you turn 60.
05-18-2015 | 05:16 AM
#766
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Joined: May 2006
Posts: 1,115
Likes: 5
From: Excessed WB Capt.
If you want to enjoy the best 5 years of your career, you have to stay to 65.
Last 5 years are when you make the most money (unless you have been a draft pilot) and have the most seniority. The guys who were in their late 50's had a 5 year extension on the best part of their career. Younger junior guys had a 5 year extension on the worst part of their career.
You can tell what side of coin people are on by their excuses of how it was good for everybody. "Hey you got an extra 5 years too". Well I got an extra 5 years of being an FO, not a Sr. wide body Capt and that aint the same.
Last 5 years are when you make the most money (unless you have been a draft pilot) and have the most seniority. The guys who were in their late 50's had a 5 year extension on the best part of their career. Younger junior guys had a 5 year extension on the worst part of their career.
You can tell what side of coin people are on by their excuses of how it was good for everybody. "Hey you got an extra 5 years too". Well I got an extra 5 years of being an FO, not a Sr. wide body Capt and that aint the same.
05-18-2015 | 05:37 AM
#767
done, gone skiing
Joined: May 2005
Posts: 1,603
Likes: 0
From: Rocking chair
The sad part of the age 60 debacle is how our individual right to extend our careers (and affect a collective loss in seat movement to our junior members) has been a one way windfall to the company and (as best as I can tell) we are not getting any credit for it during negotiations.
The money saved by Fedex from every pilot that works after age 60 has got to be HUGE. Their response, give us even more back in a watered down retirement benefit. We should be pounding this fact every time this "giveback" is even broached. We should be getting this money back. If we are going to work longer and collect less in retirement, how about putting the savings in my wallet, NOW
The money saved by Fedex from every pilot that works after age 60 has got to be HUGE. Their response, give us even more back in a watered down retirement benefit. We should be pounding this fact every time this "giveback" is even broached. We should be getting this money back. If we are going to work longer and collect less in retirement, how about putting the savings in my wallet, NOW
05-18-2015 | 06:13 AM
#768
Line Holder
Joined: May 2006
Posts: 1,115
Likes: 5
From: Excessed WB Capt.
The sad part of the age 60 debacle is how our individual right to extend our careers (and affect a collective loss in seat movement to our junior members) has been a one way windfall to the company and (as best as I can tell) we are not getting any credit for it during negotiations.
The money saved by Fedex from every pilot that works after age 60 has got to be HUGE. Their response, give us even more back in a watered down retirement benefit. We should be pounding this fact every time this "giveback" is even broached. We should be getting this money back. If we are going to work longer and collect less in retirement, how about putting the savings in my wallet, NOW
The money saved by Fedex from every pilot that works after age 60 has got to be HUGE. Their response, give us even more back in a watered down retirement benefit. We should be pounding this fact every time this "giveback" is even broached. We should be getting this money back. If we are going to work longer and collect less in retirement, how about putting the savings in my wallet, NOW
05-18-2015 | 06:23 AM
#769
Gets Weekends Off
Joined: Aug 2006
Posts: 4,184
Likes: 0
From: leaning to the left
The sad part of the age 60 debacle is how our individual right to extend our careers (and affect a collective loss in seat movement to our junior members) has been a one way windfall to the company and (as best as I can tell) we are not getting any credit for it during negotiations.
The money saved by Fedex from every pilot that works after age 60 has got to be HUGE. Their response, give us even more back in a watered down retirement benefit. We should be pounding this fact every time this "giveback" is even broached. We should be getting this money back. If we are going to work longer and collect less in retirement, how about putting the savings in my wallet, NOW
The money saved by Fedex from every pilot that works after age 60 has got to be HUGE. Their response, give us even more back in a watered down retirement benefit. We should be pounding this fact every time this "giveback" is even broached. We should be getting this money back. If we are going to work longer and collect less in retirement, how about putting the savings in my wallet, NOW
I understand what you're saying. And agree with the concept.
However, if we demand being paid now for saving the company money by working longer...Then, don't you think the company's response would be something like, "Great idea. But we'll need to change the normal retirement age to 65, to guarantee the savings."
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