"TA or not a TA, that is not the question"?

Reply Subscribe

Page 5 of 10

Last »

Thread Tools

Search this Thread

08-20-2015 | 03:27 AM

#41

Jetjok

Gets Weekends Off

Joined: Sep 2006

Posts: 3,717

Likes: 0

From: Retired

No... it just bothers him when the original poster doesn't put the company name in the title or first paragraph of a new thread. It's nice that that's all he has to fret about.

08-20-2015 | 04:50 AM

#42

cp44fla

Line Holder

Joined: Jan 2011

Posts: 77

Likes: 0

If asking "what company?" Gets you turds that fired up.....I'd say that's funny!

08-20-2015 | 05:41 AM

#43

Singlecoil

Line Holder

Joined: Jan 2010

Posts: 275

Likes: 4

From: Supine

Not a FedEx guy, but I have a pension at a different airline. You can't just bump up the annual compensation limit. That number and many others are tweaked by the IRS annually. It is actually $265,000 for 2015.
Here is the link.
IRS Announces 2015 Pension Plan Limitations; Taxpayers May Contribute up to $18,000 to their 401(k) plans in 2015

08-20-2015 | 05:52 AM

#44

FDXLAG

Gets Weekends Off

Joined: Nov 2006

Posts: 8,047

Likes: 0

From: 767 FO

Quote:

Originally Posted by Singlecoil

Yes, but I believe that only impacts company tax breaks. It can be higher just the tax implications are different. For example our 260k limit has been in place since the limit was less than 260k. It would be nice to keep the max at or above current IRS limits.

08-20-2015 | 06:22 AM

#45

FoxHunter

Gets Weekends Off

Joined: Aug 2005

Posts: 980

Likes: 0

From: Retired

Quote:

Originally Posted by Singlecoil

That is not correct. I may be misinformed but I recall that UPS pilots have a limit of $300,000 set a good number of years ago. Jeb Bush has been contributing $350,000 a year into his pension plan. In the case of the FDX Pilots pension the $260,000 was put in for the first contract in 1998. If that date is correct today the number should be over $380,000 in 2015.
CPI Inflation Calculator

I suggest everyone read the book Retirement Heist to start to understand what has happened to the pensions. You will be asking yourself "How can that be Legal?". Retirement Heist - Pension Fraud Book - Ellen Schultz

Pension Plan Cut Jeb Bush?s Taxes - WSJ

How Jeb Bush?s ?rm made him rich ? and created a nest egg for his family - The Washington Post

08-20-2015 | 06:38 AM

#46

MEMA300

Line Holder

Joined: May 2006

Posts: 1,115

Likes: 5

From: Excessed WB Capt.

Legalized money laundering and influence peddling. Where do I sign up.

08-20-2015 | 08:08 AM

#47

package puppy

Line Holder

Joined: Jan 2008

Posts: 76

Likes: 0

From: MD-11 CPT

Quote:

Originally Posted by FoxHunter

One would suggest ya'll read up on the IRS pension limits and the reason for a flat dollar chart prior to voting on anything. Just saying'.

08-20-2015 | 08:32 AM

#48

MaydayMark

Gets Weekends Off

Joined: Apr 2006

Posts: 4,304

Likes: 0

From: MD-11 Captain

Quote:

Originally Posted by FoxHunter

the FDX Pilots pension the $260,000 was put in for the first contract in 1998. If that date is correct today the number should be over $380,000 in 2015.

CPI Inflation Calculator

It's good to see that FH received his semi-annual Inflation Calculator software update.

It's good to hear from you GC, I've been worried about your "butterfly shoulder."

08-20-2015 | 09:15 AM

#49

Airbum

Line Holder

Joined: Dec 2005

Posts: 673

Likes: 5

Quote:

Originally Posted by FoxHunter

you are just slightly off, the UPS has a limit on the A plan of the LESSOR of, the IRS limits or to a MAX of $300,000.

UPS A plan is 1% a year ( max 30% ) of IRS limits or $300,000 FAE whichever is the least.

Option 2 is a flat rate benefit of $3,000 a year max of 30 years. (Established in 2006 with no increases.) ( Capt $3,000 First Officer $2,400 Flight Engineer $2,100 )

30 years A plan 265,000 x .3 = $79,500
30 years Flat rate 30 x 3,000 = $90,000

Last edited by Airbum; 08-20-2015 at 09:22 AM. Reason: clarify captain

08-20-2015 | 09:41 AM

#50

Fegelein

Gets Weekends Off

Joined: Jan 2015

Posts: 369

Likes: 0

What you need to know about UPS' A plan is that theirs is tied in with their management's pension and cannot be terminated without canceling management's pension to, and you know that's not going to happen. Unlike ours which is at risk in a potential future BK in an 1113 motion.