"TA or not a TA, that is not the question"?
08-20-2015, 05:41 AM
#41
Gets Weekends Off
Joined APC: Jan 2010
Position: Supine
Posts: 251
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
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
#42
Gets Weekends Off
Joined APC: Nov 2006
Position: 767 FO
Posts: 8,047
Originally Posted by Singlecoil
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
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, 06:22 AM
#43
Gets Weekends Off
Joined APC: Aug 2005
Position: Retired
Posts: 980
Originally Posted by Singlecoil
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
Here is the link.
IRS Announces 2015 Pension Plan Limitations; Taxpayers May Contribute up to $18,000 to their 401(k) plans 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, 08:08 AM
#45
Line Holder
Joined APC: Jan 2008
Position: MD-11 CPT
Posts: 76
Originally Posted by FoxHunter
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
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, 08:32 AM
#46
Gets Weekends Off
Joined APC: Apr 2006
Position: MD-11 Captain
Posts: 4,304
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
CPI Inflation Calculator
It's good to hear from you GC, I've been worried about your "butterfly shoulder."
08-20-2015, 09:15 AM
#47
Gets Weekends Off
Joined APC: Dec 2005
Posts: 652
Originally Posted by FoxHunter
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
CPI Inflation Calculator
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, 09:51 AM
#48
Part Time Employee
Joined APC: Jul 2006
Position: Dispersing Green House Gasses on a Global Basis
Posts: 1,918
Originally Posted by Fegelein
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.
And, does your momma know you are in the basement posting trash online again instead of outside mowing the lawn like she told you to do?
08-20-2015, 09:58 AM
#49
Gets Weekends Off
Joined APC: Dec 2013
Position: FedEx A-300 Captain
Posts: 125
Originally Posted by Fegelein
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.
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