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Four years for this TA

Old 08-31-2015 | 09:42 AM
  #61  
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Originally Posted by USMCFDX
This should have been fixed - yet another reason to vote no.
The problem is the IRS Caps are just as detrimental to B-Funds.

The B-fund is rumored to go to 8% and and then 9% although not for a few years.

So this is a positive for people with more than 8 years to go although it would be more positive if it was an immediate 9%.
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Old 08-31-2015 | 10:02 AM
  #62  
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Originally Posted by RedeyeAV8r
...So this is a positive for people with more than 8 years to go although it would be more positive if it was an immediate 9%.
If it was an immediate 14%, I would be happy to let the A-plan stagnate and consider the retirement section completely acceptable.

Is that in our best interest? Not in mine (stock market dumps the year you retire, as an example). But, with a significant increase to the B-plan, I think those of us who feel retirement was not properly addressed to the level we have earned, would be able to see this big item as acceptable.
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Old 08-31-2015 | 10:37 AM
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Originally Posted by RedeyeAV8r
The problem is the IRS Caps are just as detrimental to B-Funds.

The B-fund is rumored to go to 8% and and then 9% although not for a few years.

So this is a positive for people with more than 8 years to go although it would be more positive if it was an immediate 9%.
Yes and I'm still trying to figure out how it all works but my understanding is it is only on the first $265,000 of earnings so its not a true 1% now and 1% later. If you make over $265, and I bet over half our crew force does or soon will with the new pay rates, you are not getting what you should. The extra over the $265 should have been paid to us directly.
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Old 08-31-2015 | 10:39 AM
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Originally Posted by CloudSailor
If it was an immediate 14%, I would be happy to let the A-plan stagnate and consider the retirement section completely acceptable.

Is that in our best interest? Not in mine (stock market dumps the year you retire, as an example). But, with a significant increase to the B-plan, I think those of us who feel retirement was not properly addressed to the level we have earned, would be able to see this big item as acceptable.
But that doesn't address the issue either. You would only be receiving 18% on your first $265 than the company stops paying. You are getting short changed.
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Old 08-31-2015 | 10:49 AM
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Originally Posted by USMCFDX
But that doesn't address the issue either. You would only be receiving 18% on your first $265 than the company stops paying. You are getting short changed.
I completely agree.

I would find the 14% B-plan acceptable, but not ideal, because an improved A-plan is really what is worth defending.
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Old 08-31-2015 | 01:06 PM
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Originally Posted by USMCFDX
Yes and I'm still trying to figure out how it all works but my understanding is it is only on the first $265,000 of earnings so its not a true 1% now and 1% later. If you make over $265, and I bet over half our crew force does or soon will with the new pay rates, you are not getting what you should. The extra over the $265 should have been paid to us directly.

FYI, They also wouldn't be getting what they should with a large B-Plan. Balance is the way to go.
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Old 08-31-2015 | 01:08 PM
  #67  
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Originally Posted by CloudSailor
I completely agree.

I would find the 14% B-plan acceptable, but not ideal, because an improved A-plan is really what is worth defending.
You are also forgetting about the $53,000 IRS cap on Defined Contribution plans.

B-fund
401k
Sick Buy Back
Company Match
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Old 08-31-2015 | 04:12 PM
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Originally Posted by busdriver12
"I don't have the details of the 40K, one year retirement notice. But why don't we all get that? Sounds like another 25K Veba deal."

What? Why don't we all get that? It's obviously an incentive for people to give notice of retirement. I would guess that anyone will have access to that, but obviously, they have to give the required amount of notice.

Some of the complaints here don't even make sense.
Ok.. Looks like I got this one right... 54 at time of signing....
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Old 08-31-2015 | 05:29 PM
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Does any one else miss the 3% interim contracts yet? Seems we never, ever win on work rules.
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Old 08-31-2015 | 05:39 PM
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Originally Posted by MX727
Does any one else miss the 3% interim contracts yet? Seems we never, ever win on work rules.
I've said that from the beginning - don't change anything, just pay me more to do it!
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