Why I'm Voting No
09-12-2015 | 01:10 PM
#11
Gets Weekends Off
Joined: Aug 2012
Posts: 711
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I already included the international override, that was the +7. The block over 8 does help a lot, however, even with block override, the highest paying line in the 777 in Sept paid 89.5 hours. That was BLG plus all unaccounted block override. So, where do the other 21.5 hours come from. I don't get extended every month, and only fly international. Haven't been extended in over a year. I still don't buy that a lot of W/B FO's are close to $260k without flying extra or a lot of carryover or are selling back vacation.
09-12-2015 | 01:14 PM
#12
Thread Starter
New Hire
Joined: Sep 2015
Posts: 5
Likes: 0
I already included the international override, that was the +7. The block over 8 does help a lot, however, even with block override, the highest paying line in the 777 in Sept paid 89.5 hours. That was BLG plus all unaccounted block override. So, where do the other 21.5 hours come from. I don't get extended every month, and only fly international. Haven't been extended in over a year. I still don't buy that a lot of W/B FO's are close to $260k without flying extra or a lot of carryover or are selling back vacation.
09-12-2015 | 05:21 PM
#15
Gets Weekends Off
Joined: Aug 2012
Posts: 711
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09-12-2015 | 05:40 PM
#17
Gets Weekends Off
Joined: Sep 2008
Posts: 107
Likes: 0
From: 757 Capt
Great post: the bottom line is the value of our A fund is being diminished by time and inflation. Plus with age 65 FedEx is having to paying out less money as crewmembers work additional years prior to drawing retirement.
The company is gradually stealing the value of retirements from us. At this rate it won't be long before the value of our A fund is low enough that FedEx will be able to convince 51% of the new pilots to vote it out completely for something like a small lump sum payment and a bigger B Plan.
Just because they say bumping up the A fund is expensive and causes them accounting problems doesn't make me anymore willing to agree with them.
The company is gradually stealing the value of retirements from us. At this rate it won't be long before the value of our A fund is low enough that FedEx will be able to convince 51% of the new pilots to vote it out completely for something like a small lump sum payment and a bigger B Plan.
Just because they say bumping up the A fund is expensive and causes them accounting problems doesn't make me anymore willing to agree with them.
Last edited by FDXAV8R; 09-12-2015 at 05:40 PM. Reason: grammar
09-12-2015 | 07:31 PM
#19
"blue collar thug"!
Joined: Nov 2006
Posts: 1,614
Likes: 0
From: A proponent of...
Something I havent heard mentioned is the fact that the pay rates still max out at 15 years.
The Company gets an extra 5 years out of people that want to go to 65. To get the max A fund moneys you need to go to 25 years. Why in the heck does pay top at 15 years? Ludicrous. And it has never been mentioned, to my knowledge, by the Union.
The Company gets an extra 5 years out of people that want to go to 65. To get the max A fund moneys you need to go to 25 years. Why in the heck does pay top at 15 years? Ludicrous. And it has never been mentioned, to my knowledge, by the Union.
09-12-2015 | 09:38 PM
#20
Organizational Learning
Joined: Nov 2005
Posts: 4,948
Likes: 0
From: Directly behind the combiner
We will never see $210,000 (the current IRS limit on how much you may receive in a calendar year as the BENFEFIT from your Defined Benefit Plan "A Plan") unless the Final Average Earnings Cap (the CBA limit to the income that can be multiplied by 2% x Years Of Service to calculate the annual retirement benefit, so maximum of 50% of FAE) is raised to twice $210,000, or $420,000. Unless and until the FAE cap is raised or removed, we can never reach that IRS limit.
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