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Old 09-12-2015 | 09:48 PM
  #21  
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Originally Posted by TonyC
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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We weren't talking about Benefit, but we were talking simply about wide-body F/O compensation. As you were Tony!
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Old 09-12-2015 | 09:57 PM
  #22  
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Originally Posted by Raptor

We weren't talking about Benefit, but we were talking simply about wide-body F/O compensation. As you were Tony!D

So, what $210,000 were you talking about? How does that number affect anybody?





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Old 09-12-2015 | 10:03 PM
  #23  
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Originally Posted by TonyC
So, what $210,000 were you talking about? How does that number affect anybody?
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It doesn't affect anyone. It was just one of those side-tracked conversations. Look at post two--it begins there.
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Old 09-12-2015 | 10:12 PM
  #24  
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Originally Posted by Raptor

It doesn't affect anyone. It was just one of those side-tracked conversations. Look at post two--it begins there.

OK, gotcha, sorry for my confusion. I should have directed my comment/question towards pinseeker for Post #7. Perhaps it was a coincidence, but many people seem to think $210,000 is a limit that affects us. It is not.

Thanks for pointing me in the right direction.





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Old 09-13-2015 | 01:02 AM
  #25  
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Originally Posted by hellsbells
...... I am on the 777 and I routinely fly with F/O's that make $260 or better. Last year I flew with a F/O that has averaged over $300k for the last 5 years and recently flew with a F/O that made $350k last year.
not to derail, much - but there is one of the main reasons we are where we find ourselves.

Originally Posted by hellsbells
Certainly working much harder than I care to but on the 777, with high RLG's and all of the overrides added in, $260K for a F/O is within reach.
They don't get there via high RLG or overrides.
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Old 09-13-2015 | 09:42 AM
  #26  
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Originally Posted by FDXAV8R
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.
FDXAV8R makes a great point. I realize I’m preaching to the choir here but, as far as the company saying there’s “no money available” – What was the windfall to the company when the retirement age was raised to 65? Forget about the extra productivity the pilots provide the company working past age 60 and consider only the savings to the company delaying A Fund payments. For every year, month, day you work past age 60, the company is saving by not having to pay your retirement and reduces the total number of years, months, days they will ultimately have to pay you before you die. I would love to see the costing numbers on this. Seems to me these savings would be more than enough to bump up the A Plan.
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Old 09-13-2015 | 11:33 AM
  #27  
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Originally Posted by pinseeker
Top rate in W/b is $187 + 7 intl overide = $194/hr.

$260k/194/12 = 111.6 hours per month. I am a top scale W/B FO and have never come close to $210k. So how are you averaging almost 111 hrs/month?
The Blk over 8. 3/3 every 90 days. It all adds up.
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Old 09-13-2015 | 03:20 PM
  #28  
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Can we please stop quibbling about whether a 777 FO can hit the limit and discuss the real problem - that the limit should be $410K this year, and that no FO can hit that.

The limit should be something that guys strive to hit - upgrade to make my high 5. We've all flown with guys doing that. Why? Because it was worth it!

I see two options for the A plan. Either tie it to IRS limits (that adjust every year) or tie it to our new pay rates (that adjust every year). It should stay at a minimum of highest WB CA x 1000. If the WB CA rate hits $300, then the A-plan cap is $300K. The dollar amounts are negotiated together.

The A-plan is nothing more than deferred compensation. We could get much higher payrates now if we gave up the A plan. But it is a negotiated benefit that we HAVE given up compensation before to secure. Letting it die on the vine is an insult to us and previous negotiations.
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Old 09-13-2015 | 03:46 PM
  #29  
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Originally Posted by pilot141
...
The A-plan is nothing more than deferred compensation. We could get much higher payrates now if we gave up the A plan. But it is a negotiated benefit that we HAVE given up compensation before to secure. Letting it die on the vine is an insult to us and previous negotiations.
Our represtatives decided it wasn't worth giving up any more compensation to un cap the A Plan. How much other compensation are you going to tell the new NC to give up in order to uncap it.
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Old 09-13-2015 | 03:47 PM
  #30  
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Why I'm voting no - in a nutshell.

I am forced to read every single line of every single section and know, beyond any shadow of a doubt, that it will be misinterpreted, abused, misrepresented, and go undefended by my union.

Look at any contract through that lens and it's ugly.

The real problem is the environment of mistrust that has been created by flight management the past few years.

Maybe it will cost them some money to repair that relationship.

Pipe
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