TVM
 

Can someone tell me the "time value of money" formula for waiting 6-10yrs to either fix the A-plan cap or negotiate a B-plan increase that will make up for that lost retirement value? How much bigger will the B-plan, with cash over cap, have to be in 2023 to make up for not fixing it now? :confused:

How do we figure the time value of money lost for the 1000s of our pilots that will retire under this TA? 1000s of our current crewforce will be stuck with this TA's 1998 A-plan cap, for 20 to 30 years, and not reap the benefit of the giant B-plan you will surely fight for in the next contract. :rolleyes:

Do any of the "yes" voters actually think the negotiating environment is going to be better 6-10 years from now? :mad:

Slightly better than the TVM for all the pilots who have retired over the last 9 years/two contracts when we let it ride.

Very good question and one that everyone should be thinking about!

So the guys that have been cr@pped on in the last 9 years are slightly worse off than the guys who will get cr@pped on in the future??!!

It seems everyone is still being cr@pped on. I fail to see the logic.

And the guys retiring in the future will lose more in the TVM equation, not the other way around. The A plan cap will always be worth more the farther back in time you go.

I'll go on record right now and say the negotiating environment will never be better than it was 3 months ago. It will be much worse as soon as this peak is over.

And, if we remain under the current CBA, they can't hire and train quickly enough to fix their problem even next peak. And, if they fail to follow through with giving us TNT long-haul flying, it will really drive us towards lots of individual leverage actions.

The future isn't bleak.

I agree that our MEC blinked at a perfect moment. But, how much worse depends...What is YOUR plan, Rock, if this TA is voted down?

You may find that ALPA finds the contract substandard with a negative impact on all ALPA members. Even if accepted by a majority of FedEx members the ALPA President has to sign the contract.

IMHO, after peak any negotiating leverage is gone. In January, the instructors will leave line flying for the schoolhouse, HR will ramp up hiring as necessary (maybe 40-50/month), the 767 sim situation will slowly resolve itself, and by summer most of the manning issues will be resolved to a tolerable level. It will take that long to assemble a new NC committee, elect new reps to replace those who resign or are recalled, poll the pilot force, set a strategy and hopefully get the company to re-engage. Now where is the leverage to get the company to offer a 300-320 A plan?

I don't know about that. I have to wonder if they're more interested in the immediate dues increase (that has no cap, unlike our retirement plans) over retirement or work rules improvements.