Search
Notices

TVM

Thread Tools
 
Search this Thread
 
Old 09-28-2015, 09:38 PM
  #1  
Gets Weekends Off
Thread Starter
 
Joined APC: Aug 2006
Position: leaning to the left
Posts: 4,184
Default 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?

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.

Do any of the "yes" voters actually think the negotiating environment is going to be better 6-10 years from now?
Busboy is offline  
Old 09-29-2015, 03:20 AM
  #2  
Gets Weekends Off
 
Joined APC: Nov 2006
Position: 767 FO
Posts: 8,047
Default

Slightly better than the TVM for all the pilots who have retired over the last 9 years/two contracts when we let it ride.
FDXLAG is offline  
Old 09-29-2015, 07:50 AM
  #3  
Gets Weekends Off
 
HIFLYR's Avatar
 
Joined APC: Sep 2007
Position: 777 Captain in Training
Posts: 1,457
Default

Originally Posted by Busboy View Post
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?

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.

Do any of the "yes" voters actually think the negotiating environment is going to be better 6-10 years from now?
Very good question and one that everyone should be thinking about!
HIFLYR is offline  
Old 09-29-2015, 10:10 AM
  #4  
"blue collar thug"!
 
iarapilot's Avatar
 
Joined APC: Nov 2006
Position: A proponent of...
Posts: 1,614
Default

Originally Posted by FDXLAG View Post
Slightly better than the TVM for all the pilots who have retired over the last 9 years/two contracts when we let it ride.
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.
iarapilot is offline  
Old 09-29-2015, 11:26 AM
  #5  
Gets Weekends Off
 
Joined APC: Jan 2007
Posts: 1,196
Default

Originally Posted by Busboy View Post
Do any of the "yes" voters actually think the negotiating environment is going to be better 6-10 years from now?
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.
Rock is offline  
Old 09-29-2015, 12:01 PM
  #6  
Gets Weekends Off
 
Joined APC: Aug 2012
Posts: 711
Default

Originally Posted by Rock View Post
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.
Raptor is offline  
Old 09-29-2015, 12:25 PM
  #7  
Gets Weekends Off
Thread Starter
 
Joined APC: Aug 2006
Position: leaning to the left
Posts: 4,184
Default

Originally Posted by Rock View Post
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.
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?
Busboy is offline  
Old 09-29-2015, 01:24 PM
  #8  
Gets Weekends Off
 
FoxHunter's Avatar
 
Joined APC: Aug 2005
Position: Retired
Posts: 980
Default

Originally Posted by Busboy View Post
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?

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.

Do any of the "yes" voters actually think the negotiating environment is going to be better 6-10 years from now?
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.
FoxHunter is offline  
Old 09-29-2015, 01:43 PM
  #9  
Line Holder
 
Joined APC: Jun 2006
Position: MD11 F/O
Posts: 47
Default

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?
md11freightdog is offline  
Old 09-29-2015, 01:44 PM
  #10  
Gets Weekends Off
 
Joined APC: Nov 2013
Posts: 2,756
Default

Originally Posted by FoxHunter View Post
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.
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.
busdriver12 is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Guard Dude
Delta
201720
04-06-2022 06:59 AM
JustMyOpinion
Delta
313
07-10-2015 12:09 PM
gzsg
Delta
26
07-09-2015 10:49 AM
Rabid Seagull
Delta
21
07-09-2015 10:26 AM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices