Time value of money? How about inflation eroding our pension benefit.

Not counting on pension? Probably a good strategy, particularly if you are younger.

Going back to the table and asking for more? That's funny. If you recall, one of our top items was to improve the pension. We didn't go back and ask for more, we just said "ok, we see you drew a line in the sand. Next topic."

 

I've never understood why a line in the sand could be so foreboding.










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If you read my posts you will see that I said the company could probably afford an increase financially, no argument there. That doesn't mean they could afford it politically with regard to the rest of the employees who lost theirs about 8 years ago.

It wasn't going to happen, period. My opinion only. Not because of the money, but because of the lack of perceived fairness with the rest of the company.

So while I would have liked the A fund to have been improved, I was never expecting it to so that wasn't the reason I voted NO.

Did I mention that I voted NO?

Well, I did, I voted NO.

 

Highly recommend you contact the alpa office and get a retirement analysis plan with the schwab CFP. (it's free- or paid by alpa/schwab).

Just did it and it was very insightful- a true good news story. However if you took out the pension it would be a Significantly different story that can't be overstated. Your financial life in retirement would be significantly adversely affected, unless you had another $2M stashed outside of your B fund somewhere.

She will show you how your spending goals are achieved and by what sources, and how your nest egg will continue to grow or contract based on withdrawals. You will see that your DB plan will be the source of 50-65% of your spending sources, with SSC and your DC plan making up the rest. retirement inc sources.JPG The purple bars is the annual DB plan source. yellow is DC plan. If you took out the purple the yellow would be much bigger- until it ran out!

 

I'm not avoiding anything.

I don't care about the pension, because I can't trust it.

I can live off my B fund, my outside investments and my second career. I don't plan to sit around after I leave Fedex.

 

I don't think it is too expensive to save the money as you describe it. And it certainly isn't too expensive for the company now that they have a known ceiling. But you tell me what the pay rates will be in 2040 and now we are talking setting a side a big chunk of F/O New Hires $1500 pay check to cover his high five retirement check of 300,000K.

And the inverse is true, why do people believe it's too expensive for an individual to save the money but not the company? Now I am done with this before all the little girls who's feelings get hurt because someone has a different opinion start making the personal attacks and then I get attacked for defending myself.

 

I was just hoping for a COLA to the pension. I thought that was fair.

 

I can tell you they will be negotiated, and The Company won't agree to anything it can't afford.



So many errors, where does one start?

$1,500 pay check?

$300,000 retirement check?

And again, IF it would require The Company to set aside a "big chunk" of the paycheck, what makes you think the pilot could better afford to do it himself?



It looks like you've already started the personal attacks by calling "all the little girls."






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What is a new hire pay check? What would the Retirement check be if the cap were listed and the pay rates doubled in 25 to 30 years?

And again, that is why the company is refusing to do so, not what I like. But I understand the logic and accept it you don't. I can live with that.

There certainly are a lot of little girls on here who attack people who don't agree with them. I never told anyone how to vote on the TA, and I am still being attacked for selling the TA as the greatest contract in history. The TA was good enough for me. And I certainly never attacked anyone for having a different opinion on it. I do apologize for insulting little girls.