Quote:
Want to say current IRS qualified limit is 210k, which would equate to a 420k earnings cap.
But it wasn't.
And from a Business perspective, I'd hope we can all agree that a change from a 260 cap to a 420 cap is a pretty big swing. One that FedEx has the money to pay, but certainly no desire to pay.
And, from a Seniority perspective. Changing the cap that much would create a huge incentive for every Senior Pilot to go to 65 in order to benefit, only Governments make pension changes Retroactive.
CD's been pretty excited about what he's been hearing about the VB potential to improve our A plan. I'm looking forward to finally getting a peak behind the curtain.
I don't think it'll be a 100% fix, but even a 75% fix is way better than the 0% fix the company seems set on.
I certainly agree with all of this, but wouldn't an education campaign tell us how much this would cost? That way we could make an educated decision on other options. Let's not vote yeah or nay thinking that we can increase the cap or get a cola in 2021 by standing firm, with only half the pilots flying extra and selling back vacation, if that is not an option.Originally Posted by kronan
Our A plan Should have been indexed to the IRS qualified limit in 2006...but it wasn't.Want to say current IRS qualified limit is 210k, which would equate to a 420k earnings cap.
But it wasn't.
And from a Business perspective, I'd hope we can all agree that a change from a 260 cap to a 420 cap is a pretty big swing. One that FedEx has the money to pay, but certainly no desire to pay.
And, from a Seniority perspective. Changing the cap that much would create a huge incentive for every Senior Pilot to go to 65 in order to benefit, only Governments make pension changes Retroactive.
CD's been pretty excited about what he's been hearing about the VB potential to improve our A plan. I'm looking forward to finally getting a peak behind the curtain.
I don't think it'll be a 100% fix, but even a 75% fix is way better than the 0% fix the company seems set on.