Quote:
Originally Posted by FDXLAG
Personally I think convincing people to vote yes is more a matter of convincing them we will get a better deal sooner rather than later. I personally am tired of making sacrifices well others take advantage. Convince me will give the NC better and more authority to deal on retirement.
Of course we couldn't convince you we'll get a deal soon or that the NC will be given more authority on retirement. I wouldn't try, I have no idea when we'd see a new deal, but hopefully we could sway the MEC to look at retirement differently.
Like many of you, I applauded their decision to not split the retirement for new hires. However, like many of you, I also felt very confident about getting gains in the A plan (high 5 or multiplier). After all, it was one of our collective goals. IF, I knew that we would absolutely see no increase in the A fund, I would very possibly reconsider my position.
I don't want to throw future new hires under the bus. But, did we do just that?? Not sure of their average age, but if just assume the average age is 40 (probably much lower) and they have 25 years of work ahead of them (FAA age will probably be higher than 65 then). What will this 130k pension be worth in 2040? How about 2050? How would a 16-17% B fund compare? Hard to be sure, since we can only estimate rates of inflation and investment performance. Would the company be willing to up the offer on the A plan if we split the plan? As you know, I think the company is looking at future hires more than our cost. What if they go nuts and we go to 6,000 pilots? Lots of pension funding.
If they still won't budge on the A fund, how about starting with a 15% raise, and/or a significantly higher cash over cap B fund? My point is that as a collective group, we may be more inclined to push the MEC to look at alternatives. It could conceivably be a win/win for all of us including the future new hires. Just a thought.
I was excited to hear we had a TA, and like everyone else, I wanted it to be over. But I was so underwhelmed by its contents that I am OK with waiting. We all get a vote, and the TA is ratified, so be it. It's not personal with me, I respect your choice. Cheers!