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FedEx and Pilots reach TA !!!!
- Thread starter FedExFlyer
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The leaked parts don't sound so good.
Our pay rates would go from CA 1st year 224 to 4th yr 245, UPS goes 223 to 244 4th yr. Their FO rates go up almost the same as ours - much better increase in the UPS TA since they were coming from a lower point here.
UPS TA trip rig is 3:75 and I think ours will be the same
Any capture on long flights for us?
UPS 1% A and 12% B. We add 1% to our B to 7% - theirs is MUCH better
Insurance - no idea how bad ours will get but theirs always has been good and stays good even with the increases (max of $201/month/family) at year 2012.
Per diem - UPS goes up to 2.00 and 3.00 and our TA is 1.90 and 2.70
Looks like we might get small intl override increase?
There was talk of the UPS folks voting theirs down when they see ours - I don't see any reason for that. It's a little surprising that our TA matches theirs almost exactly (and we started from a higher position). Also UPS was able to tie their A fund/pension to management's - that's HUGE.
All in all from what is leaked I'd say not too good of improvements for us. Will wait to see the retiree benefits (that will probably only last for this contract anyway - i.e. doesn't help guys under 50) and scope improvements.
Our pay rates would go from CA 1st year 224 to 4th yr 245, UPS goes 223 to 244 4th yr. Their FO rates go up almost the same as ours - much better increase in the UPS TA since they were coming from a lower point here.
UPS TA trip rig is 3:75 and I think ours will be the same
Any capture on long flights for us?
UPS 1% A and 12% B. We add 1% to our B to 7% - theirs is MUCH better
Insurance - no idea how bad ours will get but theirs always has been good and stays good even with the increases (max of $201/month/family) at year 2012.
Per diem - UPS goes up to 2.00 and 3.00 and our TA is 1.90 and 2.70
Looks like we might get small intl override increase?
There was talk of the UPS folks voting theirs down when they see ours - I don't see any reason for that. It's a little surprising that our TA matches theirs almost exactly (and we started from a higher position). Also UPS was able to tie their A fund/pension to management's - that's HUGE.
All in all from what is leaked I'd say not too good of improvements for us. Will wait to see the retiree benefits (that will probably only last for this contract anyway - i.e. doesn't help guys under 50) and scope improvements.
FoxHunter
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IRS Announces Pension Plan Limitations for 2006Purpled said:
Frac Daddy
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Ok Fox Hunter - am I missing something then on contributions? If max is 44k and they get 12% in their B plan, you'd have to make over $350K to even reach the limits - I could care less for the kind of whore that works to make that much.
Purple Tail - what kind of special credibility are you giving to the Wall Street Journal? They are no different than any other media outlet except that they will ALWAYS be pro-big business and anti-labor (you and me).
Purple Tail - what kind of special credibility are you giving to the Wall Street Journal? They are no different than any other media outlet except that they will ALWAYS be pro-big business and anti-labor (you and me).
one more thing and a question
- inflation rates 2003-2005 were low but still at 2.3, 2.7, and 3.4 respectively. FEDEX is getting on average 3%/yr in this contract (the 9% initially includes the last 2 years of negotiations). That makes the raise more or less negligible - it's a COLA. My military pay goes up at least that high annually with very little fanfare. When you count the increases in health costs, the pay doesn't make it up. We need significant rig changes to make any real pay raise based on "the incredible profitability of FEDEX that the pilots have been a part of".
Now the question - in the past it was conventional wisdom that long contracts were bad - you needed to change them as the company did better. If the comany is in the hurt locker it will change the contracts immediately as has been shown recently with commercial airlines. If this retro pay is more of a "bonus" then why in the world are we doing a short contract? When UPS continues getting pay raises, with the associated B fund inputs long after our contract has gone into ammendable stage - we will be the losers here. I agree with VaB here - if it's just a bonus, then what a waste. Take a look at the company's earlier proposal on the ALPA web site - I'm hoping there are some drastic improvements in scope, work rules, retirement health care and regular health care otherwise it seems like not much has been accomplished.
- inflation rates 2003-2005 were low but still at 2.3, 2.7, and 3.4 respectively. FEDEX is getting on average 3%/yr in this contract (the 9% initially includes the last 2 years of negotiations). That makes the raise more or less negligible - it's a COLA. My military pay goes up at least that high annually with very little fanfare. When you count the increases in health costs, the pay doesn't make it up. We need significant rig changes to make any real pay raise based on "the incredible profitability of FEDEX that the pilots have been a part of".
Now the question - in the past it was conventional wisdom that long contracts were bad - you needed to change them as the company did better. If the comany is in the hurt locker it will change the contracts immediately as has been shown recently with commercial airlines. If this retro pay is more of a "bonus" then why in the world are we doing a short contract? When UPS continues getting pay raises, with the associated B fund inputs long after our contract has gone into ammendable stage - we will be the losers here. I agree with VaB here - if it's just a bonus, then what a waste. Take a look at the company's earlier proposal on the ALPA web site - I'm hoping there are some drastic improvements in scope, work rules, retirement health care and regular health care otherwise it seems like not much has been accomplished.
Once again, people caring only about themselves. That high B fund is great, IF you have a long ways to go, and IF your investment choices did well (a bigger "if" than you might think!). Yeah, let's reduce it to the UPS mix, THAT would be fair to those 50 and up, right? True colors showing here, I think. ME ME ME!
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