UPS retirement?

[L'il J.Seinfeld]

LilJ...

You compare apples to apples by saying what fedex bubbas are getting and our guarantee? You want to compare, compare guarantee versus guarantee or actual versus actual. Either way, your math needs a lot of work. I'm still looking for the $30k difference between you and an equivalent fedex bubba. How did you come up with that number? I base my numbers on apc pay tables for the rest of the airlines but i have our contract and federal's dl for better comparison.

Your entitled to your opinion even when the facts you back it up with are wrong. That just reflects badly upon your reasoning and your judgement. I don't go for the woe is me scenario; I'm not asking for that time back we all spent under the miller b scale. What I'm trying to point out to you is how far we had to dig ourselves out of this ditch to get to par. You don't seem to care about that, you just want to whine about how federal is kicking your a$$ in pay. Well, guess what? A few years ago just about everyone was kicking our a$$ in pay! How many people came to ups then after turning down ual/dal/aa etc.?

I'm done with this thread about retirements and how you think we should get rid of the A plan. You have your opinion and it's probably shared by some of the younger members of the IPA. I just hope for your sake that you are also maxing out your 401k and not counting on ups or the ipa to take care of you.

JMO

Aviator7576

You are pretty good about turning this into something it's not and trying to change my words. I'll try to be more clear.

My Point: Stating that Capt top end pay was adveresely effected in order to get junior FO pay on par with FDX is bogus. It is bogus because our pay is not on par with FDX

My Evidence From APC: Current yr 2 FO hourly rate for the MD-11 at FDX is $128. Their intl overide for FOs is $7. Their monthly minimum is 74 hours. (avg of 28 day and 35 day pay/bid period)

Current yr 2 FO hourly rate for the MD-11 at UPS is 102. Our intl overide is $4.50. Our monthly minimum is 81 hours (avg of 28 day pay period)

Here's the math: FDX= 128 + 7 X 74 X 12= $119,880
UPS= 102 + 4.50 X 81 X 12=$103,518
FDX B plan contributions would be $8391. FDX total compensation=$128,271.
UPS B plan contributions would be $12422. UPS total compensation=115,940

So in terms of pay they beat us by 16k. That's less than 30k. I was wrong and certainly admit it. But that's still over $1000 per month more. The gap narrows because our B plan is better, but that's not money you can touch.

Again, I am thrilled at what we are making. I don't see how you can claim I am whining about it. Our pay is a lot more than I ever thought I'd be making when hired. In fact, I'd rather be slightly below FDX. It gives us a better bargaining position. I think you are mad as heck because some of us got the same signing bonus as you. You think it's crappy that a 10 year FO who suffered through the Miller B scale got the same bonus as a 2005 newhire. I agree with you, but what do you want me to do, give the money back?

On a final note. The Pension Releif Act of 2022 will end A plans for those not yet retired. For that reason I am livng within my means and maxing out 401k, IRA, and discounted stock purchases. If that's whining, so be it.

 

[PreContact]

We've got them beat on the 727, 757 and DC-8. I guess if you average their narrowbody and widebody total compensation, I'm guessing we'd be close to that averaged number...will do the math later to see though.

 

[robert_fla]

If companies have to fund pensions they will not be able to compete with Asian and European companies whose employees benefit from more socialist governments where taxes are outrageously high.


Many would argue that the taxes we pay are outrageously high.

30% federal +
7% Social security +
state tax +
property taxes +
sales tax +
other local taxes ( registering a car) = OUTRAGEOUS

 

[720persecond]

If companies have to fund pensions they will not be able to compete with Asian and European companies whose employees benefit from more socialist governments where taxes are outrageously high.


Many would argue that the taxes we pay are outrageously high.

30% federal +
7% Social security +
state tax +
property taxes +
sales tax +
other local taxes ( registering a car) = OUTRAGEOUS

Excellent point. I worked on both sides of the pond, and I am paying more taxes here than there. Not to mention the pension that still exists there.

 

[Lowpayisgreat]

HR request for my Resume

Hey guys

did my app in Jan along with personality test and then on friday got a email from HR wanting my resume. Any thouhgts

Second when will the new pay raises take effect and what are they

Third, can anyone tell me what 747/Md11 trips out of ANC are like.

 

[robert_fla]

where is this pension relief act of 2022? what does it state for those of us who retire after that?

thanks

 

[L'il J.Seinfeld]

The Pension Relief Act is a figment of my imagination, or prediction.