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<blockquote data-quote="quadro" data-source="post: 580767" data-attributes="member: 12850"><p>First, thanks for the courteous reply. I do appreciate the opportunity to discuss this stuff civilly.</p><p></p><p>I see where you are getting the $55k but that wouldn't be the high 5 average. That would just be their highest year. The high 5 average would be less, albeit only a few thousand. Not earth shattering but as I said, just trying to make sure I understand. </p><p> </p><p></p><p>Respectfully, I disagree. To know what would have and would not have been in a contract is impossible. That is really my biggest concern, that everything is up for negotiation if a union is voted in. I have no way of knowing if what's negotiated will, in fact, be better for me. Just because the union demands more pay doesn't mean FedEx will agree to it. As for the pension plan change, from what I understand, the ERISA change pretty much dictated the direction FedEx took. Now that's not to say that under the PPP FedEx couldn't have given more than the 5, 6, 7, or 8%.</p><p></p><p>Which reminds me, one thing that hasn't been mentioned and would be pertinent to some of your examples, is the additional percentage that is being put into the PPP between 2008 and 2013 to make up for some of the shortfalls for those employees who would retire during the first few years of the PPP. I can't remember all the details as I'm not retiring anytime soon but I do remember something about additional funds.</p></blockquote><p></p>
[QUOTE="quadro, post: 580767, member: 12850"] First, thanks for the courteous reply. I do appreciate the opportunity to discuss this stuff civilly. I see where you are getting the $55k but that wouldn't be the high 5 average. That would just be their highest year. The high 5 average would be less, albeit only a few thousand. Not earth shattering but as I said, just trying to make sure I understand. Respectfully, I disagree. To know what would have and would not have been in a contract is impossible. That is really my biggest concern, that everything is up for negotiation if a union is voted in. I have no way of knowing if what's negotiated will, in fact, be better for me. Just because the union demands more pay doesn't mean FedEx will agree to it. As for the pension plan change, from what I understand, the ERISA change pretty much dictated the direction FedEx took. Now that's not to say that under the PPP FedEx couldn't have given more than the 5, 6, 7, or 8%. Which reminds me, one thing that hasn't been mentioned and would be pertinent to some of your examples, is the additional percentage that is being put into the PPP between 2008 and 2013 to make up for some of the shortfalls for those employees who would retire during the first few years of the PPP. I can't remember all the details as I'm not retiring anytime soon but I do remember something about additional funds. [/QUOTE]
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