renman95

Right, any male with a waist over 36" and female with hips over 38" should be impaled and/or listen to PBS for life.

Baja

To be clear, my comment was meant as sarcasm. Expectations seem to drive happiness. If we had never seen a mandatory retirement age, then maybe .... I guess we're to believe that everyone has an entitlement whether that be welfare, seniority at an air carrier, or whatever. I doubt any pilots would have managed their retirement portfolios differently had the age always been 65 or 70. Too many influences outside of the job itself to do much different. Some airline jobs have failed, others still exist with lost retirements and slides to lesser paying seats, while others are OK. I just don't get the human nature in some (clearly not all, as expressed in this forum) that says more senior employees are responsible for a junior pilot's job satisfaction. I know a fellow (now retired) that absolutely loved his job. In the eyes of some, he should be punished for continuing to work in a profession he finds so enjoyable - and always did, even when he was "junior". The difference of opinion won't get resolved on a forum. I just find it an interesting study in human nature.

Full pull

I don't remember this. Do you recall any details?

RedeyeAV8r

FDX didn't offer early outs. They simply Funded the severely under funded Tiger pension plan that Wolf tried to steal in Bankruptcy.

What the Former Tiger Pilots had (and still do) is a Lump sum option of their "Invest" Plan. The can receive a lump sum if they retire 1 day before their 60th B -day. That benny is still in place although I am not sure how many former Tiger pilots left will take it before August 2014. (When they become fully maxed on the FedEx A-Plan)

EZED

Not true, Fedex pilot had a early retirement offer in 88 or 89. I know of 1 pilot that took it.

RedeyeAV8r

PM me his name please

dogbone

Actually in 1989 Fedex offered a small early out option to all Flying Tiger Pilots and I think all Fedex Pilots that were 55 and older. They offered a cash payment of $50K for each year before you turned 60 or $250 K for a 55 year old. They offered $50K for anyone over 60. A number of the Professional Engineers took and and I know of a few Captains that walked as well.

I don't recall Wolf trying to steal the FTL Pilots retirement. Nor do I recall it being severly underfunded. There was about 1 billion in the combined Tiger/Seaboard plans the went directly into the Fedex retirement plan.

FTL had an Invest plan was similar to the Fedex PPMP plan and most of us have long since rolled into IRA's.

The lump sum you speak of was a B plan we gave up to get the Invest Plan around 1984. You have a choice of taking a lump sum if you retire before age 60 and then getting a small monthly payment. If you don't exercise that option you simply get a larger monthly till you die.

All the former FTL Pilots will be fully maxed out on the Fedex Defined Benifit in the fall of 2013. This is due to the way Fedex does their fiscal year. Depending how much vacation you have remaining you can leave as early as September on 2013 with a full retirement if you are 60. I suspect you will see many of us former FTL pilots leave at the end of next year. I will be one of them.

RedeyeAV8r

Dog, Thanks for the correction.

Live long and prosper in Retirement my Friend!

Busboy

What bankruptcy was that?

RedeyeAV8r

Sorry, Apparently you cant edit your own posts anymore. [Mod clarification: the system gives you 10 minutes from the time you post to edit the said post. So, if you have poor SA and it takes you 12 minutes to realize you need to edit a post, you're kinda outta luck. You can always PM a mod to make the change for you. For a small fee (or a pic of you and Busboy) I am happy to make any and all changes. ]

Wolf "Threatened" bankruptcy of FTL. I believe they were pretty close but the merge happened and the rest is history. Thx for keeping me honest