Hold on, let's settle down for just minute!
1) Without the figures on what FedEx is contributing CURRENTLY to our benefit package, we don't really know how much of an increase would be necessary to achieve parity with the union guys.
Agreed, and I acknowledge that fact before I had 222lifer's provided figures.
However, the claim is the current insurance and pension package absolutely suck. FedEx is also self-insured, right? So no additional margin built-in for the insurance company's overhead and profit. Fair to say FedEx isn't paying much (relatively speaking) for what you currently have now, but they are paying something. So, not all of those costs are an increase. But you can't have it both ways. Either it's a big difference and worth pursuing or it's not.
Even if FedEx is paying half for what you currently have vs. what the union guys are getting you still have erased ALL of their profits. Which is excluding the additional operating costs in decreased productivity, decreased flexibility, less PT, etc.