If fedex is soooo great then guess what, during negotiations when we win the vote we can then just have the best of both worlds. Wouldnt u want that ??? Wouldn't u want representation and keep ur fedex plan?
Ohhhh wait...good luck keeping your job here at fed ex freight for 30 years bro. At my terminal out of over 100 drivers we might have maybe 10 guys with 15 years to 20 years here no one near 30 years of service.
Also when we had our "look at how great the fedex pension is " meeting the guy doing the presentation himself said at how nowadays it's just not normal for someone to stay working at one place for 30years then starts talking about what we would get after working here for 30 years
These things are true. FedEx freight was viking, af, watkins etc. Within the past decade. Nobody could have worked here 30 years ago. I think anyway. So I'm not sure. We have many many drivers around 20 years at my terminal. Anyway, I came here to retire here. I'm happy here and I know it's not unanimous. I've had some negative interactions with some members of management. Enough to where I've considered exploring alternative careers. .. again. The reason I say that is because I haven't considered working for another trucking company. I think we, as drivers, have it pretty good here.
management should have, and now should be, paying more attention to how the drivers are doing and not just running the numbers. I understand. It's like a marriage where you can neglect the person who takes care of you then one day she says she wants a divorce. It's too late. It's been too long being neglected and she found someone else who's going to treat her right. We the drivers are the disgruntled spouse. So let's just look at how they've done at fulfilling their promises, how their drivers are doing, etc. Once upon a time cf was the industry leader and poor financial decisions (or maybe union demands), drove them out of business. Many union drivers are experiencing pay give backs, underfunded retirements, and likely will experience reduced benefits. Do the math.
in defense of the company, the past few years have seen a deep recession, merging in fedex national (which was losing money), maintaining profitability, etc. In that time we didn't see a pay cut, the company didn't lose money (which is good for everyone imho), and we are in a stronger position for the future. We drivers. I do participate in the espp so I have benefitted from increased share prices. I'm not naive. just a number... a monkey in the seat. I don't feel special but I do feel fortunate to work at a good company who compensates me well. I do want more money. Always have and always will.
I did read the upsf contract. Page 12: retirement. Their contract offers $105/year for every year of service with no credit until you've worked there 2 years service. Also, there was no mention of a match against your personal 401 contribution. This gets back to my original post. Everyone keeps talking about how we'll get some sweetheart deal and, at least in so far as the pension/retirement situation is concerned, we would be far worse off under a UPSF contract than we presently are.
This thread was started so we could specifically discuss the pension plan, how it compares with the union style pensions plans, and what we have to lose, and how our families will be adversely affected, if we don't consider the long-term implications.
A driver earning $80000/year could be walking away from $8400 "free" investment in your retirement that will grow overtime that will be invested for growth versus a stagnant non-inflatiion adjusted $105/month upon retirement under a UPSF style contract. Which, btw, doesn't revert to your next of kin upon your death