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FedEx Discussions
How Bad Will Peak Be?
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<blockquote data-quote="59 Dano" data-source="post: 5040818" data-attributes="member: 23516"><p>The pension formula is in the pilots' current contract: 2% of their average max earnings for 5 years (capped at $260,000/yr) multiplied by total years of service (capped at 25 years). Can you do the math? If not, get a 5th grader to explain. Two percent of $260k is $5200. $5200 times 25 years is $130k. </p><p></p><p>I'm presenting facts that are printed in black and white, you're telling us some guy showed you a Power Point slide about pilot pensions that said... something.</p><p></p><p>You. Don't. Know. What. You're. Talking. About.</p></blockquote><p></p>
[QUOTE="59 Dano, post: 5040818, member: 23516"] The pension formula is in the pilots' current contract: 2% of their average max earnings for 5 years (capped at $260,000/yr) multiplied by total years of service (capped at 25 years). Can you do the math? If not, get a 5th grader to explain. Two percent of $260k is $5200. $5200 times 25 years is $130k. I'm presenting facts that are printed in black and white, you're telling us some guy showed you a Power Point slide about pilot pensions that said... something. You. Don't. Know. What. You're. Talking. About. [/QUOTE]
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