Posts tagged FedEx Master Executive Council
Terms regarding FedEx pilot strike detailed in tentative agreement between union and company
June 15, 2023 // Specifically, a 30 percent pay increase, a 30 percent increase to the pilots' legacy pension and a fully developed and "equally valuable company-funded" market based cash balance pension to provide a "durable" replacement for their legacy pension are part of the terms. ALPA said that to date, this is the largest investment in a pilot contract on a per capita bases and it "substantially raises the bar" when it comes to pilot retirement. “After careful consideration and thorough debate, our union leaders recognized the value this agreement will bring to our pilots and their families,” said MEC chair captain Chris Norman. “Now, we shift our focus to ensuring our pilots have the time and resources needed to make an informed decision.”