FedEx Pilots’ Union Leadership Approves Tentative Agreement
Source: ALPA The FedEx Master Executive Council (MEC), the governing body of the FedEx unit of the Air Line Pilots Association, Int’l (ALPA), yesterday voted to approve a tentative contract agreement reached on May 30 with FedEx management. The next step is a membership ratification ballot, which will open on July 5 and close on July 24. The new agreement would provide major pension improvements with alternative pension options, significant hourly pay rate increases, an amendable period recovery payment, and other improvements to pilots’ quality of life. The agreement includes 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 [...]