"Know Your Benefits" - February 28, 2012
Effective November 1, 2011, underwriting of the FDX MEC Life Insurance policy changed from UNUM to ING. As a result of this switch, all participants in the FDX MEC Life Insurance policy are receiving a 17.6% savings on their life insurance rates.
R&I "Know Your Benefits" - September 20, 2011
Our past articles have explained the various provisions of Basic and Optional Life. The purpose of this article is to explain how each individual can determine their coverage levels for these plans as well as the FedEx MEC Life Plan.
R&I "Know Your Benefits" - August 30, 2011
Hopefully, all members are aware that the FDX MEC Life Plan will be moving from Unum to ING on November 1, 2011. Within the next several months, all members will be receiving information regarding this change. As we explained in our previous article on the Basic Life insurance provisions of the CBA, we believe all members need to understand the benefits available to them before deciding on additional coverage. The purpose of this article is to provide a review of the Optional Life coverage available in the CBA and is not intended to replace the CBA, Pilot Benefit Book, or insurance policies.
R&I "Know Your Benefits" - August 9, 2011
As mentioned previously, the FDX MEC Life Plan will be changing from Unum to ING effective November 1, 2011. This move will provide a 15% rate decrease and an opportunity for guaranteed issue coverage to $300,000 for the member and $50,000 for their spouse. Coverage will be available for the pilot and their spouse to $1,500,000 subject to proof of insurability above the guaranteed issue amounts.
Know Your Benefits - April 12, 2011
What is the maximum amount that may be contributed each plan year in the Pilots' Money Purchase Pension Plan (PMPPP) or "B" fund? The plan year is from January 1 through December 31 for this plan.
Know Your Benefits - March 8, 2011
As part of our ongoing efforts to help members understand their benefits, the R&I Committee and ALPA National have produced the following document for FedEx MEC LTD Plan participants. Please keep a copy of this procedure with your policy or refer to the R&I page of the FedEx MEC website.
Know Your Benefits - February 22, 2011
With the open enrollment of the FedEx MEC LTD Plan now closed, the R&I Committee would like to share the results with the membership. The response level was extremely high, and ALPA National Member Insurance did a great job processing the requests.
R&I Committee: "Know Your Benefits" (11/30/10)
Our last article reviewed the amount and duration of Long Term Disability provided in the CBA. To continue this review, please consider the following question:
Are LTD benefits pensionable earnings?
R&I Committee: "Know Your Benefits" (11/23/10)
Consider a scenario where you incur a disabling condition. What contractual benefit is available to you when your Disability Sick Account runs out? Well, most of us can spell LTD, but do you know roughly what that benefit amount will be? How about the duration?
This explanation of LTD benefits is very generic and does not include the FedEx MEC LTD supplement.
R&I Committee: "Know Your Benefits" (11/09/10)
Are you paying for the FedEx MEC LTD or the FedEx MEC Life plans? If you need to check, you can follow these steps to find out.
R&I Committee: "Know Your Benefits" (10/12/10)
The Pilot Benefit Book (PBB) is available online at pilot.fedex.com under the Contract Administration link.
R&I Committee: "Know Your Benefits" (09/28/10)
The FedEx MEC R&I Committee would like to introduce a new feature to serve our membership called Know Your Benefits. We will periodically produce these short blurbs regarding R&I matters for the Positive Rate, and the most recent will remain on our committee page. Due to the ever changing nature of the subject matter, please continue to refer to your Collective Bargaining Agreement and Pilot Benefit Book for the most up-to-date information.