Recently I wrote a post about the proposed Market-Based Cash Balance plan. Since that time, I’ve had countless hours of conversation about the plan and the Tentative Agreement (TA) in general. I’m sure you are in the same boat. My goal in that post and in all my subsequent conversations was and is to make sure that pilots have as much accurate information as possible to make what is a very big decision with long term consequences. In that vein, my first order of business in this post is to correct one material error from the original post.

In this post, I hope to demystify how these plans are structured and dispel some troubling myths that I’ve heard. As an independent financial advisor, I am an outside observer with education and experience with these plans. My goal is to arm FedEx pilots with the information necessary to make informed decisions. I do not have an opinion on how anyone should vote, nor specific advice on whether this new plan is right for your personal situation. What I hope you gain from reading this is a full understanding of what this plan is, how to compare it to what it’s replacing and how it stacks up to other alternatives that have been discussed.

Everything that FedEx pilots need to know about the newly signed CARES Act.