Commando

Here at the Stagnant UPS, or Shrinking. One of the two. I've moved up 700 numbers in 21 years.

Avg. of 30 a year. No wonder most are on Reserve for 10 years plus and there are over 400 FO's bypassing upgrade.

Busboy

Really? That's what you get out his post?

Once again...The original idea was to negotiate that 25k into each subsequent contract. But, due to our shortsightedness on the bridge contract... we have a group that were not 53 on January 01, 2007, but are now of retirement age(60). Their choice is to retire now and cough up the entire pre-medicare insurance cost from their own pockets, stay until 65 or hope that we can negotiate the benefit back into our contract and remove another impediment to leaving prior to age 65.

I know, I know...But, many got the money and stayed anyway!! Do we know how many more would have stayed until 65, had they not received the 25K? No.

Hopefully, we can write a pro-rated benefit into the contract to preclude those from taking it and staying until 65 anyway.

pinseeker

Yes, because he quoted Albie's statement about most guys not retiring at 62 like we thought they might and continuing until age 65, that is what I got out of it. I would like to see a benefit that doesn't have to be negotiated each contract.

I agree with what you said, but the age range that Tony used in his quote were the 62-65 year old guys who weren't retiring and since I am not a mind reader, I did not assume that he was talking about not providing an additional benefit to them and negotiating one for the rest of us.

Which group of guys who weren't retiring at 60 did you think he was talking about?

MaxKts

Really? Where do you get this info from? If that was true then why not just make it available to everyone instead of those over 53 in 2007?

This was a "I got mine - to hell with the rest of you!" thrown in by the same people who told us HKG would go so senior the rest of us didn't need to concern ourselves about it!

MD11Fr8Dog

-124 for me

Commando

[QUOTE=pinseeker;1919720]Yes, because he quoted Albie's statement about most guys not retiring at 62 like we thought they might and continuing until age 65, that is what I got out of it. I would like to see a benefit that doesn't have to be negotiated each contract.

Here at UPS, 95% of the Pilots are staying to their last week. 64 and 355 days old.

Even though they all have been Captains since Day 1!, in 1988.

Just proves the point, that a better retirement package does NOT equate to earlier Retirements. At least not yet. But our A-plan is painfully lacking at the moment.

TonyC

January 1, 2007 was the date. The guy who turned 53 on January 2nd will be 61 1/2 tomorrow. Him, and everyone else behind him has an impediment to retirement called Retiree Healthcare Insurance.

The guys about to turn 65 now were about to turn 60 when we opened Section 6 negotiations in 2010. Undoubtedly, many have lingered in hopes of us negotiating a higher cap, which would mean a larger retirement check each month. Everyone's different, with different priorities and perspectives, but if we don't want to discourage people from retiring at the Normal Retirement age, we can't turn a blind eye to the problem. If we don't fix it, we shouldn't complain about people hanging out 'til 65.


No, no additional healthcare insurance benefit for those who already received it. A nice bump to the cap would be nice, though.






.

The Walrus

If a pilot retires tomorrow at age 60, what would his cost be to procure the same coverage that we have while employed for he an his wife?

pinseeker

Got it. I thought you were referring to the same group Albie was talking about. I agree with fixing the retiree medical insurance problem.

TonyC

Complicated answer. How old is she? How healthy are they? How many times has he visited the doctor (including those visits to get the notes FedEx seems to want) in the last 3 years? What state do they live in?

Health Care Costs for Retirees—A Scary Story

The $25,000 was intended to cover the gap insurance which the pilot would need to replace the coverage he lost when he retired. That works out to about $425 per month. $425/month might be a bargain.






.