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Old 08-23-2016, 09:16 PM
  #21  
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Originally Posted by Pilot7576 View Post
Whale,

I agree...I was a little forward with being attacked over an explanation to a DAL guy. In retrospect, I should have left it alone.

The bonus is what it is..not what I would have liked but better than a sharp stick in the eye.

Regards
Fair enough and we both agree. We have a fantastic group of people here and we should keep it that way. Regards.
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Old 08-24-2016, 04:06 AM
  #22  
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Originally Posted by Sink r8 View Post
Thanks for the replies. We're having a bit of a discussion here: http://www.airlinepilotforums.com/de...frame-dal.html

I wanted to put the timeframe into context for our guys. I think our respective contracts, cultures, and contexts are different. We're at a sweet spot on our side, where our own TA probably helped the industry pattern up, and it's coming back around for us to take advantage. It's possible we're going to stop negotiating, or negotiations are going to stop, and we're about to get parked. A lot of it is dirty laundry, but some of it is very heartfelt, philosophical stuff: is there virtue in not negotiating a solid deal today, for a "victory" in a great deal some indeterminate time from now?

Personally, if we're going to go on a five-year negotiation, I want to vote on the very best deal available today, first. We're probably at a totally different spot than you guys were 8 months after your amendable date: we have a mediator in the room, things are moving along, and we can probably secure a rumored 18/3/3/3, with some yet-unspecified tweaks in big economic areas, and a sort of bland, marginal soup of gains and concessions elsewhere.

Good luck to you, and good luck to us.
One Huge item the Delta Board folks forget to mention is the Profit Sharing Checks. $40,000 is a big check to get every year. Like the past three.

This is like having a $45 dollar hourly raise. So Delta wants UPS Hourly AND the Profit sharing checks.

So really with this 27% raise, we are are talking $380 an hour for WB pay in 2019.
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Old 08-24-2016, 06:39 AM
  #23  
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Originally Posted by Commando View Post
One Huge item the Delta Board folks forget to mention is the Profit Sharing Checks. $40,000 is a big check to get every year. Like the past three.
.
So, if you are in your mid 50's, are you willing to bet that you'll get that each and every year for ~ the next 10 years ? I recall something about "past performance doesn't guarantee future results" in every prospectus I've read.
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Old 08-24-2016, 08:17 AM
  #24  
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Originally Posted by Commando View Post
One Huge item the Delta Board folks forget to mention is the Profit Sharing Checks. $40,000 is a big check to get every year. Like the past three.

This is like having a $45 dollar hourly raise. So Delta wants UPS Hourly AND the Profit sharing checks.

So really with this 27% raise, we are are talking $380 an hour for WB pay in 2019.
Commando, IMO that as long as we have an "A" plan we will probably not be getting any profit sharing. Which would you rather have? I honestly don't know as I have a while till retirement and money in hand is always nice. But, if the "A" plan is still around when I go, Ill be glad we didn't give it up for profit sharing or some other lump sum.
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Old 08-24-2016, 01:14 PM
  #25  
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I didn't say I wanted the Profit sharing instead of the A-Plan. ???? People love to twist words here.

I'm just stating that over on the DL Board they all are screaming for UPS hourly. But fail to talk about the $40,000 and up checks they have been receiving each of the past three years. And will most likely see for many more now that we have an oligopoly. This equates to appox. $50 an hour pay over current Book Hourly.
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Old 08-24-2016, 05:19 PM
  #26  
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Originally Posted by Commando View Post
I didn't say I wanted the Profit sharing instead of the A-Plan. ???? People love to twist words here.

I'm just stating that over on the DL Board they all are screaming for UPS hourly. But fail to talk about the $40,000 and up checks they have been receiving each of the past three years. And will most likely see for many more now that we have an oligopoly. This equates to appox. $50 an hour pay over current Book Hourly.
Not twisting words at all Commando.... I just posed a question.....please re read.
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Old 08-24-2016, 10:29 PM
  #27  
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Originally Posted by Commando View Post
I didn't say I wanted the Profit sharing instead of the A-Plan. ???? People love to twist words here.

I'm just stating that over on the DL Board they all are screaming for UPS hourly. But fail to talk about the $40,000 and up checks they have been receiving each of the past three years. And will most likely see for many more now that we have an oligopoly. This equates to appox. $50 an hour pay over current Book Hourly.
Ok, they (maybe) get $40K/12months. We definitely get $120K+/12 months during retirement. You gotta compare apples to apples.
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Old 08-25-2016, 05:06 AM
  #28  
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Originally Posted by FTFF View Post
Ok, they (maybe) get $40K/12months. We definitely get $120K+/12 months during retirement. You gotta compare apples to apples.
FTFF....I only posed a question to commando, and to anyone else who may want to chime in, would you rather get profit sharing like the majors, or our "A" plan. It is my opinion that we will never get both. You seem to lean towards the "A" plan. This questioning is not meant to be adversarial.
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Old 08-26-2016, 10:51 AM
  #29  
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Originally Posted by mrvmo View Post
FTFF....I only posed a question to commando, and to anyone else who may want to chime in, would you rather get profit sharing like the majors, or our "A" plan. It is my opinion that we will never get both. You seem to lean towards the "A" plan. This questioning is not meant to be adversarial.
Pax carriers ooerate in a volatile market so using the PS model seems to ameliorate the problem of balance between market fluctuations and employee compensation. Express logistics carriers are pretty consistent financially so not sure what the advantage of a PS scheme over increased hourly rates would be but it doesn't seem advantageous. The problem with taking cash now vs in retirement with a defined benefit plan is the taxes, which is significant, and the question of what you are going to do with the money (assuming the days of 6-8% in the market are over)? For that, the A plan is the sure winner. As far as having the A Plan stolen from us like the pax carriers did, we are in different industries and just don't suffer the same volatility. And, the Defined benefit is a major part of ups culture (most employees have one) and has been sustainable for the long term so until the ship hits an iceberg or runs out of gas (both highly unlikely anytime soon) the DB would appear secure. So to answer your question, A plan. However, I'd really like to see IRS limits on retirement contributions increased then negotiate for an increased B fund and 401K matching scheme.

Last edited by FTFF; 08-26-2016 at 10:53 AM. Reason: Flow
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