Originally Posted by
Tomahawk58
I don't know where you guys come up with this stuff!
Look the A-fund will be frozen versus terminated. Why would anyone rush to the exit?
The B-fund still has a lump sum feature and even if we move to the new DC plan, it's in the 401K plan and you can take it all upon retirement. Why would anyone rush to the exit?
Both the company and US have proposed pay raises plus the company (AA) has up the ante with a 13.5 percent equity stake in the emerged AA. Why would anyone rush to the exit?
The senior guys will remain senior no matter who eventually lead the company.
This is all wishful thinking to believe we'll see a mad rush for the exits.
I do believe the senior captains over 60 will make an informed decision about whether they keep working or have decided its time to relax. But there won't be any sudden run on the bank here.
58 left 6/1, all of them early retirements and that's a lot (that would be 700/year in one where only a handful turn 65). The estimate a few weeks ago for 7/1 was 100-200. I thought it would be closer to 100. Recently a source who has been consistantly accurate forcasted that downward to just under 100 (still approaching double that of June). The primary reason for this is the look back lock-in provisions for the B-fund and taking advantage of the 90-day March value which was the peak (April being slightly lower).
However, a forced 1113 will likely raise that to the 120-150 range due to exhaustion, disgust and uncertainty for more senior. Your claims COMPLETELY leave out the truth, which tell me either you're clueless about this issue and its associated factors (as a paid shill who nodded off during the pension briefing might be) or you're locked in "spin mode".
"Mad rush" ?
No.
"Significant retirements", especially considering tsummer schedule, staffing issues and those actually turning 65 ?
Yes.
BTW, why do you think Lane granted only 1 week for futher negotiations and not 2 ?
Is one reason perhaps because AMR is hoping for an APA supported TA by the middle of next week that might calm more who are on the fence from bailing 7/1 ?
I do.
They may still have a day or two to decide not to pull the ripcord. The 767/777 schedule could be a real mess in July/August if a lot bail from those seats by all those combined factors and any imposed 1113 benefits take time to kick in. A bat to the head of 767/777 crews won't be that productive, if you ask me.