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Old 08-28-2015, 01:01 PM
  #244  
TonyC
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Originally Posted by TonyC View Post

Yepp, either way, I see a very large group of retirement-ready folks pulling the plug when we get a TA, and I think The Company must fear the possibility, even the probability of not being able to man all the jets.

Fair to mediocre TA, and lots of loiterers will kick themselves for waiting so long to retire. A good or better TA, and lots of part-timers will pat themselves on the back for sticking it out, stick around just long enough to grab a signing bonus, and ride off into the sunset. Either way, jets will quickly outnumber captains.

Any one-time bonus to get us beyond peak will only kick the can down the road a bit. We need something more durable to stabilize the departures and give The Company the predictability it craves.

My suggestion: give the pilot a financial incentive to announce his retirement in advance. The pilot gives 1 year notice of planned retirement, he receives one amount, 6 months notice is rewarded with 60% of that amount, 3 months gets 30%. The amount? Why not tap into the deferred compensation the pilot has already earned? The pilot has already earned his sick leave and disability account, and The Company already carries that on its balance sheet as a liability. Why not let the pilot have what he has already earned?

The Company gets relief from the uncertainty of when a pilot will retire, and the pilot gets the money he has already earned. Additionally, The Company gets a more productive pilot in his final months and weeks. Some might call this a Win-Win-Win.

Of course, unforseen circumstances or life events might require the pilot to change his mind about his planned retirement date, so he gets a chance to retire sooner or later, but he might forfeit the benefit of early declaration. If the new date is later than the original, he still has a chance to declare and receive the "retirement announcement bonus." However, if he decides to retire sooner, he may only be able to receive the RAB for a shorter announcement-retirement term.

There are probably other solutions, but until a real solution is implemented, The Company has a strong motivation to delay the deal.

Well, they got part of it correct.

50 cents or less on the dollar, and you have to stay through peak. Nice try. Next.







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