Originally Posted by
KAFTKTA
As far as the company's liabilities go, Captains not doing any extra and having over 25-years at the company, are earning close to 50 cents on the dollar already. They'd receive 130k a year from the company just for retiring--so many are actually "earning" less then FO pay. With this career end DSA payout, the company is paying them close to what they actually cost.
Not trying to be devisive, just doing the math so please correct me if I'm wrong. Even If a 25-year captain makes 300k a year--they work until June 6th just to match their already earned pension. So......they told the company what they are worth.
Sorry, I am not sure I get your point.
Assuming a Pilot is a WB Captain and already has his/her High 5 and is already 60.
You seem to be wondering why they won't retire.
First off it is an individual decision as everyone's personal circumstances are different.
I do not get your working at 50% Theory.
Let's assume the above. 25 years with High 5 at WB status.
If a Pilot continues to work, he she gets an additional $18,000 in the B-Fund. He/She Continues to get Healthcare at Active Duty premiums.
Keeping the same Medical Benefits will cost x 4 when one retires.
A 25 year Pilot gets 36 days vacation and 72 hours of sick leave.
One can decide to use all of it or none of it. Either way if they decide to use it, they can get a lot of time off at 100%.
If they decide to not use it, they can possibly get an additional $18,700 in Sick Buy Back and with all the vacation buy back they can get even more.
So your Theory of Pilots working 50% on the dollar of $130K doesn't really ring true.
The bottom line is for the more Junior half (notice I didn't say younger) There is NO $$ incentive for a Pilot to retire. If MGT came up with an Increase in Retiree Medical plan, a Multiplier to the A plan or COLA, A real Retirement Bonus that was simple as, "You promise to retire here and you get $$$", without not having to forge Sick and Vacation days.
If that is what your point was than I'm with you.