Originally Posted by
StarClipper
Once again, as long as the crew force don't volunteeringly give it up, the only other way is in bankruptcy court, through which they have have to show financial records and much more. There is no arguement there.
Again it doesn't matter whether we give it up or not, it was 50% of a retired pilots income replacement in 2006. It is 40% of a retiring pilots income replacement in 2015. And it will be 15-20% of a retiring pilots income replacement in 2045. Another way to look at it, the average Social Security recipient gets about $18,000 a year in 2015 compared to a FDX pilots 130K pension. In 2045 the pension will still pay 130K and Social Security will pay about $55K (don't worry President Chelsea will save it).