Originally Posted by
pwdrhound
I was told by a former member of the MEC (who appears extremely knowledgeable with regards to our retirement program) that we have roughly 1600 pilots on retirement (not sure if that includes survivor beneficiaries) at any one time. This amounts to roughly 1/3 of the crew force. The company knows the exact number and I suspect the union does also. The company clearly also knows the exact age of the death of all of our retirees and can tell you to a penny what they pay out each year. You don't think the union knows this also?
Without getting educated and fully understanding of the current retirement plan that we are under, it is impossible for the crew force to make an educated decision regarding alternate choices. There is so much misinformations and misunderstanding out there it's not even funny. Ask questions and do not blindly fall for the union's sales job!!!! Have we not learned anything in the last negotiations?? Our union gave up so much just so that we can retain our A-fund and now two years later they are trying to **** that away. Who is the rocket scientist that got this train moving?
Think of our retirement package as a chair with several legs. Don't chop away one of the existing legs. Add another leg to the chair to put to on a stronger footing!! If we give up our A-fund we will be the laughing stock of the entire airline industry.
I totally agree with you! We may need to start a recall campaign and stop this train before it gets too much steam.
Check this out...
There?s talk of capping 401(k) contributions at $2,400 per year - MarketWatch
Can you imagine all the things that can happen that would negatively effect this hybrid plan that is completely out of our control like what congress does to B plans and 401ks when the government is broke!? The union sure as hell can't I can guarantee that! Look at all the negotiating capitol spent on the B plan language and increasing our contributions last go around. We're going to toss all that out and create a new plan. Wtf!
Just say H... No!