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Old 11-04-2017 | 07:14 AM
  #453  
mempurpleflyer
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I also find it interesting that one of the most profitable companies in the aviation business doesn't offer profit sharing. Again, something we negotiated away in the past from what I understand.

My buddies at Delta sure enjoy those nice big profit sharing checks, in addition to a 16% B plan with "cash over the cap". Yet we are settling for (1) no profit sharing, (2) an A Plan that hasn't been improved in 18 years, and (3) a B Plan that, although it was increased by 2% with the last contract, still does not contain a "cash over the cap" provision...penalizing our more senior pilots who hit the IRS limits.

Our A Plan has issues...I get that but that is not our fault. But it is still a great asset. And our (the union's) answer to our retirement woes is to propose a plan to the company that (1) freezes the one thing left that we have that the other guys don't and (2) shifts at least a portion of the market risk to us.

We are all college educated guys and gals right? Blows my mind.
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