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Old 08-31-2018 | 09:39 AM
  #48  
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iaflyer
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From: 73N A
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Originally Posted by lake
Just for the record, I would like to see what ALPA has in mind for enhanced retirement. Might be worth a look before you shoot down something without seeing. Just saying!!
We have seen all seen it - read the C2019 information they have sent out. It's basically laid out there. Here's the summary:

The Delta Pilots Savings Plan is the only active retirement plan currently available to Delta pilots. While this is an industry-leading qualified defined contribution savings plan, roughly 50% of Delta pilots currently meet or exceed the contribution limitations set by the IRS. Upcoming negotiations, as directed by the pilot group, present an opportunity to advance retirement benefits along a variety of paths. As outlined in this, and future R&I communications, options include adding a defined benefit plan that increases tax-advantaged retirement savings, adding non-qualified plans that bypass IRS limits or enhanced retirement medical benefits for unforeseen medical needs later in life.

My issue is that any retirement that is in the company's name, and not solely in our name is stupid and idiotic. You all got burned once by that, why would anyone want a DB where any portion is in the company's hands?

All it takes is a serious downturn in the economy, and the company will be coming to us saying, "take these big pay cuts or the DB gets it!" then we agree to the paycuts "to save the DB" and the company takes the DB anyway. Sounds familiar?
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