Originally Posted by
PassportPlump
If you’re one of the guys approaching 65 years old, you have had the opportunity to add an additional 5 years at the top of our pay scales to your bank accounts. You’ve made an additional $250,000+ in 401k contributions alone over that additional 5 years. In today’s environment you’ve also made an additional $150,000 over the same time period in profit sharing alone. That’s $400,000 NOT INCLUDING YOUR SALARY!
The pension is gone. A thing of the past. Our 16% DC may not be there as Denny said for the next 25+ years either if the economy takes a turn. What Delta pilot is hurting retirement wise at this time? Even with the math above + what you have saved in the past should be plenty. Sell your boat.
We need to understand that getting a good contract is not splitting the group, but by every pilot understanding that everyone needs to pull for the group. The oldest, most senior need to want scope and job security for the entire pilot group as much as the newest pilot has to want great retirement benefits (in whatever form they come) for the entire pilot group.
Otherwise the process breaks down and we don’t improve anything.