View Single Post
Old 10-12-2018, 02:27 PM
  #7  
kronan
Gets Weekends Off
 
kronan's Avatar
 
Joined APC: Nov 2005
Position: 757 Capt
Posts: 2,418
Default

Originally Posted by jetstar1 View Post
How much money would have been lost yesterday had we been in a VB plan? The A plan didn’t lose a dime. Now if you are the pilot retiring by the end of the year under the VB plan, sorry for your bad luck.
The A plan didn't lose a dime? Really, that's what you think?

I'm thinking the A plan assets lost a pretty hefty percentage (S&P 4% this week, Nasdaq 3.7%)
YTD on SPX (500 Index fund) is still at 3.5% after the losses of this week.

Pension Benefit, however, unchanged.
How this week would impact on the VB Benefit, hard to say. Will say that as negotiated we'd receive the Higher of Market Returns or the 2% Floor.

And, if negotiated as desired, every single pilot has a 260 FAE x YOS. (Soft Freeze)
kronan is offline