Originally Posted by
pinseeker
When you totally change the rules on how someones retirement is calculated, i.e. a high 5 years vs average income over your career, then yes, there should be a realignment bid.
You say that their seniority will be honored in any future bid, but what if they try to move, but there aren't enough vacancies. Then the Captain who is 5 years junior to the other senior pilot increases their retirement while the senior pilot can't.
As far as captains getting more with the B fund increase, most captains make over the IRS limit, so unless we get cash over cap, the 1% or 2% increase is pennies compared to what could be lost in the VB plan.
Like I said, support for or against a realignment will depend on how it impacts you. Some will agree. Some won’t. We all made bids based on the info we had at the time of the last bid. Seniority was honored. If we vote in VB, hopefully not, we all will be impacted and we will bid in seniority order either on realgnment or vacancy bids. We will be divided. Not everybody will want the realignment bid no matter how hard you scream and stomp your feet for or against it. The company and union may or may not want to do that. It will be a calculation and we will be stuck with the fallout.
OBTW a 1 or 2% increase compounded over many years is not pennies. That too depends on where you sit and how many years you have to take advantage of the increase.
Continue to tell everybody you fly with that this will affect them in more ways than their retirement check.