Originally Posted by
StarClipper
Based on RA personal spreadsheet of the VB Plan, he pretty much breaks even.
Breaks even with what? $130,000?
It is completely irresponsible to use $130,000 as the benchmark for comparison. There's no point in even discussing anything which fails to
guarantee 50% of a pilot's Final Average Earnings! Given current pay rates, that number should be north of $150,000.
Originally Posted by
StarClipper
However if he stays a few more years, he get some mediocre increase which is not worth the risk.
Add in risk borne by the pilot, and that number has to go up even more.
Tinker with the spreadsheets and details all you want, we still cannot make an educated choice if we don't know what it would cost to raise the A Plan benefit from $130K to $150K. A single choice is no choice.
Originally Posted by
StarClipper
I know he have pointed out a few floors in the system to the union but he have never given a definite position on the plan.
You can bet there are proponents of the Variable Scheme who would love for him to win. I've made my position very clear, and it's not popular among those who have invested so much time and so much of our money going down this road. Somebody had to tell the emperor he was naked.
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