Thread: Retirement
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Old 12-28-2019 | 05:51 AM
  #8  
BMEP100
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From: Tom’s Whipping boy.
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As much as it’s needed here, I don’t see it happening.

On the one hand, we are much more fractionalized here ( pre- merger sores), than you guys at DL/NW.

As was pointed out by Buck Rogers, the two former plans left the respective pilots with widely different outcomes, PBGC payments vs. frozen lump sums.

I don’t see the possibility to financially re-write history through some complex make up plan that puts the two former legacy pilots on equal footing at 65. Anything short of that will be killed by the still angry “get even bunch”.

Hell, the LCAL pilots can’t even get the union to press the company to return our LTD premium overpayments (to LCAL only), which is only a few thousand dollars.

On the other hand, there are thousands of post A plan hired on both sides who do not see this as their problem, and don’t want negotiation capital spent on a bunch of old farts that have never seen a furlough.

The cost of such a make up plan would be expensive and you can bet the company would be happy to exploit the fractious factions.

I’d definitely like to see that make up. I’m one of those old farts who will come up around .9 mill short at 65.

However, I’m still on wife #1, live in my F/O house, and have only two of five kids still in college when I hit 65, next winter. So, no double wide, tuna on crackers for me.

And to the OP, we haven’t seen any sort of proposal on retirement yet.
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