Originally Posted by
CBreezy
And new guys think you'll do just fine.with your claim/note, frozen pension, an extra 5 years at the top of the seniority list, 15-20 years of 401k, and the stock you got for free from the company. (Yes, I know not all of those were directly earmarked as "rretirement")
Ahhh, I was referencing only his "new guy retirement" comment, nothing more. You expand the discussion about the old guys and the BK era issues/benefits, yet forget about the details. Note/claim money was nice, but most of us paid "ORDINARY INCOME TAX" ON MOST OF IT. 5 extra years at the top of the seniority list is offset by 5 years of F/O pay as a Captain. (I made about $150 an hour as a 20 year MD-88 captain). And the stock has not really increased much since the issue date.
On the other hand, 16-25% DC contributions for 25-35 years will dwarf what the old guys got for retirement monies. And don't count these other non retirement monies you list above, as they would be offset by todays payrates and rapid advancement (maybe thousands of 2 and 3 year Captains)