Originally Posted by
Cogf16
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)
Lots of assumptions there. Like we will always get a DC. Like we will never see paycuts or furloughs. Like constant quick upgrades. Like the government won’t be gunning for the 401ks. Sure, if everything remains as it is today after 20 years we SHOULD have a nice retirement. What are you willing to give in this contract to ensure I have funded retirement? Because that’s what is being asked of everyone hired after 2010.