Originally Posted by
fishforfun
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.
Of course nothing in life is guaranteed but with several thousand more mandatory retirements, I would guess most current list pilots will advance nicely in the next 5-7 years. As for doom and gloom scenarios, they would affect those in retirement as well. 401K, social security etc.
As for what I am willing to give in this contract.......How about 25% DC for 25+ years, offset my the "plus up" money for the retirees. Not to mention all the other parts of the contract we improve that impact pay and retirement