Originally Posted by
golfandfly
We negotiate pay every contract, why not retirement? I’d take a Cola, but that would be a really tough get...
So explain to a new guy why he should negotiate an increase to the current FAE or years of service on the legacy plan when the older group failed for 20+ years to do anything about it. It sounds to me like a bunch of guys with less than 10 years left want the rest of the group to prop them up out the door when they failed to hold the line for 20+ years on a pension increase. Why is that on all the new guys to fix?
Not being snarky just asking honest questions. Why would we not want to negotiate something that is self growing and doesn't have to be negotiated for a big increase every contract to keep up with inflation. Why would we not want to look at something that sustains itself over time?
That same group on the way out is flying exceptionally high amounts of draft. Are they willing to do anything to help their cause or do they want everyone else to sacrifice for them? Im sorry but im not going to stand by while they fly every bit of draft they can get and then prop them up on the way out the door.
The current pension formula is obviously very expensive to increase from a liabilities standpoint. Why do we want a small bump every 20 years? Why not look at something that is more self stabilizing? To me we have a very clear divide. We have the group with less than 10 years left that want fixed what they did not stand up for the past 20 years.