Originally Posted by
golfandfly
Yes, I did state that their 30 year Capt will have a higher benefit than our 25 year pilot (in 2023). Again, I’m not in any way say I would trade with them. I’m simply saying that their pension benefit has been increasing while ours has been stagnant. They continue to make gains, and if the trend continues, it will eventually overtake our pension.
I’ve been interested in this concept for years. I think it’s just something to seriously consider.
Fair enough on the comparison of the dollar amounts.
But I still don’t give too much credence in their gains and that supposed trend. If our pay rates were a lot lower than theirs and after one bargaining cycle we got up to 75% of theirs and then the next cycle got to 90%, I wouldn’t hail that as some great thing. Even if on the next cycle they finally matched it. Until they surpass it, then there will be a pattern to bargain off of. If anything, their lack of ability to surpass ours has hindered our attempts to make gains. And that will still be the facts as they exist on our current bargaining cycle. Management simply points to them and says, we don’t need to compete with them because ours is already better.