Originally Posted by
Bucking Bar
The cost of your idea is about $1.1 million PER retiree; $600,000,000.00 to cover the 550 or so who are anticipated to retire annually.
My First Officer thought the idea was a "ponzi scheme." He is a hard sell I guess.
Again you are losing me....my 2% COLA is $1,200 per year. If I live for 25 years after retirement the total value that what I am suggesting is a TOTAL of $ 40,000. Somehow we are talking past each other. The 60K per year that I get from PBGC is already paid for....the NW DB plan has already been "paid" for in promises from pervious contracts. It is only that incremental COLA of 2% or about $1,200/year that is up for negotiation and being "paid "for at the detriment of current pilots. It is pretty paltry and a COLA tied to the core rate of inflation would be more appropriate.....and prolly retro back to the date of the freeze. Still, comparably small potatoes compared to your $600,000 per retiree.
I don't know what language you are talking ......FORTRAN or C+++ or JAVA....but you have me flummoxed.
