Originally Posted by
kronan
IF we're playing assumption games.
Why not assume that any PSPP style plan will be tied to WB Capt pay?
And let's go with the multiplier scheme our current A plan has for those over a certain age. 54 is the cutoff that comes to mind (note-I didn't reference the CBA) and 2.2 is the max multiplier (again, that's just off the top of the noggin)
But the Company has an incentive to retain pilots, so why not add a 2.5 carveout for those over 60.
So, assuming WB Capt pay is in the $400 an hour range in the TA.
Let's go with the the 2.5% accumulation rate times 400 times 900 hours
SO, every year in our PSPP style plan negotiated to a better level is an extra $9,000 a year for those over 60.
Shoot, that's almost the equivalent of raising the FAE of our current plan to $460,000
Yes, we can all play assumption games. You told Stan446 that the PSPP would increase their retirement $5800 above the current $130000. That was based on assumptions, not anything else.
So if the WB pay rate is $400 per hour in the new TA, is that starting or ending. It would take pay rate increases of 3.6% a year for 5 years to get that. Earlier you stated that our less than 3% pay raises has outpaced inflation, so why are you getting us even more, unless it is to pad the numbers? Or, are you in favor of a longer contract?
So, you say that $9000 a year extra for 5 years is almost as good as raising the FAE to $460,000. Hmmm, 5X9000 is $45000. Add that to $130,000 and you get $175,000. Yeah, that is almost as good as $230,000.
The MEC needs to hire you to sell their plan if they haven't already.