Originally Posted by
boog123
Absolutely. During BK, went from DC-9A to 320B. $185 to $86 in less than a year. 3 kids, extra side gig, wife back to work. Yes, that 65k claim/note money before taxes went to keep many in their homes.
Yes, some of the deaf comments from a certain demographic/generation that makes comments about it conjure a certain F you response. I would say there are 2000 pilots who didn’t make out well with any note/claim. No real targeting that made a difference (15%-19% of BK wages was 5-8k per year). Frozen pension minute and getting smaller with inflation.
Not sure what the answer for those people are.
Excellent post as far as perspective(on numerous fronts...ie, actual reality of those that lived it, tone deaf comments from those that didn't). But ,alas, both you and Ted hit the nail on the head in recognizing that the majority don't GAS, have little empathy and basically subscribe to the current mantra of ,"Sorry, that's past history, what's in it for me (logical)"
Your point in red is now much more devastating and significant. The PBGC and NWA DC plans were frozen in 2004ish dollars with no escalator for inflation. If deferred, the amount goes up (akin to SS delayed benefit) but unlike SS benefits (which the COLA increase was almost 15% for 22-23) there is no COLA to the retirement plans. The payout sounded pretty good 15 years ago but is rapidly diminishing in an todays inflationary environment.
My post is not intended to make "claim" to anything.... just adding perspective. (and I couldn't resist because I agreed with something you wrote which is unusual
)