Originally Posted by
JustInFacts
Another post that shows people don't understand compounding returns. So, someone with 3 years on the property should get to have 22 years of a 12% DC plan with CoC while a pilot with 24 years on the property should get the same $230,000 pension and 1 year of the increased DC plan? Yeah, that's fair and just shows that this is a money grab from the junior pilots from the senior pilots. How much do you think increasing the pension from $130,000 per year to $230,000 per year would cost? I know, it's the me and now generation.
Why are you entitled to more money for prior years when those previous payrates and retirement benefits were negotiated and agreed to by the pilots with the company?
Wouldn't the time to negotiate the increased benefits/payrates for those years been during the negotiations for those specific contracts?