Thread: Retirement
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Old 10-12-2023 | 07:02 PM
  #11  
SealingStemBolt
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Originally Posted by AboveMins
It's a no vote from me. Meager gains in retirement, in exchange for more foreign pilots willing to work for substandard pay and benefits. Make that a 18% DC today and a 15-20% pay increase, and I'd consider it.
Keep in mind we're not in contract negotiations. A no vote just means nothing changes. Atlas may come back with a sweeter deal, or they might not.

Obviously this is to slow attrition and hire more pilots because there's flying to be had that we simply can't do (or existing flying we will lose if we keep losing pilots). Perhaps it's not going to be worth it to seek that flying out if crew costs go too high? Granted that's definitely how management would put it so whether to believe that line of thinking or not I'll leave to the reader.

However one certainty about a no vote is this probably locks in the retirement plan for another year as-is. There simply will not be enough time to ratify a new LOA before the new year and it's highly unlikely it's even possible to retroactively change a 401k plan once the year has begun.


Personally? It's a yes vote for me. This update is not likely to appreciably change attrition but does give the pilots who are here a meaningful bump. I wouldn't be surprised if management offers up more tweaks when they see this does little to stem the flow of pilots with little seniority and long careers ahead.

It also codifies this international pseudo-gateway thing that's always been here but never really defined (and often gave a lot of favor to the prodigal son old timers before all this Aussie nonsense began). Keep in mind a no vote won't stop Atlas from simply restarting offering "XXX gateway" in any way they seem fit.

The only people that lose in a no vote are pilots while they wait with their hands out in the hopes of more money behind Door Number 2.
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