Originally Posted by
Maddog64
Delta's contract is worth 23 billion over 4 years to 14000 pilots. Our TA was worth 12.5 billion to 5800 pilots. Do the simple math. Delta's contract is worth 411K per pilot per year. Our TA was worth 539K per pilot per year.
539/411 is 1.31%. The same actuaries at ALPA costed our TA along with Delta and United contracts, and we didn't believe the numbers so we hired an indapendant actuary and they came up with the same number.
We got more money than Delta, a lot more. Our old MEC just spent the money on the deferred compensation of the a plan. The pension benefit obligation is 4 to 1. Every dollar that we get the company has to put 4 away in the PBO. If we get a pension increase worth 100 million it costs the company half a billion.
Sounds like we should just trash the A plan then I guess.
No, I don't actually want to do that. But stop pretending that TA1 was anything other than a **** sandwich for anyone with 10+ years left in their career. Yeah, the guys about to walk out the door with their bags of money would've made out pretty good I guess.