Originally Posted by
Maddog64
Im a 22 year guy that voted no. Would I have liked a big bump in retirement, you bet, but I was not willing to f--- over the rest of our union to get that. I think there were too many givebacks to QOL issues. I also believe all of that stems from pushing so hard for an A plan bump that is just too expensive. In order to get that bump we had to give up so much to me it wasn't worth it.
I have been planning on a 130 pension since I started. Anybody that has been here long enough to be close to retirement should have been planning the same, if not they are fools playing craps "Betting on the come" is a terible retirement plan. Our Retirement package is more than just the A Plan and it has been improved with every contract. We have gone from a $500 cash match in our 401K to 6% to 9%, that is a huge increase in retirement value.
When people say we are screwing the old guys if we don't get an A plan bump, as an old guy I disagree. What is screwing all of us is an A plan bump that is so large it caused the TA to fail.
In the Air Force we had a saying about new jets, You could have good, fast, or cheap. Pick 2. I believe that is where we are right now. we can have industry leading Pay including retro, better QOL, or pension. Pick 2. I think we can have Pay, QOL and a B fund bump with cash over cap for the cost of the A plan increase. Thats my choice.
Do you have a military retirement?
Some of us don't.
I served, but did not get my 20 due to the "Clinton peace dividend".
The A plan increase is more important to those of us who do not have a military retirement with its associated cost of living increases.
IMHO, the A plan increase was not enough, and did not represent 50% of my high five as it did in 1999.
My point is, those of us that have the benefit of a military retirement should not give away the A plan for those of us that don't.
The company can afford it. They just don't want to.