Originally Posted by
whatarefacts
How many other chances were there for pension improvement?
Short answer, 2.
Longer answer, in 2006 the agreed pay rates didn't exceed the FAE cap, except for the last year for an aircraft that we didn't even own.
In 2015, the company agreed to increase the pension if all new hires were excluded, and put on a DC plan.
You came to a company knowing that they had a pension plan. Why? If you want to keep the DB plan the same and increase the DC plan, how do you make the senior pilot whole compared to the pilot that has 20+ years left?