Originally Posted by
sailingfun
Perhaps a senior NWA pilot can comment on why only 115 applied for the program. We have been hearing over and over again that a huge number were ready to leave. It seems like there would have been a lot more applications. Does NWA offer a lump sum on their retirement? If no then what are the advantages of staying if you planned on leaving in the next year or so?
First of all, they offered no PERPS to 747-400 or A330 Captains. That was a surprise. Second is the huge hit in early retirement medical coverage. If you leave early, family coverage costs
$1,900 per month. I definitely think that unwelcome surprise has made some folks pause.
There is no lump sum offer for our retirement. The only lump sum is the 5 months of pay for PERPing out.
I still believe a lot of folks will want to PERP out, but that medical coverage cost really needs to change. We ought to be incentivising senior folks to leave, not punishing them for leaving.
Carl