Originally Posted by
Carl Spackler
Don't know what would be decent, but here's what would work:
1. Retiree travel benefits
2. Former NWA pilots do not take the 3% per year penalty for their retirements.
Most of my over 55 buds at NWA tell me they would jump in a nanosecond if they weren't taking such a big pension hit for leaving early.
Carl
Carl, it's not a 3% "penalty". That may be how the math is calculated (I don't really know how your plan works), but its really just a stretching out of the payments.
For example, pilot "A" retires at 60 and gets $100,000 per year for 25 years (on average).
Pilot "B" retires at 55 and gets $85,000 but he gets it for 30 years.
Same pot of money, just being drawn over a longer period. That seems fair to me.
PG