Originally Posted by
LifeNtheFstLne
They (CALALPA) cannot encourage the seniors to retire right now. A run on the A-Plan by too many would create a shortfall and liquidity issues. There's not enough money available for the lump sum option to be elected by too many pilots. As I understand, it is still minimally funded.
You are absolutely right! Now, if you were in their position and KNEW that the $$$ might not be there much longer, would you wait and see, or would you take the money and run? I wouldn't have to think much longer than a nano-second what I'd do. Kind of shows you the mentality of some of our pilots. They'll gamble till they lose, and then wonder what hit them. Oh well, I guess to them, having 1000 hours of sick bank and a "flying job" making $200,000 a year is much better than being retired and having $750,000 + in the bank.
