Originally Posted by
sailingfun
The 3% difference in retirement is small change compared to the ongoing funding requirements to maintain the NWA frozen pension. No Delta S pilot will share in the money that has to go into that account yet after 2012 everyone gets the same DC. Is that fair? There are dozens of areas in the joint contract where you can find inequities on both sides. Get over it. The JCBA is long done and ratified. Start planning on how to fill out your contract survey for 2012.
Like most pilots you obviously don't fully comprehend compounding interest. While 3% sounds like a small number we're talking a SIX figure difference in final retirement savings based on average returns.
I can comprehend why you think paying fNWA pilots with frozen pensions 3% less to make up for their frozen pension payments. Why do you think it's fair to pay fNWA pilots who don't have frozen pensions 3% less?
So if we were to hire, you're saying new hires deserve a better retirement plan than post 9/11 fNWA pilots?