Originally Posted by
DAL 88 Driver
Well, I guess it depends on how you look at it. You are correct that the claim was officially for concessions. However, most of the money went into our retirement accounts, not our paychecks. For me personally, the claim and note gave enough of a boost to my retirement that I am on a pretty good track there. However, it has done nothing for my income, which has a purchasing power about HALF of what it should be.
I'm grateful for the boost to help get my retirement back on track. But to paint it as a substitute for a snap back, making whole our overall compensation, I think is very inaccurate and misleading... in a similar way to how LM's latest letter was misleading.
I hear ya 88 Driver, but consider the possibility that most pilots might have expressed a preference for having their IRS 415 bucket filled first. ALSO, I'm not an expert, but I think I heard once that they were able to negotiate a larger claim and note if it went in predominantly as a company contribution than as income. Something to do with company taxes I believe.
Regardless, I'm also grateful for the boost.
Looking towards the future, we need to start pulling together and sharpening our pencils for section 6 or possibly mid contract improvements if we can get some.