When Flossing isn’t Enough
#12
Gets Weekends Off
Joined APC: Dec 2005
Posts: 8,898
Put another way, I'm a reserve guys and will be for a loong^2 time. How do you think it'd feel if some guy came on here and said I'm not on reserve, I'll never be on reserve, so I don't want one penny going on reserve improvements and put that towards increasing my 12th yr payrate even more. So far I haven't seen anyone write that publicly. Yet here and on Alyeska, there are VX guys calling for removing pensions going forward. Since you're on the topic of pensions is it fair to assume an industry standard contract looks at it section by section? Our DC retirement is 15.5%. Today AA/DL/UA get 16%. HAL, JBLU, and SWA are 15%. 15.5% seems to be industry average today.
Now we've all seen the video valuing status quo and rebalance math as $13/hr off the rest of the pilot group. That kind of divisive math should not divide us. Those kinds of tactics are typical throughout history to get one part of the pilot group to turn against another. Anyway I'm impressed with the L-AS pilots professionalism on forums, not a single AS pilot responded in this thread.
Now we've all seen the video valuing status quo and rebalance math as $13/hr off the rest of the pilot group. That kind of divisive math should not divide us. Those kinds of tactics are typical throughout history to get one part of the pilot group to turn against another. Anyway I'm impressed with the L-AS pilots professionalism on forums, not a single AS pilot responded in this thread.
#14
Flip side of that is calls to spend negotiating capital on enhancing the DC for those who have the DB. If you go there, why not also try to get a DB for the folks who don't have it? All hypothetical, frankly in today's world I would not want my retirement in the hands of the company, the stock market is risky but at least you have a measure of control there.
#15
Gets Weekends Off
Joined APC: Feb 2018
Posts: 692
If you’re not going to stand up for their pension, why should they stand up for our scope? Why should they worry themselves with section 25? They won’t be the ones to feel the effects of the ever growing outsourcing. Most of them will be long retired when the first 190’s “operated by Skywest”, start parking at our gates. So why should they give it a second thought? Most of them are already near the top of the list and get much better schedules than most of us so why would they ask to sacrifice negotiating capital on anything other than pension strength and pay increases. I live in base, commuter friendly lines are not necessarily my immediate concern. Should I not bother standing up for better schedules and commutability? If this is going to devolve into divided groups throwing each other under the bus, we may as well just sign a contract extension right now. Sadly, this thread is proof that managements propaganda is working all too well. We’ve already reached the “every man for himself” stage and negotiations just opened this week.... I was told that VX brought over 800 guys ready to fight for better?!?!
#16
1. Invest in a well diversified stock portfolio or BETTER YET Index 500 mutual funds. Reinvest dividends and realized capital gains. In good times, you’ll be making more than the overwhelming majority while owning a share of the entire economy. In bad times, you will be buying An increasing share of the market at a discounted rate.
2. Buy and store guns, ammo, and freeze dried food, because you are going to need them.
#17
Banned
Joined APC: Nov 2013
Position: 7th green
Posts: 4,378
Since Shy says the VXers never had a DB plan, I don't see the problem. Believe me, getting 15.5% in a DC plan sounds GREAT considering all I ever got was 3% coupled with the DB plan with a half lump sum payout.
I agree with you...I prefer having my advisors manage my 401k money than to have a pension that never changes regardless of the economic landscape.
#18
Line Holder
Joined APC: Apr 2016
Posts: 31
#20
Gets Weekends Off
Joined APC: Dec 2005
Posts: 8,898
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