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BT/BM Know full well the defined benefit plan has already been funded - upfront - by a deeply concessionary contract. This same contract has allowed Angle Lake to bank increasing profits year on year and achieve the best margin in the industry. These profits were made on the backs of frontline employees time and time again, not just pilots.Originally Posted by Ispeakjive
I'd be surprised if many of old or new school AS pilots blame the union. We should see in a few days exactly what the union and management were proposing. It's my understanding that management made a deal in approx 2010 to continue funding a pension program. Mgmnt is now calling this expense part of our "overall compensation" that we should be grateful for--hence the BM/BT BS video. That's an admin expense that AAG will cover. Those retirements will be protected, but I dont think that the arbitrator will pin that on us the way BM/BT are trying to.
These are not stupid men, but they certainly hope a few of us are. ALK and VX pilots alike need to read between the lines, remain unified and continue educating each other on how these guys do business both historically and today. That silly video should have been a call to arms for our group, not a "rational explanation." It was nonsense.
The pension guys need to get paid - and we need to get paid. AAG already has the money in the coffers to pay every pension they agreed to, they took it from the pilot group long ago. If they want to pay us less, then logically, we should ALL be on a defined benefit plan! One that is bankruptcy proof and bulletproof. Of course, AAG would scoff at that and logically - we should scoff at the video nonsense they just threw our way.
Now is the time for the pilot group to remain unified and allow our union negotiators to present the best case (and BOY do we have one) for industry average, even industry LEADING pay. Even with industry leading pay, we will likely fall far behind the big three in work rules, scheduling and QOL until contract 2020, whenever that actually ratifies. Compare W2's with your buddies at Delta, United, SW and American and the math will speak for itself.
My union speaks for me and every day I educate others and learn as much as I can, to be as informed as I can be. Knowledge is power.