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Old 10-12-2023 | 10:17 AM
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Default Retirement

Looks like we may be getting closer to industry standard retirement? I’m sure the timing was completely coincidental.

Last edited by SgtV; 10-12-2023 at 10:54 AM.
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Old 10-12-2023 | 02:07 PM
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Originally Posted by SgtV
Looks like we may be getting closer to industry standard retirement? I’m sure the timing was completely coincidental.
Actual announcement or just rumors?
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Old 10-12-2023 | 02:11 PM
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Originally Posted by Atlasvet
Actual announcement or just rumors?
There is an LOA. Just needs to be voted on. 12% DC topping out at 16% DC.
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Old 10-12-2023 | 02:31 PM
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It replaces the current 10% match +2%DC as of next year, with a 12%DC, so a tiny improvement for those making over $230K and nothing for anyone else until 2025.

In exchange for a massive gift to the company in the form of their ability to hire foreign pilots and reduce the pressure to make actual change.

All in the roll up to a Union election with a hope to replace our failed leadership.

It should be an easy no vote, but understanding retirement is hard for so many people.
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Old 10-12-2023 | 02:34 PM
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Originally Posted by TG47
It replaces the current 10% match +2%DC as of next year, with a 12%DC, so a tiny improvement for those making over $230K and nothing for anyone else until 2025.

In exchange for a massive gift to the company in the form of their ability to hire foreign pilots and reduce the pressure to make actual change.

All in the roll up to a Union election with a hope to replace our failed leadership.

It should be an easy no vote, but understanding retirement is hard for so many people.
Why a no vote when we're not giving up anything for this change? The Aussies get to visit home easier and we get more money for retirement.
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Old 10-12-2023 | 02:36 PM
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Originally Posted by astray
Why a no vote when we're not giving up anything for this change? The Aussies get to visit home easier and we get more money for retirement.
Because we get nothing, and remove the pressure on the company to give us something.
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Old 10-12-2023 | 02:40 PM
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Originally Posted by astray
Why a no vote when we're not giving up anything for this change? The Aussies get to visit home easier and we get more money for retirement.
Do you really think the company is going to buy pilots $1200 airline tickets twice a month and nothing was given up by the Union, or more likely had to be left on the table, to get that? Most domestic tickets cost less than half of that. Nothing is free and everything in a contract/LOA has a cost.
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Old 10-12-2023 | 02:42 PM
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The purpose of this is to buy Aussie votes for the Union leadership, to prevent any actual improvement.
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Old 10-12-2023 | 04:58 PM
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I'm a yes vote. This is an improvement before our contract opens up for negotiation. Regardless of who's in charge turning this down does not mean they come to us with something better in the future. Holding out for better, like we did in the past often costs more than we eventually get.

If we hold out when there aren't negotiations ongoing, we are hoping for a fix that likely isn't coming. This is tangible, significant and it improves our starting position when negotiations finally do open up.
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Old 10-12-2023 | 05:39 PM
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It's a no vote from me. Meager gains in retirement, in exchange for more foreign pilots willing to work for substandard pay and benefits. Make that a 18% DC today and a 15-20% pay increase, and I'd consider it.
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