AGA 60 and Retirement
09-13-2007, 03:49 PM
#41
Thx Age 65
Joined APC: Jul 2005
Position: MD11CAP
Posts: 1,041
Keep talking about losing the A Plan and maybe it will happen. An Fully funded Pension Fund Pays for itself through divedends. ITs actually to cheaper to the company than a B Plan. (When the markets good and the company doesn't steal from it like DAL and United)
And a B Plan isn't airline specific, or attached to our age 60 retirement like some think. My wife has one and she works for Medtronic.
And a B Plan isn't airline specific, or attached to our age 60 retirement like some think. My wife has one and she works for Medtronic.
09-14-2007, 12:30 AM
#43
Line Holder
Joined APC: Oct 2006
Posts: 37
Won't work. FedEx pilots die early and often. Those that survive to a decent age make a ton but are fewer than you think.
No way the company will trade the good deal they have on the A plan with all the early deaths for an expense buyout.
Sorry
Gunter, you hit the nail on the head as to why it will not work. Most people think they are going to live to be 90, but probably only about half make it to 75. Therefore, all the pilots would want a buy-out equal to the payout assuming they lived to be 90. However the company knows they only have to pay out to the average age which is quite a bit lower. I'm sure that dollar figure is a lot less than most people think. Especially when you consider the investment value of the money set aside.
No way the company will trade the good deal they have on the A plan with all the early deaths for an expense buyout.
Sorry
Gunter, you hit the nail on the head as to why it will not work. Most people think they are going to live to be 90, but probably only about half make it to 75. Therefore, all the pilots would want a buy-out equal to the payout assuming they lived to be 90. However the company knows they only have to pay out to the average age which is quite a bit lower. I'm sure that dollar figure is a lot less than most people think. Especially when you consider the investment value of the money set aside.
09-14-2007, 05:41 AM
#45
Gets Weekends Off
Joined APC: Aug 2006
Position: Finally Facing Forward
Posts: 216
Let's keep the A and B plan basically as is but...
how about a simple 30% pay raise across the board and then the individual pilot can fund their own retirement needs as they see fit.
SeeDub
SeeDub
09-14-2007, 05:51 AM
#46
Gets Weekends Off
Joined APC: May 2007
Position: FDX Airbus F/O
Posts: 152
how about a simple 30% pay raise across the board and then the individual pilot can fund their own retirement needs as they see fit.
09-14-2007, 06:33 AM
#48
Gets Weekends Off
Joined APC: Sep 2006
Position: Retired
Posts: 3,717
Originally Posted by HerkDriver
Boom Boom -
Do you think there are really guys out there that don't fully fund their 401k? Not being a smart a$$...just find it hard to believe that people would give that up.
Do you think there are really guys out there that don't fully fund their 401k? Not being a smart a$$...just find it hard to believe that people would give that up.
09-14-2007, 08:18 AM
#50
Gets Weekends Off
Joined APC: Aug 2006
Position: Finally Facing Forward
Posts: 216
Originally Posted by Boom Boom
Never work.. They will just spend it.. How many don't fully fund their 401K?
