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-   -   Over 60? Will you work for $800/mo? (https://www.airlinepilotforums.com/cargo/20458-over-60-will-you-work-800-mo.html)

FoxHunter 12-30-2007 08:21 AM


Originally Posted by Jetjok (Post 289226)
Thanks for your very good answer. However, I again ask: Does anyone actually know how many of us "over 60" guys actually have 25 years or more with the company?

I count six, (6).

Tuck 12-30-2007 09:04 AM

I don't know how many there are but I do know one very vocal former Captain in LAX who was at a recent LEC meeting (and brought his wife!!) to complain about, and I quote, "I've paid 30 years of dues to ALPA, the least you can do is allow me to keep flying". I talked to him quite a bit - he was a former Tiger with a total of about 35 years flying in the 2 companies I believe - no children at home, no colleges to pay, plenty of money (his own words) who wanted to work as a Captain because "you just never know - it never hurts to have a little more money in the bank, because you just never know". Those are his words. I've been a bit tainted by that experience and wonder how many guys are just like him (yes he's riding the panel right now and will be back up front first chance he gets).

Propwash 12-30-2007 09:53 AM

One word "Campinas"

They will fly for FREE!!!

Propwash

MEMA300 12-30-2007 09:56 AM


Originally Posted by FoxHunter (Post 289322)
I count six, (6).

How many are free loaders?

Toccata 12-30-2007 10:13 AM


Originally Posted by Jetjok (Post 289226)
Thanks for your very good answer. However, I again ask: Does anyone actually know how many of us "over 60" guys actually have 25 years or more with the company?

Well, your question was the rhetorical "Does anyone actually know...". That answer is simple - yes.

Now, if you really just asking the quantitative 'how many', you need to either contact one of those folks that know (you know, management, personnel, benefits, most of us here on this board....), or have some way of knowing everyone's birth date and date of hire.

I guess that information actually used to be available to everyone.

tomgoodman 12-30-2007 12:03 PM

How safe is that pension?
 

Originally Posted by mcdbirdman (Post 289200)
Most WB Capts with 25 years will see a retirement check of $130k (no SS withheld from retirement monies). Will you honestly work for about $800/mo. Really?? Sit down and truly evaluate your own situation. Tell me why my calculations are wrong?

Is that $130k per year (or the lump-sum equivalent) in the pilot's own name and held by an insured outside financial institution, or just a debt owed to him by the airline? If the former, then retirement would be safe and sensible. If the latter, some pilots may be reluctant to count on it, after what happened at major pax carriers (many of which were also financially sound a few years ago). Once you retire, you can't come back, even if your pension is slashed.

DixieFlyer 12-30-2007 12:23 PM


Originally Posted by FreightDawgyDog (Post 289212)
You are very lucky to have been hired here at all IMO since military retirees were never hired before the mid 80's.

Are you serious? Really? How many of the original guys were actually civilian? Not very many.

Toccata 12-30-2007 12:39 PM


Originally Posted by tomgoodman (Post 289462)
Is that $130k per year (or the lump-sum equivalent) in the pilot's own name and held by an insured outside financial institution, or just a debt owed to him by the airline? If the former, then retirement would be safe and sensible. If the latter, some pilots may be reluctant to count on it, after what happened at major pax carriers (many of which were also financially sound a few years ago). Once you retire, you can't come back, even if your pension is slashed.

The latter.

jagplt 12-30-2007 12:41 PM

hmmm sounds like an AFLAC duck moment to me...

FR8Hauler 12-30-2007 02:29 PM


Originally Posted by DixieFlyer (Post 289485)
Are you serious? Really? How many of the original guys were actually civilian? Not very many.

He said military retirees. FedEx did not start having to hire non-military pilots until they ran out of qualified military guys.


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