Changes to retirement funding
05-02-2018 | 06:41 PM
#11
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Joined: Mar 2012
Posts: 458
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From: 320B
Not looking to create a fight here but who wants this? Every newish guy/gal I know definitely doesn't want a pension. It's all the guys/gals within a few years of retirement that want it. I understand the being made whole thing, but this doesn't seem smart. Why is this being seriously considered and what am I missing?
05-02-2018 | 06:57 PM
#12
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Joined: May 2015
Posts: 2,960
Likes: 0
From: Power top
I don't want a pension. Nobody expects the company to write deadzoners a million dollar check, that would be light by the way. Bottom line, there's not going to be a bailout for us old guys, and I wouldn't want it at anyone's expense, except Ed's. Don't sweat it! And let's not start some age based argument. Get a good contract for all.
05-02-2018 | 07:50 PM
#14
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Joined: Nov 2011
Posts: 332
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From: One with wings
If the Reps won’t direct the above...then they can be sent packing.
Do not screw with the DC in any way, shape or form.
05-03-2018 | 03:41 AM
#16
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Joined: Nov 2013
Posts: 1,657
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From: Fastest Hunk of Junk in the Galaxy
I thinks it’s time we all blow up our Reps phones & emails. This stupidity needs to be nipped in the bud. The R&I Committee needs to be directed to cease & desist any spending of dues money researching a DB plan (or the latest feel good made up name for it) and the Negotiating Comittee given direction to not waste an ounce of negotiating muscle pursuing this mental masterbation. The ONLY thing that will come of this is dragging out Sec 6 and if we do get ANY sort of DB, it will be self funded through lower raises or a decreased dc contribution...you know, the one that’s vested in your name every 15 days???
If the Reps won’t direct the above...then they can be sent packing.
Do not screw with the DC in any way, shape or form.
If the Reps won’t direct the above...then they can be sent packing.
Do not screw with the DC in any way, shape or form.
05-03-2018 | 04:33 AM
#17
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Joined: Nov 2010
Posts: 242
Likes: 0
From: Works too much
I’d be very open to another retirement opportunity...as long as my 16% DC remains untouched. Perhaps one in which my contribution is exces 415 dollars and gets some company contribution as well. Never a bad thing to have another income stream in retirement and tax shelter more current income. I just spoke with a rep and it sounds like that’s the direction they are investigating.
05-03-2018 | 04:50 AM
#18
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Joined: Feb 2008
Posts: 20,869
Likes: 187
The concept of Deferring compensation to be paid after retirement I thought was a excellent idea! CEO’s do it all the time!
The paper put out by the union was designed to educate pilots on the various options. It did not imply support for any of them. The point was to allow you to review what can be done and give impute back.
Forum angst strikes again!
The paper put out by the union was designed to educate pilots on the various options. It did not imply support for any of them. The point was to allow you to review what can be done and give impute back.
Forum angst strikes again!
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