Retirement Shortfall Letter
07-10-2018, 03:25 PM
#1
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Joined APC: Oct 2009
Posts: 3,108
Retirement Shortfall Letter
July xx, 2018
Fellow Delta pilots,
Delta filed for bankruptcy protection in 2005. The concessions many of our pilots made to help reorganize the Company were unmatched, severe, and life-altering not only for them, but for their families. Our pilots have been instrumental in creating the unprecedented success that our company enjoys today. The pain inflicted during bankruptcy continues today -- month after month a countless number of our pilots are flying extra trips to compensate for their retirement shortfall, resulting in yet more time away from home. The toll on these pilots and their families continues thirteen years later and, if left unresolved, will continue for years to come. That is simply unacceptable and we will not be complicit.
Every Delta pilots deserves and has earned a retirement befitting a professional with our skills and our level of responsibility.
As a union, our job is to best represent all of our pilots. The company has a moral obligation to address this massive retirement shortfall many of our pilots experienced. This is consistent with the Rules of the Road and the “Delta Family” principle continuously lauded to our shareholders. This obligation on the part of the Company needs to be addressed prior to our next contract negotiations as this is a major problem that requires a stand-alone solution that is not part of our next negotiation cycle.
These Delta pilots and their families have been left behind, and that is indefensible. Between now and our contract’s amendable date, one pilot on average retires every day, and the rate of retirements only increase from here. Today, we are notifying Delta management that they must address the retirement shortfall with a deadline of March 31st, 2019.
Every year Delta returns approximately $4 billion dollars to our “owners.” This return on investment dishonors our pilots by ignoring and bypassing the concessionary investments they made in the company. This issue has gone unaddressed for far too long. The time is now. We must protect and take care of our Delta Family and, together, there is no height we cannot reach.
In unity,
The MEC
Fellow Delta pilots,
Delta filed for bankruptcy protection in 2005. The concessions many of our pilots made to help reorganize the Company were unmatched, severe, and life-altering not only for them, but for their families. Our pilots have been instrumental in creating the unprecedented success that our company enjoys today. The pain inflicted during bankruptcy continues today -- month after month a countless number of our pilots are flying extra trips to compensate for their retirement shortfall, resulting in yet more time away from home. The toll on these pilots and their families continues thirteen years later and, if left unresolved, will continue for years to come. That is simply unacceptable and we will not be complicit.
Every Delta pilots deserves and has earned a retirement befitting a professional with our skills and our level of responsibility.
As a union, our job is to best represent all of our pilots. The company has a moral obligation to address this massive retirement shortfall many of our pilots experienced. This is consistent with the Rules of the Road and the “Delta Family” principle continuously lauded to our shareholders. This obligation on the part of the Company needs to be addressed prior to our next contract negotiations as this is a major problem that requires a stand-alone solution that is not part of our next negotiation cycle.
These Delta pilots and their families have been left behind, and that is indefensible. Between now and our contract’s amendable date, one pilot on average retires every day, and the rate of retirements only increase from here. Today, we are notifying Delta management that they must address the retirement shortfall with a deadline of March 31st, 2019.
Every year Delta returns approximately $4 billion dollars to our “owners.” This return on investment dishonors our pilots by ignoring and bypassing the concessionary investments they made in the company. This issue has gone unaddressed for far too long. The time is now. We must protect and take care of our Delta Family and, together, there is no height we cannot reach.
In unity,
The MEC
07-10-2018, 03:26 PM
#2
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Joined APC: Oct 2009
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Our reps will be considering sending this letter to Mr. Bastian and the Delta pilots.
In my opinion, we have already waited far too long to take action and need to send this letter early next week.
Our executives are returning approximately $4 Billion to our “owners” annually.
25% of that amount ($1 Billion annually) needs to be redirected to end the retirement shortfall of the Delta pilots.
Our executives can still return an eye watering and unimaginable $3 Billion annually to our “owners” until they finish taking care of the pilots who brought them to today’s success.
Please spread the word and contact your reps.
Jerry Fielding
In my opinion, we have already waited far too long to take action and need to send this letter early next week.
Our executives are returning approximately $4 Billion to our “owners” annually.
25% of that amount ($1 Billion annually) needs to be redirected to end the retirement shortfall of the Delta pilots.
Our executives can still return an eye watering and unimaginable $3 Billion annually to our “owners” until they finish taking care of the pilots who brought them to today’s success.
Please spread the word and contact your reps.
Jerry Fielding
07-10-2018, 03:38 PM
#3
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Thread Starter
Joined APC: Oct 2009
Posts: 3,108
The point I think Scott and Sam are missing .
This is not our problem to fix.
This is Mr. Bastian’s problem to fix.
Don’t let them divide us.
Our members of the retirement working group and negotiating committee are wicked intelligent and talented. Management needs to repair the shortfall with their supervision.
Fly the airplane, do not hurry.
In this case.
We hand the problem to Mr. Bastian first and foremost.
Then supervise their solution.
There is no excuse for one single Delta pilot departing without a retirement befitting a professional with our level of skills and responsibility.
This is not our problem to fix.
This is Mr. Bastian’s problem to fix.
Don’t let them divide us.
Our members of the retirement working group and negotiating committee are wicked intelligent and talented. Management needs to repair the shortfall with their supervision.
Fly the airplane, do not hurry.
In this case.
We hand the problem to Mr. Bastian first and foremost.
Then supervise their solution.
There is no excuse for one single Delta pilot departing without a retirement befitting a professional with our level of skills and responsibility.
07-10-2018, 03:55 PM
#5
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Joined APC: Jul 2008
Posts: 4,921
This letter is dividing to the group. It shows that the union is trying to do exactly what happened in 1996. Set up the guys on the way out. The guys who got an extra 5 years at the top at my expense (my extra 5 years were at the bottom.)
Some of my hostility comes from the merger. I was part of 150 pilots who received less retirement than everyone else for a few years because the NWA MEC was fighting to try and get more for themselves which ended up in us getting less and the 150 of us getting forgotten about.
Life isn’t fair and now these pilots are fighting for something that only they will benefit from. I don’t buy the unity part.
Some of my hostility comes from the merger. I was part of 150 pilots who received less retirement than everyone else for a few years because the NWA MEC was fighting to try and get more for themselves which ended up in us getting less and the 150 of us getting forgotten about.
Life isn’t fair and now these pilots are fighting for something that only they will benefit from. I don’t buy the unity part.
07-10-2018, 03:56 PM
#7
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Position: A330 First Officer
Posts: 1,465
Originally Posted by gzsg
July xx, 2018
Fellow Delta pilots,
Delta filed for bankruptcy protection in 2005. The concessions many of our pilots made to help reorganize the Company were unmatched, severe, and life-altering not only for them, but for their families. Our pilots have been instrumental in creating the unprecedented success that our company enjoys today. The pain inflicted during bankruptcy continues today -- month after month a countless number of our pilots are flying extra trips to compensate for their retirement shortfall, resulting in yet more time away from home. The toll on these pilots and their families continues thirteen years later and, if left unresolved, will continue for years to come. That is simply unacceptable and we will not be complicit.
Every Delta pilots deserves and has earned a retirement befitting a professional with our skills and our level of responsibility.
As a union, our job is to best represent all of our pilots. The company has a moral obligation to address this massive retirement shortfall many of our pilots experienced. This is consistent with the Rules of the Road and the “Delta Family” principle continuously lauded to our shareholders. This obligation on the part of the Company needs to be addressed prior to our next contract negotiations as this is a major problem that requires a stand-alone solution that is not part of our next negotiation cycle.
These Delta pilots and their families have been left behind, and that is indefensible. Between now and our contract’s amendable date, one pilot on average retires every day, and the rate of retirements only increase from here. Today, we are notifying Delta management that they must address the retirement shortfall with a deadline of March 31st, 2019.
Every year Delta returns approximately $4 billion dollars to our “owners.” This return on investment dishonors our pilots by ignoring and bypassing the concessionary investments they made in the company. This issue has gone unaddressed for far too long. The time is now. We must protect and take care of our Delta Family and, together, there is no height we cannot reach.
In unity,
The MEC
Fellow Delta pilots,
Delta filed for bankruptcy protection in 2005. The concessions many of our pilots made to help reorganize the Company were unmatched, severe, and life-altering not only for them, but for their families. Our pilots have been instrumental in creating the unprecedented success that our company enjoys today. The pain inflicted during bankruptcy continues today -- month after month a countless number of our pilots are flying extra trips to compensate for their retirement shortfall, resulting in yet more time away from home. The toll on these pilots and their families continues thirteen years later and, if left unresolved, will continue for years to come. That is simply unacceptable and we will not be complicit.
Every Delta pilots deserves and has earned a retirement befitting a professional with our skills and our level of responsibility.
As a union, our job is to best represent all of our pilots. The company has a moral obligation to address this massive retirement shortfall many of our pilots experienced. This is consistent with the Rules of the Road and the “Delta Family” principle continuously lauded to our shareholders. This obligation on the part of the Company needs to be addressed prior to our next contract negotiations as this is a major problem that requires a stand-alone solution that is not part of our next negotiation cycle.
These Delta pilots and their families have been left behind, and that is indefensible. Between now and our contract’s amendable date, one pilot on average retires every day, and the rate of retirements only increase from here. Today, we are notifying Delta management that they must address the retirement shortfall with a deadline of March 31st, 2019.
Every year Delta returns approximately $4 billion dollars to our “owners.” This return on investment dishonors our pilots by ignoring and bypassing the concessionary investments they made in the company. This issue has gone unaddressed for far too long. The time is now. We must protect and take care of our Delta Family and, together, there is no height we cannot reach.
In unity,
The MEC
I guess I'm saying I don't see this flying with all the different groups on the property.
07-10-2018, 03:59 PM
#8
Gets Weekends Off
Thread Starter
Joined APC: Oct 2009
Posts: 3,108
Originally Posted by hockeypilot44
This letter is dividing to the group. It shows that the union is trying to do exactly what happened in 1996. Set up the guys on the way out. The guys who got an extra 5 years at the top at my expense (my extra 5 years were at the bottom.)
We will make major gains in retirement in C2019.
Soon we will retire close to 1000 pilots a year generating 6000+ training events annually.
We have the leverage.
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