Interesting that you don't see what YOU are doing as divisive. Since my past doesn't matter that is...

Never suggested that your post didn't matter. It matters just as much as mine does. My perspective is that we all get an equal percentage increase to the DC plan in C2019. Not sure how that could be considered divisive. Also, a simple TVM calculator that I just looked at shows that if 13 years ago, when our pension got terminated, a pilot began throwing 3 grand a month into an S and P fund, they'd be sitting on more than 770K right now. That would help an awful lot as one heads into retirement. It is a simple reality that we are responsible for our own financial well being. It sucks that the pensions are gone, but gone they are, so we need to adjust our lifestyles in order to compensate. To suggest otherwise is to avoid facts.

Flew with a NWA captain this month with ten more years left at Delta who incessantly complained the entire trip about his retirement and how he wanted an annuity type DB because the 401k doesn't return enough. When I asked him what he has his 401k invested in, he had no idea other than a large majority of it being in Delta stock 😲. Next leg he showed me pictures of his recently purchased 100k sports car...

From the very beginning of my career I treated the DB plan as a house of cards. My wife is responsible for that because she didn't believe it would ever come to fruition and fortunately she would rather have a new socket set than a diamond ring. That being said, the glaring omission in your missive is that you don't have to adjust anything in your career because it has all been settled, and it is all in your name. There are many here who do not have that luxury. Your post still screams of 'tough toenails'.

Interesting.

Not trying to say everyone is like this at all. Just pointing out that they do exist. Hopefully they're a rarity though.

If he put the majority of it in Delta stock when we merged he should be a multimillionaire. It’s strange however that a pilot would go to all the trouble of setting up a brokerage link account and then have no idea what his retirement is invested in. Every pilot I know who has gone the brokerage link route is very attuned to their retirement.

Pi$$ poor financial planning on his part does not equate to the pilot group being responsible for making him whole again.

Does anyone have any specifics of how this DB would be implemented? 60% FAE or something?

Seems like there are lots of panties being wadded up with no details.

If everyone got this benefit -- with no change to the DC plan -- how is it "dividing the pilot group?"

FWIW, I think our retirement package should be comparable to similarly profitable companies, like FedEx and UPS.

Rinse..... aaaaaaaaand repeat