Lost Retirements
07-11-2018 | 07:30 AM
#11
Gets Weekends Off
Joined: May 2015
Posts: 7,292
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From: A350 Both
Easy. When some suggest that deadzoners, which I've never seen clearly defined, get extra retirement benefits because of the sacrifices they've made. At the same time they're accusing those of us who don't fit their definition of being selfish, which is patently absurd since they have zero idea what everyone here has gone through. Additionally, there is only so much money that will be available for retirement benefits. It only stands to reason that starting a DB or an annuity will reduce the amount available for DC contributions. Everyone is entitled to their opinions, of course, and we all get one vote. Time will tell how this plays out, but it seems to me that dividing us up will hurt us rather than help us.
07-11-2018 | 07:41 AM
#12
Line Holder
Joined: Nov 2013
Posts: 419
Likes: 1
From: Taxi Driver
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.
07-11-2018 | 08:01 AM
#13
Gets Weekends Off
Joined: Apr 2018
Posts: 4,140
Likes: 560
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.
07-11-2018 | 08:03 AM
#14
Gets Weekends Off
Joined: May 2015
Posts: 7,292
Likes: 0
From: A350 Both
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.
07-11-2018 | 08:05 AM
#15
Gets Weekends Off
Joined: May 2015
Posts: 7,292
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From: A350 Both
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...
07-11-2018 | 08:17 AM
#17
Gets Weekends Off
Joined: Feb 2008
Posts: 20,879
Likes: 194
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...
07-11-2018 | 08:19 AM
#18
On the 1st tee
Joined: Jan 2016
Posts: 99
Likes: 1
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...
07-11-2018 | 08:26 AM
#19
Gets Weekends Off
Joined: Sep 2013
Posts: 6,566
Likes: 316
From: Sitting SC at the Five Towns
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.
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.
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