Lost Retirements
07-11-2018 | 09:09 AM
#21
Gets Weekends Off
Joined: May 2015
Posts: 7,292
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From: A350 Both
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.
You're welcome
07-11-2018 | 09:18 AM
#23
Gets Weekends Off
Joined: May 2015
Posts: 7,292
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From: A350 Both
There should be a class action lawsuit imho. Age 65 is discriminatory pure and simple.
07-11-2018 | 09:43 AM
#24
Gets Weekends Off
Joined: Feb 2008
Posts: 20,879
Likes: 194
I Would disagree. The courts in the US have ruled that you can impose a age limit for safety reasons. Ability does go down with age. Newer Aircraft being much easier to fly and requiring less physical skills certainly extends the age a pilot can safely fly but I think 65 is a good compromise.
07-11-2018 | 09:51 AM
#25
Gets Weekends Off
Joined: Mar 2016
Posts: 1,906
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From: Here and there
Lost Retirements
And the only reason you say this is because of your retirement financial situation. If it wasn’t what you forecast it to be (lacking), you wouldn’t be making this statement.
It’s no coincidence the most vocal about age 65 discrimination also tend to be those barking about their retirement situation.
07-11-2018 | 09:56 AM
#26
Gets Weekends Off
Joined: May 2015
Posts: 7,292
Likes: 0
From: A350 Both
I Would disagree. The courts in the US have ruled that you can impose a age limit for safety reasons. Ability does go down with age. Newer Aircraft being much easier to fly and requiring less physical skills certainly extends the age a pilot can safely fly but I think 65 is a good compromise.
Thanks for the chuckle. I'm fine, and thanks for your concern. I could leave now if I wanted, but I still love the job.
07-11-2018 | 09:56 AM
#27
Gets Weekends Off
Joined: Apr 2018
Posts: 3,600
Likes: 49
Damn, I hope you're glad that I didn't think that way after serving 4 years 10 months on B scale years ago. The contract came up to get rid of B-scale which "took away from one group to give to another"
So I got to pay for B-scale up front for almost 5 years, and then in the rear to get rid of it for the newbs. Not saying it was right or wrong, needed to be done, or didn't.....just stating facts.
OBTW......increasing DC doesn't help all pilots equally.....everyone understands that right?
07-11-2018 | 10:31 AM
#28
Line Holder
Joined: Nov 2013
Posts: 419
Likes: 1
From: Taxi Driver
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'.
07-11-2018 | 10:35 AM
#29
Get's Every Day Off
Joined: Oct 2006
Posts: 1,864
Likes: 0
From: Retired
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 | 10:36 AM
#30
Line Holder
Joined: Nov 2013
Posts: 419
Likes: 1
From: Taxi Driver
Damn, I hope you're glad that I didn't think that way after serving 4 years 10 months on B scale years ago. The contract came up to get rid of B-scale which "took away from one group to give to another"
So I got to pay for B-scale up front for almost 5 years, and then in the rear to get rid of it for the newbs. Not saying it was right or wrong, needed to be done, or didn't.....just stating facts.
OBTW......increasing DC doesn't help all pilots equally.....everyone understands that right?
So I got to pay for B-scale up front for almost 5 years, and then in the rear to get rid of it for the newbs. Not saying it was right or wrong, needed to be done, or didn't.....just stating facts.
OBTW......increasing DC doesn't help all pilots equally.....everyone understands that right?
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