Lost Retirements
07-11-2018 | 10:38 AM
#31
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Joined: Nov 2013
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From: Taxi Driver
As someone who was furloughed, yes, I do. I was specifically referring to some of those who refer to themselves as deadzoners and thankfully weren't furloughed. Once USAir saw their pension go away in bankruptcy, the clock was ticking for ours. It was awful, but still incumbent upon individual pilots who were not furloughed to begin planning for their own retirement rather than relying on the pension, IMO.
07-11-2018 | 10:46 AM
#32
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Joined: Apr 2018
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Sure 401k is in our name now, but it doesn't mean a secure retirement or lucrative career is guaranteed.
07-11-2018 | 10:46 AM
#33
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Joined: Sep 2014
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... not to mention that even if you HAD 36k/yr in free cash for retirement savings, 770k ain't enough to live off of for 30 years.
07-11-2018 | 10:47 AM
#34
Gets Weekends Off
Joined: May 2015
Posts: 7,292
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From: A350 Both
I am not complaining about that either just so you know, but I did have a backup plan if I got booted.
07-11-2018 | 10:49 AM
#35
Gets Weekends Off
Joined: May 2015
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From: A350 Both
How do you know he won't have to adjust anything? Can you see the future? Yes, times are good now, but just as it has been in the past one's actual career probably won't look anything like one had imagined it would.
Sure 401k is in our name now, but it doesn't mean a secure retirement or lucrative career is guaranteed.
Sure 401k is in our name now, but it doesn't mean a secure retirement or lucrative career is guaranteed.
07-11-2018 | 10:54 AM
#36
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Joined: Nov 2013
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From: Taxi Driver
I never said it was. My only point is that when our pension went away, it became incumbent upon us to make lifestyle changes since our retirement became our issue rather than the company's. I wish we all had a pension and could afford a Cadillac a month like the old days, but it just isn't the case. We are responsible for ourselves and have been for the better part of a decade.
07-11-2018 | 10:55 AM
#37
Gets Weekends Off
Joined: May 2015
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From: A350 Both
And here's 30 seconds of research to show that even $770K is a first world 'problem'.
https://www.cnbc.com/2017/04/07/how-...every-age.html
07-11-2018 | 10:55 AM
#38
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Joined: Nov 2013
Posts: 419
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From: Taxi Driver
And that sucked, too. The constant worry of wondering if you were going out, sliding backward, dealing with the bankruptcy. Stressful times indeed.
07-11-2018 | 12:10 PM
#39
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Joined: Feb 2013
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Ill be honest, Im very much against any pension due to the fears many have previously posted. Ill bite though and ask those of you who believe we should get one, please explain what exactly you would like to see, how you would to see it rolled out, and what would you be willing to sacrifice for it? Im only assuming that if this passed the company would remove our 401K DC and make it at best a "typical 401K" and have some kind of basic % match.
Im honestly trying to see what bullet points (preferably more comprehensive) you all have in favor of such an idea. Its easy in my opinion to complain about what were leaving on the table but I and Im sure others would like to hear specifics. The devil is in the details and the details matter.
Im honestly trying to see what bullet points (preferably more comprehensive) you all have in favor of such an idea. Its easy in my opinion to complain about what were leaving on the table but I and Im sure others would like to hear specifics. The devil is in the details and the details matter.
07-11-2018 | 01:59 PM
#40
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Joined: Feb 2011
Posts: 806
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Ill be honest, Im very much against any pension due to the fears many have previously posted. Ill bite though and ask those of you who believe we should get one, please explain what exactly you would like to see, how you would to see it rolled out, and what would you be willing to sacrifice for it? Im only assuming that if this passed the company would remove our 401K DC and make it at best a "typical 401K" and have some kind of basic % match.
Im honestly trying to see what bullet points (preferably more comprehensive) you all have in favor of such an idea. Its easy in my opinion to complain about what were leaving on the table but I and Im sure others would like to hear specifics. The devil is in the details and the details matter.
Im honestly trying to see what bullet points (preferably more comprehensive) you all have in favor of such an idea. Its easy in my opinion to complain about what were leaving on the table but I and Im sure others would like to hear specifics. The devil is in the details and the details matter.
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