Airline Pilot Central Forums - Retirement...Again! (insert smiley face here)

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- - Retirement...Again! (insert smiley face here) (https://www.airlinepilotforums.com/delta/118842-retirement-again-insert-smiley-face-here.html)

Quote:

Originally Posted by Der Meister (Post 2732463)

Except "your" retirement which you chose to give up. So you are an entitled snow flake, willing to give scope away so you can get yours. Which you are not owed anything.

The airline exists because the BK court allowed it to exist.

He "chose" to give up. What a crock of BS. Did you go thru the DISTRESS termination? You obviously have no clue what went on during that time period. There was no "choice."

Denny

Quote:

Originally Posted by badflaps (Post 2732431)

How would you like to be retired a bunch of years and then get the "Dear John,":mad:

What happened with the lawsuit?
https://www.bloomberglaw.com/public/...c/1?1545982410

Quote:

Originally Posted by Mesabah (Post 2732548)

What happened with the lawsuit?
https://www.bloomberglaw.com/public/...c/1?1545982410

Good question, I figured the fix was in and moved on. I know the PC-3 (Pilot Chumps) spent lots of money on attorneys. Very sad.

Quote:

Originally Posted by Der Meister (Post 2732463)

wow. smdh.....

Quote:

Originally Posted by Lifeisgood (Post 2732062)

No, I wouldn't. I am so happy you are here, but despite all my efforts, I am struggling to begin to respect your opinion.. Even though I understand how much 20K/year have hurt your feelings.
This argument has been discussed for a dozen of years, but if you need to hear it again, there it goes, feel free to read if you'd like :)

You knew it and you chose it with a big smile on your face letting your CFI to expire and bragging to girls how you are an airline pilot, remember?

Despite the Delta tickets and paint and whatever they told you during your regional interview - you didn't work for Delta then, therefore you sacrificed nothing so that Delta could "stay afloat". You simply worked the job you interviewed for and wanted. And to be brutally honest 20K was only the first year pay, wasn't it?

Any business lawyer would tell you that your sacrifice (part of a well known package) was given on behalf of your regional (the name on your pay checks), not Delta.

So it's silly to claim something you didn't earn and elevate yourself to the level of sacrifice of furloughs and a 52% paycut/pension gone others have taken.
I really hope you wouldn't have to experience that just so you'd know what THAT sacrifice feels like and if it's tilted or not! ;)

PS To distinguish yourself from the crowd you should have brought (this exact wording in your post) up during your Delta interview! I bet you didn't, did you?

1. I'm glad you're happy I'm here, because I am too. I love 99% of the guys/gals I've worked with thus far at Delta, which is more than I can say about my previous employer.
2. You're right. I did leave flight instructing with a big smile on my face, because I was off to fly a CRJ. After the initial excitement wore off, I realized pretty dang quickly that I was vastly underpaid for what I was doing. So much so that I got a side hustle. Pretty hard to brag to girls what you do for a living when you're living with your folks.
3. So you're saying that when I flew a CRJ with Delta paint on the side I wasn't flying Delta customers? They didn't buy their tickets on the Delta website?
4. I believe, even today, that every one of us wearing the Delta uniform has made a sacrifice to get where we are today.

To sum it up, I'm still not willing to hand over a bag of money to the 800-1000 retirees on their way out the door. If they're willing to sell scope to get that bag of money, that's fine, but ultimately, they are outnumbered by a pretty wide margin. I suggest a simple walk-in. Walk in the number and show how it benefits me in the long run without giving up scope, profit sharing, or current 401K benefits. Do that, and we all will benefit. I promise you.

Like I said before, Merry Christmas, Happy Holidays, and may all of us have a bright and prosperous 2019. :)

I'm curious to know what someone who has maybe 5 years or less left till retirement is reasonably expecting a new DB-type program to provide them on a monthly basis once they do actually retire.

I'd be happy to cut retirees a check from profit sharing for a few years (3-5) after they leave. Smarter people than me would have to figure out how much or with what considerations, but I'd see that as a decent albeit small "thanks for your sacrifice."

Quote:

Originally Posted by tennisguru (Post 2732732)

I'm curious to know what someone who has maybe 5 years or less left till retirement is reasonably expecting a new DB-type program to provide them on a monthly basis once they do actually retire.

They want 60% FAE. $350k * 60% = $210,000yr = $17,500 a month

That’s what they were promised when got hired.

Quote:

Originally Posted by tennisguru (Post 2732732)

I'm curious to know what someone who has maybe 5 years or less left till retirement is reasonably expecting a new DB-type program to provide them on a monthly basis once they do actually retire.

I have a couple months under 5 years to go.

Why as much as my money grabbing hands can get of course!!!:rolleyes: By the way, for those of you wondering, that’s sarcasm/humor.

Frankly, I would be satisfied with getting what I had ALREADY earned.

Denny

Quote:

Originally Posted by PilotJ3 (Post 2732743)

That’s what they were promised when got hired.

I hear this a lot. Is that really the way it went down? Could be...I wasn't there.

When I got hired, I was told the PWA determines my compensation, and the PWA is continually rewritten by negotiation. I've never been promised I will get 16% DC in perpetuity.